UMass Lowell's New Venture Initiative (NVI) is a new model for university cultivation of startup activity. NVI provides a path for university-owned innovation to become a startup. Additionally, NVI provides enhanced mechanisms, support and resources for external startups seeking to do business with the university.
NVI is a mix of university resources and equity investment designed to provide a path to and facilitate more startup activity at UMass Lowell. As part of the larger Office of Technology Commercialization
(OTC), NVI focuses on inventions, discoveries, products and services that have been developed in whole or in part at UMass Lowell, have achieved proof of concept (or an early prototype) and are ready for commercial product development, rather than those requiring further basic research.