The UMass Lowell River Hawk New Venture Fund is a model for university cultivation of start-up activity through early venture-style support. Not only does it provide a path for university-owned innovation to become a start-up, but additionally we will provide enhanced mechanisms, support and resources for external start-ups within our incubator and related programming system, as well as businesses seeking to do business with the university. This in turn grows the overall number, quality and culture for start-ups at UMass Lowell.
To address gap financing, NVD established and actively manages a $500k seed fund. As syndication is vital to secure adequate funding for our spin outs, NVD maintains strong ties to the regional angel network and regularly interact with investors from HubAngels, Mass Medical Angels, Golden Seeds and eCoast Angels. The River Hawk Fund is a member of the Angel Capital Association and participates in the ACA New England Leadership group. NVD staff have venture capital relationships that can be utilized to support portfolio companies as they mature as well.
For more information on River Hawk Fund, please contact Michael Laine at Michael_Laine@uml.edu.
The following criteria define the investment board focus in making investments:
We accept applications from faculty and student start-ups throughout the UMass system. Additionally, we will consider investments in companies that are presently part of the larger UMass Lowell community. This includes opportunities from our incubator projects, UMass Lowell alumni that are engaged in our incubator projects, and businesses utilizing UMass Lowell research and service capabilities including sponsored research, research service agreements and the core research facilities.
In addition, The River Hawk New Venture Fund looks for:
The companies in which we will consider an investment should meet these additional criteria:
For Life Science companies, additional criteria include:
Access Vascular Inc.