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NYU Entrepreneurship News

NYU Alum raises additional $2M to expand Vengo Labs
Vengo Labs, NYC-based makers of mini vending machines selling everything from chewing gum to mini speakers, which also doubles as an ad network, have raised $2 million in funding to expand their business to new markets.  Co-founder Brian Shimmerlik (Stern '13), says that the funding will be used to take the Vengo vending machines into new markets — and by that he means not just cities, but tackling new products like Bitcoin (Bitcoin ATM!) as well as other products.  Read more here
NYU Innovation Venture Fund invests in Transparent Health
The NYU Innovation Venture Fund expands its portfolio by investing in Transparent Health.  Transparent Healthcare brings the cost containment strategies of the insurance industry to the uninsured and those who pay cash, providing customers access to affordable healthcare and transparent pricing. To view all investments that the Venture Fund has made, click here.
Startup ecosystems need an outward looking university: Micah Kotch
NYU and the NYCEDC reveal its new Urban Future Lab a new incubator focused on energy and infrastruction innovation, in downtown Brooklyn, 15 Metrotech Center.  The incubator is hoping to create 9,000 jobs by 2025 by hosting companies and will also serve as a training ground for the next generation of school teachers and local children with up to 50 teachers to receive training there every year.  Click here
Student Entrepeneurs Learn The Art of Disrpution
Learn about what NYU students are doing when they are not in class. Forbes features three companies founded by NYU students and and alums and how they are looking to change the norm.   Click here
NYU neurosurgeon may help Superbowl become safer?

New York University neurosurgeon, Dr. Uzma Samadam, discovered a new way to track minute eye movements and correlate those results to brain injuries such as concussions.  Read more about Dr. Samadam's company Oculogica and this fascinating discovery here

NYU students win $1 million Verizon Powerful Answers Award

Co-founders Marc Albanese ('08) and Yapoeng Zhou ('14) were the top prize winners in the Verizon Powerful Answers Award for their company, Smart Vision Labs, a smartphone based autorefraction technology to improve eye health. 

Read more here

First Round Capital Invests in NYU Alum Ricky Berrin's SalesBus

The Dorm Room Fund chose SalesBus for its portfolio and awarded it $20,000.  The money was part of $500,000 that First Round Capital recently invested into The Dorm Room Fund.  Salesbus, an online platform that helps companies find a netowrk of salespeople to sell products in their community, will be launching in the spring semester. 
Read more here
NYU Stern Alums help Pregnant Women Around the World
December 29, 2013
While studying at NYU Stern School of Business, Matthew Edmundson and Jennifer Tsai decided to try and use public health intitiatives to boost health.  They found that pregnant women around the world were not receiving enough iron, and were more likely to die during child birth.  They started Violet Health,
providing iron-fortified products to help pregnant women recieve the proper nutrition. 
Read more here


NBC News acquires Stringwire, started by NYU Alum Phil Groman, Entrepreneur

Congratulations to Phil Groman ('13) and his company Stringwire ( for their recent acquisition by NBC News. Stringwire was developed by Groman as a service for news organizations to request video from a network of verified contributors with connected mobile devices of streaming videos across the globe.
Read more here

NYU Innovation Venture Fund expands portfolio

The NYU Innovation Venture Fund expands its portfolio by investing in Orca Pharmaceuticals, TB Biosciences and Biodigital.  To view all investments that the Venture Fund has made, click here.

NYU awarded grant from National Science Foundation

The NSF recently awarded a $3.7 million grant to a consortium of NYU, CUNY, and Columbia as part of their Innovation Corps (I-Corps) initiative. See an article recently in Business Week about the program to learn more.

NYU Alumni Startup Connect

The newly formed NYU Alumni Entrepreneurs Network held its first event on December 3rd, bringing together NYU alumni entrepreneurs and investors for an evening of networking. Read Xconomy’s recap of the event here.

NYU Initiates Summer Launchpad—a 10-week Accelerator Program for Graduating Entrepreneurs
Thu, May 30, 2013
Next Monday, June 3rd, NYU will kick off the NYU Summer Launchpad—a 10-week accelerator program that will provide graduating NYU student-entrepreneurs with the skills, space, funding, and mentoring needed to help them launch commercially viable startup ventures.

Read more at »

NYU Teams Win $200K in Stern's 2012-2013 Entrepreneurs Challenge 
Tue, May 14, 2013

NYU’s most promising innovators received a combined $200,000 in startup cash at the annual $200K Entrepreneurs Challenge held by NYU Stern’s Berkley Center for Entrepreneurship & Innovation. 

Read more at NYU Stern »

Three NYU-Affiliated Startups Picked for Spring 2013 Class of TechStars NYC
Mon, Apr 15, 2013
Three startups affiliated with NYU have been selected as part of the spring 2013 class of TechStars NYC—a popular accelerator that provides mentoring and financing for entrepreneurs.

Read more at NYU Entrepreneur »

NYU Entrepreneurs (magical, inspiring, all around awesome) Festival
Thu, Mar 7, 2013
How often are you inspired, pushed to your limits, and feel included in a supportive community bigger than yourself (simultaneously) for 48 hours? I am not sure about you, but for me personally, this trifecta is hard to come by. Life gets in the way.

Read more at NYU Entrepreneur »

Which Schools Graduate The Most Entrepreneurs?
Wed, Mar 6, 2013
If you're graduating soon and looking to start your own business or join a startup, you’re not alone. There’s a massive amount of money flowing into startups these days and it’s a potentially lucrative but definitely exciting career prospect. For example, did you know that nearly $13 billion worth of investment went to graduates from six schools? What are those six schools you ask?

Read more at Edudemic »

Entrepreneurs don't need to code to find success
Tue, Mar 5, 2013
Want to be an entrepreneur? Great. Don't know how to code? Don't waste time learning. When aspiring entrepreneurs crowded into New York University's Tisch Hall looking for resources, mentors, co-founders and money, they left with a lesson they didn't expect: You don't have to love algorithms (much less understand them) to be an entrepreneur.

Read more at Upstart »

Square Founder Jack Dorsey and Union Square’s Fred Wilson Chat at NYU
Mon, Mar 4, 2013
Jack Dorsey, the CEO of Square and Twitter's executive chairman, made his way back to New York University for a fireside chat Friday with Fred Wilson, the co-founder of Union Square Ventures. Dorsey, an NYU alum, talked about his early startup days and how his latest endeavor is evolving.

Read more at Xconomy »

Groundbreaking NSF Program to Support Academic Entrepreneurs
Fri, Mar 1, 2013
The National Science Foundation selected a consortium of CUNY, NYU and Columbia to establish a regional node for its groundbreaking Innovation Corps (I-Corps) program that prepares academic researchers to become entrepreneurs and speeds the commercialization of their research.






Upcoming Events


Inno/Vention Demo Day
Wed, April 16, 6pm – 8pm
Spotify Headquarters: 45 W. 18th Street 7th Floor New York 10011
Demo Day is the final event of Inno/Vention and it will allow competitors to voice their business idea to judges who are well-known investors and business minds. The judges will then vote on the top software and hardware businesses and there will be a final vote from the audience on their favorite. Winners will receive money to take their business to the next stage.
NYU Entrepreneurs Speaker Series: Pete Maulik, "Ideas are the Easy Part"
April 17, 6-8pm
KMC, 44 West 4th Street, Room 1-70

Pete Maulik is Managing Partner at Farhenheit 212 where he is responsible for driving growth of the firm through strategic planning, establishing client relationships, cultivating business development, and forging strategic partnerships. You can read more about Pete's background here. Come join us on April 17th to hear more!
Register here
Insight@NYU Entrepreneurship Conference
Fri, April 18, 12am – Sat, April 19, 12am
Kimmel Center, Room 804/805
Insight@NYU 2014 is a one-day summit for you to get firsthand insight about entrepreneurial movements various industries. The conference will host 6 separate sessions, each hosted by an entrepreneur in a particular industry, as well as a keynote by Andrew Yang, the CEO of Venture for America. This is a unique chance to learn, discuss and share ideas regarding current industry challenges, innovations and recent disruptions.
Women in Entrepreneurship Panel
Mon, April 21, 6:00pm – 8:30pm
The Puck Building, 2nd Floor
Many entrepreneurs face similar challenges: getting the first round of funding, launching while in school, or avoiding burnout in the lean years before your business becomes profitable. While we often look for ways to solve these challenges, we rarely talk about how this experience is different for women. Join NYU Entrepreneurship Special Interest Housing, the NYU Entrepreneur's Network and Bridge at Wagner for a lively discussion with leading women entrepreneurs. From just out of school to established startups and investors, these speakers will draw on their diverse range of experiences to offer participants practical advice about how to get started regardless of your background and the resources available to you.
Speaker Series: Chris Poole: Today My Startup Failed
April 29 6-7:30pm
Tisch School of Arts, 721 Broadway, Riese Lounge

Christopher “moot” Poole is the founder of 4chan, and previously the founder and CEO of Canvas Networks, the maker of DrawQuest. He is deeply passionate about online identity and expression, community building, and inspiring daily creativity. 
*Please note that this event is open only to the NYU community*
Register here



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