Technology Opportunities & Ventures Funding Programs
NYU’s Technology Opportunities and Ventures is dedicated to helping scientists and inventors make the most of their ideas. We offer funding opportunities to help faculty and students further develop technologies and help connect them with other institutions offering monetary support.
Funding opportunities offered by NYU provide financial support to our members.
Therapeutics Alliances is a unique drug accelerator designed to identify and de-risk select NYU projects and connect researchers with investors and biopharmaceutical companies to increase commercialization activity. The goal of Therapeutics Alliances is to support the translation of NYU’s academic biomedical research into successful industry partnerships focused on developing new therapeutics.
MedTech Venture Prototyping Fund
The MedTech Venture Prototyping Fund supports prototype development and evaluation of medical device and digital health technologies developed at NYU. The MedTech Venture Prototyping Fund aims to encourage the advancement of innovations that have near-term potential for licensing and commercialization.
Technology Acceleration and Commercialization Awards
The Technology Acceleration and Commercialization Awards encourage and promote the development of research projects and innovations that have promising potential for commercialization through startup creation or licensing. This program underscores NYU’s commitment to research excellence, innovation, and entrepreneurship.
Small Business Innovation Research Grants
The Small Business Innovation Research (SBIR) program is sponsored by 11 federal agencies, including the National Institutes of Health, the National Science Foundation, and the Department of Defense. These organizations are obligated to contribute 2.5 percent of their annual research and development budgets to fund entrepreneurs and small businesses performing research. This means that about $2.5 billion per year in grants, with no obligation to repay and no dilution of equity, is available to fund small businesses under this program.
SBIR funds can be used for just about any industry, including life sciences, physical sciences, information technology, or education technology. A sister program known as Small Business Technology Transfer (STTR) allows for research and development to be performed in partnership with a university or non-profit research institution. To stay up to date on opportunities, sign up for alerts for SBIR/STTR solicitations that relate to your field.
SBIR/STTR grants may exceed $1 million, and are typically provided over two distinct phases:
- Phase I awards typically provide about $150,000 for feasibility studies and proof-of-concept experimentation.
- If Phase I proves successful, the company may be invited to apply for a Phase II award providing upwards of $1 million over multiple years. Phase II expands upon the initial Phase I results and further develops the concept, usually to the prototype stage. Only Phase I awardees are eligible to participate in Phase II.
The NYC Economic Development Corporation (NYCEDC) and other organizations host workshops that cover all aspects of SBIR and STTR proposal preparation.