Faculty New Venture Assistance Fund
Princeton’s Faculty New Venture Assistance Fund helps faculty and staff turn university research into startups or nonprofits by funding key entrepreneurial activities that advance scientific innovations toward real-world impact.
Funder: Princeton University
Due Dates: Rolling
Funding Amounts: Up to $15,000 per project (general/technology/social enterprise); up to $25,000 for software-focused awards; no more than $10,000 for legal expenses per award.
Summary: Supports Princeton faculty and staff in translating university research into startups or nonprofits through funding for key entrepreneurial activities.
Key Information: Only current Princeton faculty and staff are eligible; ventures must be based on Princeton-owned or disclosed innovations (with limited exceptions for social enterprises).
Description
The Faculty New Venture Assistance Fund is designed to help Princeton University faculty and staff transform their academic research into products or services with societal benefit by launching new startups or nonprofit organizations. Established in 2016, the fund supports ventures built around innovations developed at and owned (or, in some social enterprise cases, simply originated) by Princeton. Funding can be used for a wide range of entrepreneurial activities such as market research, business plan writing, team formation, legal and financial administration, and software development. The fund is managed by the Office of Technology Licensing (OTL), with applications reviewed and awarded on a rolling basis.
