Faculty New Venture Assistance Fund
Princeton’s Faculty New Venture Assistance Fund supports faculty and staff in turning university research into startups or nonprofits through funding for key entrepreneurial activities.
Funder: Princeton University
Due Dates: Rolling
Funding Amounts: Up to $15,000 per project (most ventures); up to $25,000 for software development; up to 3 social enterprise awards/year.
Summary: Supports Princeton faculty and staff in translating university research into startups or nonprofits through funding for entrepreneurial activities.
Description
The Faculty New Venture Assistance Fund at Princeton University provides targeted support for faculty and staff aiming to transform academic research and innovations into products, services, or social enterprises with societal benefit. The fund is designed to help launch new companies—including nonprofits—by covering key entrepreneurial activities such as market research, business plan development, team building, legal and financial administration, and software development. Since 2016, the fund has supported over 75 projects, many of which have progressed to become externally funded startups. Proposals are reviewed on a rolling basis by the Office of Technology Licensing (OTL), with final recommendations made to the Dean for Research.
