Igniting Innovation: The Launch of New York Tech’s Innovation and Entrepreneurship Academy
At New York Tech, bold ideas don’t just take shape—they take off. In a groundbreaking initiative aimed at fostering entrepreneurship, the university has unveiled the Innovation and Entrepreneurship Academy, complemented by a $5 million venture fund designed to ignite the next wave of groundbreaking startups. This academy is not merely a launchpad; it’s a powerhouse of innovation, poised to inspire and equip the next generation of changemakers across New York City and Long Island campuses.
A Hub for Changemakers
The Innovation and Entrepreneurship Academy is designed to provide immersive, hands-on experiences, expert mentorship, and state-of-the-art resources. Entrepreneurs will have everything they need to transform big ideas into real-world impact, developing revolutionary technologies, launching high-potential ventures, and reshaping industries. With the support of the venture fund, New York Tech is investing in the future, backing startups from students, faculty, alumni, and visionary entrepreneurs ready to take the leap.
Key Statistics
$5M: Investment in startups through New York Tech’s Venture Fund.
30: Student-led tech startups launched in the past six months as part of the NESTS program.
$31M: Recent investment in a state-of-the-art biomedical research center.
Innovation Starts Here
The academy’s state-of-the-art facilities create an ideal environment for collaboration among students, faculty, alumni, and partner companies. A standout feature is Startup Tech Central, a new center on the Long Island campus that includes maker spaces, mentorship programs, and startup training. This facility will enhance existing student resources and labs across the university, fostering a culture of innovation.
Technology Incubator
In partnership with the Long Island Software and Technology Network (LISTnet), the Technology Incubator at the Digital Ballpark accelerator space in Plainview promotes industry-academic collaborations. This incubator serves as a vital link between theoretical knowledge and practical application, allowing students to engage directly with industry leaders.
Fabrication Labs
The Fabrication Labs utilize advanced digital fabrication technology, including computer-controlled laser cutters, 3-D printers, and CNC routers. These labs facilitate the production of highly accurate physical models and mock-ups, enabling students to bring their ideas to life.
The HIVE
The HIVE (Home for Innovation, Visualization, and Exploration) is a collaborative lab that supports creative problem-solving and skill development in virtual reality (VR), augmented reality (AR), game design, and human-computer interaction (HCI). This space encourages students to explore new technologies and develop innovative solutions.
Programs & Courses
The academy offers a variety of programming, including hackathons, boot camps, pitch competitions, and startup weekends. These initiatives expand New York Tech’s legacy of experiential learning and innovation. New academic programs and courses are being developed across the university’s schools and colleges, enhancing the educational landscape for aspiring entrepreneurs.
Technology Entrepreneurship Minor
The Technology Entrepreneurship Minor, collaboratively created by the College of Engineering & Computing Sciences, the School of Management, and the Entrepreneurship and Technology Innovation Center, teaches students how to launch their own technology-based enterprises. This program provides opportunities for applied research, technology implementation, and exposure to venture capital and corporate partners.
NESTS Program
The Necessary Eleven Steps to Tech Startup (NESTS) program is an experiential learning course designed to empower students from various disciplines to launch startups. This innovative program bridges the gap between theoretical knowledge and practical application, bringing CEOs and industry leaders into the classroom to guide students in developing their ideas.
Advising & Mentorship
To ensure the academy’s growth, a new advisory board comprising leaders from top tech firms and regional businesses will provide strategic direction and mentorship. Additionally, the venture fund will have an investment advisory committee, including entrepreneurial experts, to review and recommend startup investment pitches.
Success Stories
New York Tech has already made a significant impact on its students’ entrepreneurial journeys. Ryan Ahmed, an Interdisciplinary Studies graduate and founder of the technology startup Niura, credits the university for connecting him with essential resources in manufacturing and intellectual property.
Student Innovations
Bus Transportation App: Graphic design student Tanay Govardhan developed a mobile app to improve public bus transportation in Pune, India, as part of his senior thesis.
Symbol of Movement: Doctor of Physical Therapy student Sofoklis Sarellis is launching his athletic footwear company, Symbol.
Engineering Student Pitches: Students from the College of Engineering and Computing Sciences recently presented their startup companies at the New York Tech Business Incubator, showcasing the culmination of their experiential learning.
Conclusion
The Innovation and Entrepreneurship Academy at New York Tech is set to redefine the landscape of entrepreneurship education. With its robust support system, state-of-the-art facilities, and commitment to fostering innovation, the academy is not just preparing students for the future; it is actively shaping it. As bold ideas take flight, New York Tech stands at the forefront of a new era in entrepreneurship, ready to inspire the next generation of innovators and leaders.
