In a bold step to strengthen its leadership in entrepreneurship education, New York Institute of Technology has announced the launch of its Innovation and Entrepreneurship Academy, together with the creation of a $5 million NYIT Venture Fund, to invest in startups—from students, faculty, alumni, and other qualified entrepreneurs.
Designed to empower the next generation of student entrepreneurs across the university’s New York City and Long Island campuses, the academy will offer hands-on resources, expert mentorship, and the infrastructure needed to launch startups, develop innovative technologies, and bring new products to market.
“We believe in the power of innovation and the entrepreneurial drive of our students,” says President Henry C. Foley, Ph.D. “Now, we’re taking that belief even further with the launch of the Innovation and Entrepreneurship Academy—a transformative initiative that is part of our vision of inclusive excellence and gives students the tools and support to turn bold ideas into real-world impact.”
In addition to the venture fund, a key feature of the Innovation and Entrepreneurship Academy is Startup Tech Central, a new center on the Long Island campus complete with maker spaces, mentorship programs, and startup training. Existing student resources and labs, including the College of Engineering and Computing Sciences’ Entrepreneurship and Technology Innovation Center (ETIC) and incubator space, will complement the academy’s offerings, as will the School of Architecture and Design’s fabrication labs.
Full story: New York Tech Launches Innovation and Entrepreneurship Academy With $5 Million Venture Fund | New York Tech
