Slides from my talk to MBA students from Central European University (CEU, Hungary) about how we spur and support startups and entrepreneurship across NYU.
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How We Do Startups & Entrepreneurship at NYU
1. @NYUEntrepreneur
How We Do Startups
& Entrepreneurship
at NYU
Frank Rimalovski
Executive Director, Entrepreneurial Institute
Managing Director, Innovation Venture Fund
Adjunct Faculty, Polytechnic School of Engineering
May 21, 2015
15. @NYUEntrepreneur
Classic Blunders
u “If you build it they will come”
u Trying to be all things to all people
u Hiring an MBA or “business guy” to
write a business plan
u Waiting for tech transfer to find a
CEO & funding
u Fund ➨ Build ➨ Customers
15
32. @NYUEntrepreneur
Innovation Venture Fund
u Philanthropic seed fund
u Help build smart
syndicates
u $100-200k direct
investments
u Converts, Series Seed & A
u Board observer seats
u Opportunistic follow-ons
32
I V F
38. @NYUEntrepreneur
Leslie eLab Metrics: Sep 8-May 10
u >20,000 total visits!
u 4,485 unique visitors (~4.5, trending up)
u 20 NYU schools/colleges represented
u 200+ different areas of study
u 74% undergrad & 26% grad students
u 42% female
u 250+ Events hosted
u 120+ Institute led/driven
u Guest speakers
u Workshops/bootcamps
u 40 faculty-led classes/events
u 100+ student club-led events
u Extended daily hours to 10pm M-F
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Weekly Visits
(excl holidays)
Medicine
Abu Dhabi
Law
Silver School of Social Work
College of Nursing
Special Sessions
Graduate School Arts & Science
Faculty of Arts and Science
Wagner
SCPS
Engineering
Tisch
Gallatin
Steinhardt
Stern
CAS
Total Visitors by School
39. @NYUEntrepreneur
Leslie eLab Facts: Sep 8-May 10
u 100 students visited 30+ times
u 683 room reservations
u 250 Prototyping Lab reservations
u 201 EIR/Lab manager student meetings
u >7,000 cups of coffee served
39
48. @NYUEntrepreneur
Institute & Fund Goals
u Make entrepreneurship a campus-wide,
multi-disciplinary experience
u Bring more NYU innovations to market
u Compete for top students, faculty & funding
u Generate return on investment
u Create generation of entrepreneurs to
inspire & support NYU for years to come
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