The Veterans Future Lab provides start-ups founded by veterans with access to faculty, industry leaders, subsidized office space and entrepreneurship-specific services
New York University announced yesterday the launch of the Veterans Future Lab, a technology start-up hub that provides mentorship and support to early-stage start-ups founded by United States military veterans. The Veterans Future Lab is part of the engineering school’s larger entrepreneurial efforts, the NYU Tandon Future Labs which was first established in 2009. The hub will be located in Industry City.
“Historically, veterans have shown an immense entrepreneurial spirit, founding a wide range of successful start-ups,” said NYU Tandon School of Engineering Dean Katepalli R. Sreenivasan. “The Veterans Future Lab was conceived as a way to foster that spirit and encourage veterans to combine technology with skills learned while serving in the military.”
In addition to traditional NYU Tandon Future Lab benefits, including access to faculty, industry leaders, community events, subsidized office space and entrepreneurship-specific services, NYU will offer full scholarships to veterans who enroll in “A Bridge to Tandon,” a program that helps prepare people without engineering degrees to qualify for graduate-level studies at the engineering school.
“NYU Tandon has helped me on my entrepreneurial journey by opening doors to a network of talented and helpful people. These people continue to provide guidance, feedback and resources on how to best succeed with my own company,” said the founder of Frontier7 and graduate of VET Tim Lawton. “It is this type of help that is invaluable and necessary for myself and other veterans to succeed.”
NYU’s Future Labs support a wide variety of entrepreneurial outreach programs to more than 40 start-up companies in three locations: a data-focused incubator in SoHo, another in the DUMBO section of Brooklyn focused on digital technology and a third in Downtown Brooklyn’s MetroTech Center with a focus on clean-energy technology. To date, 74 companies have graduated from the program, 15 through acquisition and they have generated some 1,500 jobs and an estimated economic impact of $500 million.
Veterans Future Lab is now accepting applications. Interested parties can find out more at http://engineering.nyu.edu/business/future-labs/veteran-support.