The NYU Innovation Venture Fund is a pre/seed-stage venture capital fund established in 2010. It focuses on providing seed capital and practical support to promising startups founded by current NYU students, faculty, and researchers. The fund targets early-stage businesses that are commercializing technologies, innovations, and intellectual property developed at NYU, and have achieved proof of concept or prototype stage. It typically makes three to four investments annually, partnering with angel and venture capital investors. Returns from successful portfolio companies are reinvested into the University to finance future ventures