Next Monday, June 3rd, we will kick off the NYU Summer Launchpad—a 10-week accelerator program that will provide graduating NYU student-entrepreneurs with the skills, space, funding, and mentoring needed to help them launch commercially viable startup ventures.

Summer Launchpad is an intensive program that will support startup ventures through the notoriously difficult stage of early development and will provide them with resources, personalized instruction, guidance, and connections to increase the likelihood of their success. Participating teams will be steeped in lean startup principlesusing techniques for testing hypotheses, experimentation, and iteration as they search for a commercially viable business model.

The Summer Launchpad will take place at the Polytechnic Institute of NYU (NYU-Poly)Varick Street incubator in Lower Manhattan, which was created four years ago in collaboration with New York City to help emerging companies become thriving businesses.

Ten multidisciplinary teams of graduating students from five different schools at NYU (NYU-PolyLeonard N. Stern School of BusinessTisch School of the ArtsRobert F. Wagner Graduate School of Public Service, and theCollege of Arts and Science) have been accepted into the inaugural Launchpad class. Each startup team will receive a no-strings-attached stipend of $7,500. The selected teams span web, mobile, and hardware products across the consumer, enterprise, healthcare, and education sectors.

Each Launchpad team will be paired with entrepreneur and venture investor mentors who will work closely with the teams over the course of the summer to help guide them on the path to achieving their own individual milestones. Mentors are drawn from NYU’s alumni base, as well as from the booming New York City startup community. The entrepreneurs and investors who will participate as mentors include: David Tisch, NYU Law ’06, managing partner of Box Group; David Aronoff, general partner at Flybridge Capital Partners; Peter Flint, general partner at Polaris Partners; Alexandre Douzet, SCPS ’99, co-founder and CEO of TheLadders; Paul Berry, Gallatin ’98, Tisch ’03, founder and CEO of RebelMouse and former CTO of Huffington Post, among others.

Launchpad will also feature weekly guest lectures by successful entrepreneurs, investors, and startup experts who will share lessons from their past successes and failures. The program will culminate with an expo-style demonstration day, where teams will showcase their startups to potential collaborators, investors, and partners.

The NYU Summer Launchpad is an important addition to a growing array of entrepreneurship programs offered at New York University. NYU already offers a wide range of classes and extra-curricular resources aimed at inspiring, educating, and connecting students and faculty who have an interest in entrepreneurship. The Summer Launchpad builds on the foundational skills provided in the classroom and in programs such as the recently completed $200,000 NYU Entrepreneurs Challenge, and will help drive the success of NYU’s student entrepreneurs long after graduation day.

The 10 teams that have been selected for the inaugural class, and their NYU student founders, include:

BenchPals: Simplifies lab management via secure software, creating a new way for scientists to get their lab work done.
Jasmin Hume, NYU-Poly PhD ‘14; Ching Yao Yang, NYU-Poly PhD ‘14

BOT Factory: A 3D printer that creates circuits and places electrical components on a wide range of materials to rapidly prototype printed circuit boards (PCBs).
Carlos Ospina, NYU-Poly MS ‘13; Nicolas Vansnick, NYU-Poly MS ‘13

CrashDwell: An online solution for students to find and offer housing sublets and other short-term rentals.
Patrick Yan, Stern BS ‘13; Ran Zheng, Stern BS ‘13

Databetes: Self-management support tools for patients with diabetes.
Doug Kanter, Tisch/ITP MPS ‘13; Ryan Viglizzo, Tisch/ITP MPS ‘13

datavisu.al: Web-based tool for creating data visualizations to help designers with limited programming skills make beautiful charts and graphs.
Danne Woo, Tisch/ITP MPS ‘13

Ex Vivo Dynamics: Chelation filters to remove free iron released in transfused blood, reducing the instance of organ damage to patients receiving transfusions.
Alan Perlstein, NYU-Poly MS ‘13

Kinvolved: Online applications to increase school attendance, particularly among low-income students, through enhanced parent-teacher communication.
Miriam Altman, Wagner MPA ‘13; Alexandra Meis, Wagner MPA ‘13; Barrie Charney Golden, Wagner/Stern MPA/MBA ‘14

Lumiti: Platform to help job seekers and hiring companies find their perfect “match”, based on skills, experience, and cultural fit.
Jerry Hao, Stern MBA ‘13; Soham Sutaria, Stern MBA ‘13

Point: Interactive application that makes it easy to share your Internet browsing experience with your friends.
Ashwinn Krishnaswamy, Stern BS ‘13; Phil Ditzler, CAS BS ‘13

SalesBUS: Online platform the helps product-based companies find a network of salespeople to sell their products and earn supplemental income.
Ricky Berrin, Stern MBA ‘13

For more information, including a complete list of our mentors and guest speakers, please go to the NYU Summer Launchpad web site.