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Princeton Dean for Research Funding

Princeton Faculty New Venture Assistance Fund

Funds Princeton faculty and staff preparing research-based startups through venture-formation grants.

OpenPrinceton Innovation + Schmidt DataXUnited StatesDeep-tech · adjacent

Eligibility · Current Princeton University faculty and staff

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About

Princeton's Office of Technology Licensing operates the Faculty New Venture Assistance Fund as a rolling internal grant within the university's research and entrepreneurship funding. It helps current faculty and staff turn Princeton research into a company or nonprofit that can deliver products or services. Standard technology-development and social-enterprise awards provide up to USD 15,000, incl…

What this grant funds

Market research, business planning, team building, legal and administrative work, outside software development and research-based nonprofit formation.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Grant
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.—
Funding pooliThe total budget available across all awards in this round.—
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Eligibility criteria

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Application process

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What you have to submit

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Where founders trip up

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Last verified: 4 Aug 2026Source: research.princeton.edu