Changes

New Venture Initiative (NVI) is a mix of university resources and equity investment designed to provide a path to and facilitate more start-up activity at UMass Lowell.  As part of the larger Commercial Venture and Intellectual Property Office (CVIP), the NVI fund focuses on inventions, discoveries, products and services that have been developed in whole or in part at UMass Lowell, have achieved proof of concept (or an early prototype) and are ready for commercial product development, rather than those requiring further basic research.