TT/I  UMass Lowell New Venture Development ip/New-Venture-Initiative/About.aspx

     Office Locations:

Wannalancit Business Center
600 Suffolk Street, 2nd Floor
Lowell, MA 01854



  • Early
  • Seed



  • Business Services
  • Information Technology



    UMass Lowell's New Venture Development provides a path for university-owned innovation to become a startup. The New Venture Development is a mix of university resources and equity investment designed to provide a path to, and facilitate more, startup activity at UMass Lowell. The UMass Lowell River Hawk New Venture Fund is a model for university cultivation of start-up activity through early venture-style support. To address gap financing, NVD established and actively manages a $500k seed fund. As syndication is vital to secure adequate funding for our spin outs, NVD maintains strong ties to the regional angel network and regularly interact with investors from HubAngels, Mass Medical Angels, Golden Seeds and eCoast Angels. The River Hawk Fund is a member of the Angel Capital Association and participates in the ACA New England Leadership group. Tech Venture Faculty (TVF) program is a six session technology commercialization series designed to educate faculty in technology commercialization and business fundamentals. The River Hawk New Venture Fund looks for an addressable market of at least $150,000,000+.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Jenna Petrillo Operations Coordinator
    Stephen Buscema i-Corp Project Manager
    Steven F. Tello Ed.D. Vice Provost for Graduate & Professional Studies


    Portfolio companies include:


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