BROOKLYN, N.Y., June 12, 2018 /PRNewswire-USNewswire/ -- NYU Tandon School of Engineering'sVeterans Future Lab (VFL) has selected 17 startup businesses for its first Apex cohort, a selective, year-long incubator program that provides the full host of NYU Tandon Future Labs resources to early-stage startups founded by military veterans, Department of Defense affiliates, and their spouses. The goal of Apex is to help grow each startup to enter one of the Future Labs programs that support more advanced companies.
Housed in the VFL offices at Industry City in Sunset Park, Brooklyn, Apex provides entrepreneurs with access to NYU Tandon's dedicated incubation program, globally recognized faculty and student staff, prototyping facilities, free desk space, and up to $500,000 in in-kind benefits. Apex also offers a community of military veterans and their spouses who are invested in each other's successes, along with an ecosystem of more than 45 companies across the Future Labs portfolio.
"The VFL is a place where veteran entrepreneurs can thrive and not feel alone," said James Hendon, VFL director. "As a veteran entrepreneur myself, I know how it feels to have everything needed to succeed in business except for the feedback, the network, and the resources that a program like Apex provides. We get into the weeds with our founders to help them help themselves reach the next level — the Apex. In doing so, we maximize the upturns and reduce the downturns on their journey."
"Barclays is proud to support the Veterans Future Lab and the launch of Apex," said Joe McGrath, global head of banking at Barclays. "Barclays is committed to driving job creation through our support for entrepreneurs, and we look forward to leveraging the skills and expertise of our colleagues as mentors for the veteran entrepreneurs in the inaugural Apex cohort."
Visual Ops : Device-agnostic technology that communicates processes to diverse actors in real time
The inaugural Apex cohort includes several NYUVeterans Entrepreneurship Training (VET) graduates, including Thermo Clear, Lift & Shift, and Visual Ops. VET is an intensive, free, 12-week educational program for U.S. military veterans and spouses transitioning into entrepreneurship after completing their service. VET was created through a sponsorship from New York State Assembly Member Joseph R. Lentol (D-North Brooklyn).
About the New York University Tandon School of Engineering The NYU Tandon School of Engineering dates to 1854, the founding date for both the New York University School of Civil Engineering and Architecture and the Brooklyn Collegiate and Polytechnic Institute (widely known as Brooklyn Poly). A January 2014 merger created a comprehensive school of education and research in engineering and applied sciences, rooted in a tradition of invention and entrepreneurship and dedicated to furthering technology in service to society. In addition to its main location in Brooklyn, NYU Tandon collaborates with other schools within NYU, one of the country's foremost private research universities, and is closely connected to engineering programs at NYU Abu Dhabi and NYU Shanghai. It operates Future Labs focused on start-up businesses in downtown Manhattan and Brooklyn and an award-winning online graduate program. For more information, visit http://engineering.nyu.edu.