The Newman Entrepreneurial Initiative
The Fannie and John Hertz Foundation's mission is to focus on supporting graduate students in the applied physical and biological sciences, mathematics, and engineering for the purpose of solving difficult, real-world problems. Harold Newman has long been an active supporter of the Hertz Foundation, serving both as a board member and as a generous donor. To this end, he has generously established an endowment to allow the Foundation to support entrepreneurial efforts by Fellows.
The Newman Entrepreneurial Initiative Fund will provide individual investments of up to $25,000 with a particular emphasis on collaborative activities amongst Fellows. These investments are expected to fund work for 6-12 months and are meant to improve the chances of commercial success by providing detailed feedback and recommendations, and allocating funds such that the entrepreneurs would have the impetus and the support to implement those recommendations.
Any Hertz Fellow in good standing with the Foundation may propose a project for funding. Preference will be given to Fellows in school or in the early years of their careers. Members of the proposing team may include non-Fellows, but the leadership and responsibility for stewardship of funds, execution of the task, and reporting of expenditure and progress reside with the proposing Fellow(s). Funds are granted with no strings attached, but in the expectation that successful developers will be motivated to share their success with the Foundation.
To find out more about The Newman Entrepreneurial Initiative Fund, please contact Kathy Young.
Cyclops co-founded with Waikit Lau
Floris van Breugel
TinyHerds co-founded with Hertz Fellow Brian von Herzen
Brian von Herzen
TinyHerds co-founded with Hertz Fellow Floris van Breugel
Allen Y. Chen
Agile Devices co-founded with Hertz Fellow Vyas Ramanan and Leo Tsai MD/PhD, Harvard Medical School and Ben Merewitz, MIT Sloan School of Management.
Diffeo, co-founded with Hertz Fellows Max Kleiman-Weiner and Dan Roberts.
Diffeo, co-founded with Hertz Fellows John Frank and Dan Roberts.
Agile Devices co-founded with Hertz Fellow Allen Chen and Leo Tsai MD/PhD, Harvard Medical School and Ben Merewitz, MIT Sloan School of Management.
Daniel A. Roberts
Diffeo, co-founded with Hertz Fellows John Frank and Max Kleiman-Weiner.
School Yourself is recreating education from the ground up by reformatting textbooks to take advantage of the interactive features on a computer, tablet, or mobile device. The company is “reimagining” education with the world’s most immersive and interactive books in math and science for middle and high school students.