Eugene M. Lang Entrepreneurial Initiative Fund

The Eugene M. Lang Entrepreneurial Initiative Fund, commonly known as The Lang Fund for Entrepreneurship, is a cornerstone of student innovation at The New School in New York City. Established to foster entrepreneurial spirit among its diverse student body, the fund provides crucial seed funding and mentorship to student-led ventures across all disciplines. Unlike traditional venture capital, the Lang Fund operates on a grant-based model, meaning it provides financial support without taking any equity in the student businesses, thereby allowing founders to retain full ownership and control of their nascent companies. This approach aligns with its mission to empower students and encourage experimentation in entrepreneurship.

Ventures seeking support from the Lang Fund undergo a competitive application process, culminating in finalists pitching their business ideas to a panel of judges composed of industry experts, New School faculty, and alumni. Successful applicants can receive up to $10,000 in non-dilutive seed funding, which is intended to help students develop prototypes, conduct market research, or scale their initial operations. Beyond financial aid, the fund also connects student entrepreneurs with a network of mentors, providing invaluable guidance and resources as they navigate the challenges of launching a new venture.

Since its inception in 2005, the Lang Fund has played a significant role in nurturing a vibrant entrepreneurial ecosystem within The New School. Over the years, it has awarded more than $500,000 in total funding, supporting over 50 student ventures across various sectors. This consistent investment underscores the university's commitment to practical learning and real-world application, enabling students to transform their innovative ideas into tangible businesses and contribute to the broader economy.