Harvard opens NYC Startup Studio

Are you a Harvard Business School grad missing Cambridge? Head for Broadway.

The school has launched a “Startup Studio” in NYC where entrepreneurial alum can hang out or rent co-working space. The Studio’s mission is to “help foster connections and collaborations among alumni, whether they are founders, investors or among those who have joined one of the many high-growth startups for which New York City has become well known.”

“HBS alumni in New York have been at the forefront of the surge in startups there with companies such as Birchbox, Blue Apron, Rent the Runway, Oscar, and Hello Alfred, to name a few,” said Jodi Gernon, director of the Rock Center on the school’s campus in Boston. “For years, many of them have returned to HBS to interact, seek advice, and network with others facing similar challenges. Now they can do that by staying in New York and making use of our Startup Studio.”

The studio’s director is Avani Patel, a former corporate lawyer who went on to launch TrendSeeder, a fashion-focused accelerator program. A Loyola grad, Patel also holds an MBA from Columbia Business School.

Startups can gain access to the Studio by application. They must have seed funding in excess of $500,000 and fewer than seven employees. Teams will reside at the studio for up to eighteen months, depending on their growth stage, and will be able to take advantage of all events and programming, including founder forums, subject matter and industry expert councils and general networking events.

“Harvard Business School has proved itself to be the leader in the entrepreneurial space,” Patel said in a statement. “I am delighted to be able to share my knowledge and experience with HBS alumni who are eager to make a difference in the world by creating and developing new products and services.”

The initial teams in the Startup Studio represent a cross-section of industries, from consumer products and health care to digital and financial technology.