“The Harvard Innovation Labs exist to connect Harvard students to the right resources at all stages of their innovation journeys. As part of this promise, we are thrilled to connect student ventures to a brand-new funding opportunity. The Allston Fund is an independent, diverse venture capital collaborative built around the shared goal of helping Harvard student-led startups bring their industry-transforming ideas to market.”
– Jodi Goldstein, Executive Director, Harvard Innovation Labs
What is The Allston Venture Fund?
Formed in 2019, The Allston Venture Fund is an investment collaborative focused on providing pre-seed funding to high-potential, high-impact ventures led by Harvard students. The fund is currently backed by the following six firms:
- Bain Capital | Ajay Argawal
- General Catalyst | Larry Bohn
- GETTYLAB | Aniq F. Kassam
- Highland Capital | Paul Maeder
- Polaris Partners | Terry McGuire
- Underscore | Michael Skok
The Allston Venture Fund is an independent enterprise that is not affiliated with Harvard. Harvard does not endorse, and is not responsible for, any investment, activity, product or service of The Allston Venture Fund or its investors.
How much funding is available?
The fund will invest ~ $700,000 per year, over three investment periods: October, February and June. Investments range from $10,000 to $100,000 each.
Who is eligible?
This opportunity is open to any Harvard student or Harvard student-led teams whose ventures:
1 have a founder who is a currently enrolled, full-time, degree-seeking Harvard student (students who graduate in May 2019 are eligible this round only)
2 have achieved material traction with their venture
3 are incorporated
4 are actively raising capital
How do I apply?
The Allston Venture Fund application is available here.
You should not include confidential information in your application. By submitting an application, you consent to the release of information contained in your application to The Allston Venture Fund.
The selection process:
1 The Allston Venture Fund Investment Committee, which is made up of partners from each of the founding firms, will evaluate all applications submitted and choose select applicants to present to the committee.
2 The selected applicants will have the opportunity to pitch to the Investment Committee.
3 The Allston Venture Fund Investment Committee will select the number of investments and determine investment amounts.
The Allston Venture Fund Investment Committee is independent from Harvard and is solely responsible for the selection of applicants to present to the committee and for all investment decisions. No Harvard employee, faculty member or student serves on the committee.