Funding Opportunities | Harvard Innovation Labs
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Funding Opportunities

We offer a number of funding opportunities to help you take your venture to the next level.

  • Funding

    Allston Venture Fund

    An investment collaborative that provides pre-seed funding to high-potential, high-impact ventures led by Harvard students. Typical award amount: $10,000-$100,000. Application opens in the fall.

  • Funding

    Social Impact Fellowship Fund

    Non-dilutive grants for ventures led by Harvard students with a focus on social impact. Ventures may be for-profit or nonprofit. Typical award amount: $4,000-$15,000. Application opens in the fall.

  • Funding

    Spark Grant

    Non-dilutive grants for ventures in our Student i-lab membership to conduct demand validation experiments. Award amount: Up to $750 first round. Up to $2,000 in subsequent rounds. Application opens in the fall.

We used our Spark Grant to organize a workshop with kids and families, which gave us invaluable insights to improve the prototype we are working on. The i-lab workshops and Spark Grant have been game-changing resources!

Agustina Ollivier
Agustina Ollivier, MEd'23 Cofounder, Divermente

The Allston Venture Fund is an investment collaborative that provides pre-seed funding to high-potential, high-impact ventures led by Harvard students.

Available Funding

The fund invests approximately $700,000 per year over three investment periods: Fall, Spring, and Summer. Investments take the form of a simple agreement for future equity (SAFE) and range in value from $10,000 to $100,000. More than one team may be funded each round


Open to Harvard student-led ventures that meet all the following criteria without exception:

  • The venture has an active founder or cofounder who is a matriculated, degree-seeking Harvard student.
  • The venture has achieved material traction.
  • The venture is incorporated as a C corporation.
  • The venture is actively raising capital.

Application + Selection Process

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. The committee is comprised of partners from each of the founding firms: Bain Capital (Amit Bhatti), General Catalyst (Larry Bohn), GETTYLAB (Aniq Kassam), Highland Capital (Paul Maeder), Polaris Partners (Terry McGuire), and Underscore VC (Lily Lyman). No Harvard employee, faculty member, or student serves on the committee.

  1. Complete the online application. This includes a required pitch deck.
  2. The Investment Committee reviews and evaluates all applications.
  3. Five to seven ventures (each round) are invited to pitch virtually to the Investment Committee. Invited ventures will be notified via email by Harvard Innovation Labs staff, and must meet with staff advisors to prepare their pitch and deck.
  4. After the virtual pitch day, the Investment Committee determines the number of investments and investment amounts and notifies winners within one to two weeks.

The Fine Print

Harvard does not endorse, and is not responsible for, any investment, activity, product, or service of the Allston Venture Fund or its investors. By submitting an application, you consent to the release of information contained in your application to The Allston Venture Fund. Do not include confidential information in your application.

Key Dates

  • April 18, 2024 | Application Launch
  • May 9, 2024 | Application Close
  • May 30, 2024 | Pitch Notification
  • June 25, 2024 | Pitch Day
students networking in i-lab

Past Funding Recipients

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