William Lutz

Director of Commercialization

I came to NJIT after ~six months of being a stay-at-home dad. After an introduction to Simon Nynens, the university's Chief Commercialization Officer, I came on board to help rebuild and reimagine the incubation program. For the past few decades NJIT has grown significantly, recently earning the prestigious R1 Carnegie classification - the highest possible for research. That means more innovation and more entrepreneurship.
The previous incubator, the Enterprise Development Center, had a long history of success but was imagined as way to attract entrepreneurial small businesses to the university. My goal was to build a program for creating startups from within, supporting students, staff, and faculty.

Some Highlights

  • 0→ ~40 student-entrepreneurs per year
  • In-residence companies raised $49MM in VC financing

Stuff I'm Especially Proud Of

  • Supporting OculoMotor Technologies, they bring VR/AR tech to pediatric optometry
  • Mentoring and teaching adjunct courses for:
    • Martin Tuchman School of Management's graduate program
    • Newark College of Engineer's Industrial Engineering program
    • Digital Undivided's BIG Cohort for Black and LatinX women entrepreneurs
    • Rutger's Black and Latinos in Tech Program.

More Notes

  • Designed, developed, and executed on the refurbishment of the VentureLink startup incubator building.
  • Managed a 110,000 sqft. facility including wet/dry labs, private offices, and a 11,000 sqft. coworking space.
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