The Endless Frontier Labs, Based at NYU Stern, Graduated its 2022-2023 Cohort of Startups & Alumna Elizabeth Elting (MBA ’92) Awarded Funding to Phinomics, Culina Health, and RevivBio as Part of The Elizabeth Elting Venture Fund
From left to right: Dean Raghu Sundaram, Elizabeth Elting (MBA ’92), Vanessa Rissetto (Culina Health), President-Designate Linda Mills, Aileen Mastouri (RevivBio), Massa Shoura (Phinomics), and EFL Founding Director Professor Deepak Hegde
On May 5, The Endless Frontier Labs (EFL), NYU Stern’s hub for massively scalable tech and life science startups from around the world, recognized its 2022-2023 cohort of graduating startups during an in-person showcase and celebration.
Participating ventures in EFL’s three tracks—Deep Tech, Life Sciences and Digital Tech—included a startup that created a proprietary diagnostic platform that analyzes circulating tumor DNA to detect cancer and monitor treatment response; one that saves patients and employers money on medical care by detecting and correcting errors, overcharges, and fraud on medical bills; and another that is is disrupting the plastic industry by making plastic from plants instead of petroleum.
From left to right: Dean Raghu Sundaram, Elizabeth Elting (MBA ’92), President-Designate Linda Mills, and EFL Founding Director Professor Deepak Hegde
To invest funding for promising women-centric businesses that have successfully completed EFL, NYU Stern alumna Elizabeth Elting (MBA ’92) has donated $2 million to the Program. This year, startup graduates RevivBio (Deep Tech track), Phinomics (Life Sciences track) and Culina Health (Digital Tech track) were awarded funding.
Elizabeth Elting (MBA ’92)
Founded and led by Chen and Yao Family Director Professor Deepak Hegde, EFL integrates the startup venture process with Stern’s MBA curriculum to transform scientific and technological innovations into high-impact businesses. A nine-month, goal-oriented mentorship program designed for novel early-stage science and technology startups, EFL engages a lineup of A-list business mentors, scientists, and venture capitalists including experts from many NYU schools.
EFL Founding Director Deepak Hegde
Startup founders also receive business development support from Stern MBA students who are enrolled in a companion EFL course taught by Professor Hegde, who was awarded the 2022-2023 NYU Distinguished Teaching Medal as well as the 2022 Innovation in Entrepreneurship Pedagogy Award from the Academy of Management—the professional association for management scholars and teachers from all over the world.
EFL is a “founders first” program, meaning it does not charge fees or take equity, making it accessible to startups all over the world, with no prior affiliation to NYU required. The program helps founders quickly advance and massively scale startups in addition to building a stronger MBA student experience.