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NYU Stern School of Business to launch first 'Creative Destruction Lab' in U.S.


NYU Stern School of Business will involve master's students in its new Creative Destruction Lab. (NYU Stern)

The lab, set to launch next year, will nurture early-stage startups developing science and technology-based products.​


New York University is embracing destruction and disruption.

Its Stern School of Business is slated next year to launch a “Creative Destruction Lab” — a venture program that will bring in early-stage science and technology-based startups to learn how to commercialize their products. It will be the first of its kind in the country, according to school officials.

About 25 startups from around New York City will have the opportunity to work on their business models over the course of nine months, from September to May. The startups will then be assigned mentors from across NYU who will provide technical assistance to the developers in areas like artificial intelligence, machine learning and medical devices.

“Very few investors have a deep experience or knowledge that is required to assess startups in this space,” said Deepak Hegde, director of the Creative Destruction Lab and professor in both the master's and doctoral programs at Stern.

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