Win $100K - $250K for your startup

For Founders who are students, faculty or alumni of MIT.

Two teams will win $100-250K
plus the chance to present to the NFX Partnership for a seed round.

  • Uncapped SAFE

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  • Open to all MIT students and alumni

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  • Apply by April 14th, 2pm ET

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The submission period is now closed.

How FAST Works

FAST helps MIT Founders get their startups off the ground, and begin a long term relationship between you and NFX.

  • Private and simple application process
  • All applicants get feedback, no Founder is left ghosted
  • Opportunity to pitch live (and privately) in the final round
  • Most founder friendly investment terms out there: Uncapped SAFE, no discount
  • Winners will get the chance to pitch the NFX Partnership for a 2m+ seed round

What types of businesses are most likely to win NFX FAST?

No idea is too early. NFX FAST is targeting pre-seed and seed stage companies that have raised less than $2M of funding.

NFX invests in a broad range of sectors including AI, Marketplaces, Fintech, Proptech, Games, Networks, Computational Biology, Climate, Consumer, B2B, SMB software, enterprise software, etc. See our existing portfolio to get a sense.

Like all investors, we have investment preferences and areas of focus that you should know about. For instance, we strongly favor companies that can have network effects (NFX).

We don't focus on these sectors: semiconductor, medical devices, pure pharma, pure hardware, and network devices.

FAQ

What does FAST stand for?

How do I apply?

Who sees my application?

How can NFX invest so quickly?

When will the winners be announced?

What is the prize?

What are the terms of the prizes?

Who can apply?

Does our company need to be incorporated to compete / win?

Who can I reach out to if I have additional questions?

How do I know if I should apply for $100K or $250K?

About NFX

NFX is the largest pre-seed and seed fund in the world with $450M in its latest fund. We have invested in 250+ companies including Trulia, Lyft, DoorDash, Poshmark, Honeybook, and Patreon, and been the first investor in standout companies such as Mammoth Biosciences, Outdoorsy, Houseparty, Incredible Health (MIT), La Haus (MIT), SESO and many others.

The Partners of NFX have built 10 companies with more than $10 billion in exits across multiple industries and geographies. We're entrepreneur first because we were entrepreneurs first. And we’re determined to guard the backs of the next generation of fearless founders.

For more insights on who we are, visit www.nfx.com. While there, you can watch, read and listen to the best coverage of fundraising, network effects, marketplaces, and all things startup.