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Elizabeth Elting Foundation

Elizabeth Elting Foundation
Leadership team

Liz Elting (Founder and CEO)

Headquarters
New York
Region served
New York
Year stablished
2018
Address
Co Anchin 3 Times Square New York City, NY 10036 United States
Social Media
Summary

The Elizabeth Elting Foundation Ventures is dedicated to providing early-stage science and technology startups through a unique performance-based mentoring process. Partnering with New York University's Stern School of Business, the foundation supports the Endless Frontier Labs program, which connects global founders to New York's thriving startup ecosystem. With a significant $2 million donation from Elizabeth Elting, this initiative specifically aims to fund ventures led by women or centred on women's interests, ensuring these startups receive the recognition and support they deserve to thrive and make a lasting impact.

The foundation has already backed many startups through its investment fund. For example, Cooler Heads has developed an FDA-cleared medical device that helps cancer patients manage chemotherapy side effects, while Vivtex uses AI to optimise pharmaceuticals for better oral bioavailability. Moody Month's machine learning platform forecasts hormone, mood, and symptom changes to create personalised digital experiences in the female health and wellness space. These startups, among others, personalised the foundation's commitment to driving innovation and improving lives through targeted support and investment.

In addition to its support for startups, the Elizabeth Elting Foundation launched the AHA's Elizabeth Elting Fund with a $5 million gift. This fund focuses on women-led and BIPOC-led organisations in New York's under-resourced communities, working towards health equity. By investing in initiatives like Brooklyn Packers, which addresses food security, and She Matters, which improves maternal health outcomes for Black women, the foundation actively breaks down social and economic barriers to health. Through these efforts, the Elizabeth Elting Foundation Ventures not only fuels entrepreneurial growth but also champions social impact, creating a more equitable future for all.


 


History

The Elizabeth Elting Foundation Ventures was founded in 2018 by Elizabeth Elting, a renowned philanthropist and businesswoman based in New York. With a strong commitment to empowering women and fostering entrepreneurial growth, the foundation was launched to address the lack of resources and support available to women-led startups and women-centric businesses. Elizabeth Elting's vision was to create an organisation that not only provided funding but also offered mentoring and guidance to early-stage science and technology startups.

The foundation's partnership with New York University's Stern School of Business began with the creation of the Endless Frontier Labs programme. This initiative was designed to connect global founders with New York's dynamic startup ecosystem, providing them with access to mentors, investors, and industry experts. Elizabeth Elting, an alumna of NYU Stern, contributed $2 million to the programme, specifically earmarking the funds for ventures led by women or focused on women's interests. This significant donation underscored her commitment to levelling the playing field for female entrepreneurs.

Over the years, the Elizabeth Elting Foundation Ventures has supported numerous innovative startups through its investment fund. The foundation's approach is unique in its emphasis on performance-based mentoring, ensuring that startups not only receive financial backing but also the guidance needed to navigate the challenges of early-stage development. By fostering connections and providing resources, the foundation has helped many startups achieve significant milestones, driving innovation and making a positive impact on society. Through these efforts, the Elizabeth Elting Foundation Ventures continues to champion the growth of women-led businesses and promote economic and social equality.

In addition to its partnership with NYU, the foundation launched the AHA Elizabeth Elting Fund in 2022, with a $5 million gift to the American Heart Association's Social Impact Funds. This initiative focuses on supporting women-led and BIPOC-led organisations in New York's under-resourced communities, particularly those working towards health equity. The fund has already distributed $500,000 to various local organisations, addressing critical issues such as maternal health, food security, and economic resilience.

The Elizabeth Elting Foundation Ventures has consistently recognised and invested in groundbreaking companies across various sectors. For example, it has funded startups like Cooler Heads, which helps cancer patients manage treatment side effects, and Vivtex, which optimises pharmaceuticals using cutting-edge technology. Each recipient reflects the foundation's dedication to supporting ventures with the potential to bring about significant societal change.

Through strategic partnerships and substantial financial support, the Elizabeth Elting Foundation Ventures has built a robust network of innovative startups. The foundation's impact is evident in its successful track record of fostering growth and development in the entrepreneurial community. By continually investing in the future of women-led businesses and addressing pressing social issues, the Elizabeth Elting Foundation Ventures remains at the forefront of promoting a more equitable and prosperous society.


 


Goals and Purpose

The primary goal of the Elizabeth Elting Foundation Ventures is to empower and advance women-led startups and women-centric businesses in the fields of science and technology. Founded on the principle of fostering innovation and entrepreneurship, the foundation aims to address the systemic barriers that hinder women's access to resources and opportunities in the startup ecosystem.

Through its investment fund and strategic partnerships, the foundation seeks to provide early-stage ventures with the financial support and mentorship needed to thrive. By focusing on performance-based mentoring, the foundation ensures that startups not only receive funding but also gain valuable insights and guidance from experienced industry leaders. This holistic approach is aimed at accelerating the growth and success of innovative businesses led by women, thereby contributing to greater gender diversity and equality in the entrepreneurial landscape.

Furthermore, the Elizabeth Elting Foundation Ventures is committed to promoting economic and social equity through its initiatives. By supporting ventures that tackle critical societal challenges such as healthcare disparities, food security, and environmental sustainability, the foundation aims to create positive and lasting impacts in communities. The foundation's partnership with institutions like New York University's Stern School of Business and the American Heart Association underscores its dedication to driving meaningful change and fostering a more inclusive economy.


 


Impact

The Elizabeth Elting Foundation Ventures has made a significant impact by empowering women-led startups in science and technology. Through targeted investments and mentorship, the foundation has helped these ventures to scale their innovations and bring positive change to various sectors. By supporting businesses that focus on healthcare, biotechnology, and digital technologies, the foundation has contributed to improving access to quality healthcare, developing sustainable solutions, and promoting economic resilience in communities.

Moreover, the foundation's collaboration with institutions like New York University's Stern School of Business and partnerships with organisations such as the American Heart Association have extended its reach and influence. These efforts have not only fostered innovation but also encouraged greater diversity and inclusivity within the startup ecosystem. Overall, the Elizabeth Elting Foundation Ventures continues to make a meaningful impact by supporting women entrepreneurs who are driving forward innovative solutions and creating lasting social and economic benefits.


 


References
Elizabeth Elting Foundation
Leadership team

Liz Elting (Founder and CEO)

Headquarters
New York
Region served
New York
Year stablished
2018
Address
Co Anchin 3 Times Square New York City, NY 10036 United States
Social Media