NYC Venture Capital Internship Program

Presented by Supermomos, Everywhere Ventures, and CUNY IAR

New York City’s venture capital industry, similar to the STEM sectors, has experienced significant growth in recent years. In 2023, VC firms invested more than $19.6 billion in NYC startups, up from just over $1 billion in 2009. Since 2011, VC firms have invested nearly $210 billion of capital into NYC startups, equal to the combined amounts of London, Singapore, and Hong Kong during the same period.

Program Overview

The NYC VC Internship Program connects NYC-based venture capital firms with pre-screened and pre-trained students from CUNY and other NYC schools for 10-week summer work experiences. Operated by Supermomos in partnership with Everywhere Ventures and CUNY’s Industrial & Applied Research (IAR) Division, the 2025 program will place approximately 20 students in summer internships across 10 or more VC host firms.

Hosting NYC VC Interns

VC firms hosting interns gain added operational capacity in core areas like market research, deal sourcing, due diligence, portfolio support, and fundraising, while also fostering equitable opportunities for the next generation of talented and diverse VC leaders. VC hosts can extend their summer internship or hire students for contract, part-time, or full-time work at the conclusion of the program.

VC hosts must be headquartered in NYC or have Partner-level presence in NYC, with one or more investments in tech or tech-enabled startups in the past year, and can range in fund size and investment verticals.

Mentoring NYC VC Interns

The program also offers a mentorship opportunity for VCs, where participating VC leaders can guide and inspire ambitious students breaking into venture capital; join an exclusive community of VC leaders committed to building a more inclusive NYC; and share their journey and insights at engaging sessions from June through August 2025.

Becoming an NYC VC Intern

Participating students receive full-time paid internships that are relevant to their fields of study and career goals, including in finance and business administration, entrepreneurship, and STEM fields. Students also receive professional development, mentorship, and networking experiences throughout the program.

Addressing Inequities in VC

Despite the recent growth of VC in NYC, this growth has not been equitable. National Pitchbook and Crunchbase data estimates that less than 18 percent of VC investment professionals are women, 5 percent are Latinx, and 1.2 percent are Black. Meanwhile, just 2.1 percent of all VC dollars goes to startups with all-women founders, less than 2 percent goes to startups with Latinx founders, and less than 1 percent goes to startups with Black founders.

As part of its efforts to address such inequities in the venture ecosystem, NYCEDC has launched the NYC Venture Capital Internship Program, which aims to create a more equitable and representative talent pipeline in the venture capital industry.

The program will help talented undergraduate students gain transferable skills and hands-on experiences to prepare them for future careers in the venture ecosystem, while offering VC firms operational capacity and access to a high-quality pool of vetted young talent.

Driving Equity in Tech and VC

The NYC Venture Capital Internship Program builds on the impact of NYCEDC’s Venture Access NYC, launched in 2021 as a series of programs focused on supporting the equitable expansion of NYC’s VC-backed ecosystem. Venture Access programs to date include the Founder Fellowship, which has supported over 160 diverse-led startups in NYC to scale and access investor networks, and the Venture Access Alliance, a growing coalition of more than 100 VC firms working together to expand capital access for underrepresented founders and funders across NYC.