The NYU Impact Investment Fund (NIIF) has successfully completed its second investment with a $25,000 investment in SmartGurlz, whose mission is to engage elementary school aged students, in particular girls who are currently underrepresented in STEM (Science, Technology, Engineering and Math), to learn skills in coding. SmartGurlz is a STEM education and entertainment company whose flagship product is a line of friendly, self-balancing robots and action figures that engage and encourage girls to learn code. Connected via smartphone or tablet, SmartGurlz allows girls 6 and up to immerse themselves in STEM. The investment was made in the form of a convertible note and on NIIF’s behalf by ImpactAssets, a Donor Advised Fund.
In 2019, NIIF successfully completed its first investment with a $30,000 investment in Sapient Industries, whose mission is to eliminate waste from our electrical grid using machine learning. Sapient Industries have built the world's first Plug Load Management System, monitoring and controlling the power supplied to each and every device in a building. This ensemble of installed smart outlets and smart power strips is run by a cloud-based dashboard and data collected at each socket, and is used to generate behavioral models that automate efficient delivery of power to devices. The investment was made in the form of a convertible note and on NIIF’s behalf by ImpactAssets, a Donor Advised Fund.