Venture & Equity Capital
43North
The world’s largest business idea competition, located in Buffalo, gives out $5 million in cash prizes each year to some of the best and brightest entrepreneurs and startups from around the globe. Winners agree to locate here for a minimum of 12 months and are offered incubator space, which is located in the heart of the Buffalo Niagara Medical Campus. 43North co-locates with Z80 Labs, an internet startup incubator, and are adjacent to the dig co-working space, creating an entrepreneurial cluster.
Launch NY
The region’s Venture Development Organization (VDO) providing proof of concept funding and support to high-growth potential early-stage companies the following industries: advanced manufacturing, consumer goods & services, mobile technology, clean energy, medical devices, IT and web technology, nanotechnology, and life sciences & pharmaceuticals. Launch NY provides entrepreneurs experienced mentoring using best practice processes and connections to specialized resources both in and beyond the Upstate NY ecosystem.
Innovate NY
Business equity fund with up to $45 million to support innovation, job creation, and high growth entrepreneurship throughout the state. All contracted investment funds are required to secure at least a 2:1 match from private sources on its aggregate portfolio at the time of investment. Innovate NY funding may not exceed $500,000 per investment or $750,000 in the case of any inpidual biotechnology related company.
NYS Innovation Venture Capital Fund
Seed stage and early stage venture capital fund with up to $50 million to support and attract new high-growth businesses. The NYSIVC Fund will provide critical funding to promote the commercialization of new technologies, incentivize economic growth and encourage job creation across NY State through two separate segments: The Technology Commercialization Segment or the Seed and Early Stage Co-Investment Segment. All investments by the NYSIVC Fund require at least a 1:1 match from private sources at the time of investment.