Venture & Equity Capital
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.
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.
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.