Innovate NY Fund
Program Purpose
The Innovate NY Fund is a new $26 million seed stage equity
fund to support innovation, job creation, and high growth
entrepreneurship throughout the state.
Four to six competitively selected investment funds will receive approximately $4 to $5 million to invest in technology companies and other high growth firms.
All
contracted investment funds must secure at least a 2:1 match
from private sources on its aggregate portfolio at the time
of investment.
SSBCI funding may not exceed $500,000 per investment or
$750,000 in the case of any individual biotechnology related
company.
Participating Investment Funds
A Request for Proposals (RFP) to select investment entities has been released, and is due by 4pm on February 21, 2012
Request for Proposal Documents (please download all
documents):
- EXHIBIT I Innovate NY RFP
- EXHIBIT II Innovate NY RFP
- EXHIBIT III Innovate NY RFP
- ATTACHMENTS A, B, and C Innovate NY RFP (this is an Excel spreadsheet)
- ATTACHMENT V
- ATTACHMENT W
- ATTACHMENT X Innovate NY RFP
If you elect to respond, all information is required, and one unbound hard copy, four bound hard copies, AND a copy of the proposal on a CD or USB device must be received no later than February 21, 2012 by 4:00 PM and should be sent to:
Empire State Development
Innovate NY Fund Proposal
Attention: Sharon Rutter, Director
633 Third Avenue
New York, NY 10017
Contact Information
For Innovate NY RFP questions, please email
InnovateRFP@esd.ny.gov
RFP Questions & Answers:
