New York State Innovation Venture Capital Fund
The New York State Innovation Venture Capital ("NYSIVC Fund") is a seed and early-stage venture capital fund with $100 million to support and attract new high-growth businesses. The NYSIVC Fund provides critical funding to promote the commercialization of new technologies, incentivize economic growth, and encourage job creation across New York State ("NYS").
NYSIVC Fund Highlights:
The NYSIVC Fund invests directly in seed and/or early-stage companies with an emphasis on strategic industries such as information technology, life sciences/biotech, and relatively underserved regions of the State with investments ranging from $100,000 to as much as $5 million. All direct investments by the NYSIVC Fund require at least a 2:1 match from private sources at the time of investment.
The Fund also invests through a fund-of-funds structure in the commercialization of new technologies emerging from universities and research labs across NYS with individual investments of up to $100,000. All technology commercialization investments by the NYSIVC Fund require at least a 1:1 match from private sources at the time of investment. (A list along with contact information of selected investment entities will be forthcoming)
Company Eligibility Requirements:
Seed and early-stage small businesses may be eligible for investment funds if they are:
Located in, or agree in writing to be located in NYS and have the potential to generate additional economic activity in the State, and,
In an emerging technology field and are achieving, or have the potential to achieve, technological advances and innovation.
NYSIVC Fund's Industry Investment Focus:
- Clean Technology, Electronics/Instrumentation, Healthcare Services, Industrial/Energy, Internet/Web Services, Media and Entertainment, Medical Devices/Equipment, Nanotechnology, Networking and Equipment, Security, Semiconductors, Software, Telecommunications
To apply for NYSIVC investment funds, please log onto https://submit.mydealflow.com/esd and submit your company information.