Community and Regional Partner Fund
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Objective
The Community and Regional Partner Fund, with $52 million in SSBCI funding, will provide up to $5 million in matching funds to accelerators, venture studios, and/or incubators providing structured programmatic support to New York State entrepreneurs with high growth potential.
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Overview
- Through the State Small Business Credit Initiative (SSBCI) funding, ESD is offering applicants a 1:1 match to make investments in early-stage New York companies.
- For every dollar of SSBCI funding requested, applicants must demonstrate a dollar of private funds raised.
- The applicant should advance the pace of growth, de-risk companies, and recruit scalable companies to New York State.
- Applicants should support the growth of companies after investment including by supporting future funding rounds and utilizing their network and industry contacts.
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Eligibility
- Demonstrated ability to leverage the New York State innovation ecosystem to ensure successful acceleration and out-paced growth of early-stage companies.
- Robust network and ability to identify partners and partnerships that will be provide additional outreach or support.
- Ability to de-risk investible companies through mentorship-driven programming.
- Proven ability to track, measure, and report on outcomes associated with the program implement to ensure appropriate use of funds.
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How to Apply
For details on how to apply to Community and Regional Partner Program Fund, click here to view the Request for Applications.