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.

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.

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.

How to Apply

For details on how to apply to Community and Regional Partner Program Fund, click here to view the Request for Applications.

Contact

For information about the program, contact: [email protected]