Emerging and Regional Partner Program Fund

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Objective

The State Small Business Credit Initiative (SSBCI) is providing $102 million for the Emerging and Regional Partner Program Fund (“Program”) to support the growth and establishment of diverse and emerging private sector and regional fund managers. 

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Overview

The goal of the emerging manager program is to find and develop the next wave of extraordinary, high-performing diverse and regional managers who are operating within and supporting NYS innovation businesses. Public funding will be matched by private funding to support investments in high growth businesses.  Companies whose leadership and focus areas are reflective of diverse modalities are encouraged to apply.  

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Eligibility

  • Emerging private sector and regional fund managers raising Fund I, II or III 

  • Demonstrated ability to raise a minimum of $10M 

  • Program dollars may not represent greater than 25% of venture fund committed capital 

  • Resources, expertise and intent to invest in companies that are located in NY 

  • Target investment sectors that are technology related or high growth oriented (i.e., life sciences, advanced manufacturing, information technology) 

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How to Apply

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

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Contact

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