Innovate NY Fund

Innovate NY Fund Program

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The Innovate NY Fund was designed to provide investment capital in seed stage businesses supporting innovation, job creation and high-growth entrepreneurship throughout New York State (“NYS”).  The program was supported by a $35.6 million from US Department of Treasury grant and $10.3 million from Goldman Sachs.

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The Innovate NY Fund operates through a “fund-of-funds” structure in which Venture Capital investment managers were competitively selected to manage the seed-stage investments on a statewide basis. 


Since its launch in December 2012, the Innovate NY Fund has made investments in 81 NYS companies. The Fund's capital was matched with over $323 million in private sector investment funding, yielding more than $277 million in investment capital for these startup and seed-stage companies. This led to the retention and creation of 2,250 job opportunities for NYS.

Participating Investment Entities:

Cayuga Ventures (
Excell Partners (
ff Venture Capital  (
Golden Seeds (
Partnership Fund for New York City (
SCP Incubators / Z80 Labs (
Stonehenge Growth Equity Partners  (

Additional Information

The funds have been fully deployed and it is no longer actively investing.

Contact Information

Sharon Rutter
Sr. Director

Check to see if you are eligible for our other investment fund: