Innovation Technology Commercialization Fund

Innovation Technology Commercialization Investment Fund

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Objective

Objective

The Innovation Technology Commercialization Investment Fund (the "Innovation TC Fund") is an $8 million pool of capital focused on pre-seed stage companies across New York State.  The Innovation TC Fund operates through a fund-of-funds structure to provide critical pre-seed funding to incentivize commercialization and new business formation, facilitating the transition of ideas and research into marketable products.

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Overview

Overview

The Innovation Technology Commercialization Investment Fund is an $8 million pool of capital focused on pre-seed stage companies across New York State. The Innovation TC Fund operates through a fund-of-funds structure to provide critical pre-seed funding to incentivize commercialization and new business formation, facilitating the transition of ideas and research into marketable products. Four investment entities were competitively selected to manage the fund's activities. The investment entities and their respective targeted regions are listed below.

The Innovation TC Fund investment entities will make investments of up to $100,000 per eligible company, and all require at least a 1:1 match from private sector funding sources at the time of investment.

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Eligibility

Eligibility

To be eligible, companies must be:

  • Engaged in the commercialization of an emerging technology with the potential to achieve significant technical advances and innovation;
  • At the stage of development appropriate for initial equity financing;
  • Located in, or agree in writing to be located in, NYS and have the potential to generate additional economic activity in the State; and
  • Able to secure a 1:1 match from private sector funding sources at the time of investment. 

How to Apply

To apply for the Innovation TC fund, companies or investment partners should directly contact the Innovation TC Fund investment entity in their region to apply for investment.

Accelerate NY Seed Fund
Region(s) covered: Long Island; Mid-Hudson, New York City
Website: www.accelerateli.org
Email: Info@acceleratenyseedfund.com     

CenterState Growth Innovation TC Fund
Region(s) covered: Central NY; Mohawk Valley; North Country; Southern Tier
Website: www.centerstateceo.com
Email: info@thetechgarden.com   

Excell Partners Innovation TC Fund
Region(s) covered: Capital District; Finger Lakes
Website: www.ExcellNY.com
Email: info@excellny.com   

Z80 Labs Innovation TC Fund
Region(s) covered: Western NY
Website: www.z80labs.com
Email: info@z80labs.com   

Please email all general questions to: TCInvestmentFund@esd.ny.gov.