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 focused on providing investment capital for pre-seed stage companies across New York State (“NYS”). 

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Overview

Overview

The Innovation TC Fund operates through a “fund-of-funds” structure in which Investment Managers were competitively selected to provide critical pre-seed funding to incentivize commercialization and new business formation, facilitating the transition of ideas and research into marketable products.

The Innovation TC Fund investment entities will make investments of up to $100,000 per eligible company.

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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 “NYS”; and
  • Able to secure a 1:1 match from private sector funding sources at the time of investment. 

Additional Information

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
Website: www.accelerateli.org
Email: info@ANYseedfund.com

CenterState Growth Innovation TC Fund (Fully Deployed)
Website: www.centerstateceo.com
Email: info@thetechgarden.com   

Excell Partners Innovation TC Fund (Fully Deployed)
Website: www.ExcellNY.com
Email: info@excellny.com   

Z80 Labs Innovation TC Fund
Website: www.z80labs.com
Email: info@z80labs.com   

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