Launch NY has received a new $200,000 grant from The John R. Oishei Foundation, whose prior awards of $838,000 starting in 2012 fueled the creation and growth of Launch NY to serve over 800 companies with pro bono mentorship as one of the most active sources of seed funding in Upstate NY.
National Grid will contribute up to $250,000 to help Launch NY provide mentoring to cleantech startups and early-stage companies in a variety of areas that include product development, intellectual property, market research, and funding.
This grant builds upon support Launch NY received earlier this year from the New York State Energy Research and Development Authority (NYSERDA), New York State’s energy innovation agency, to operate the ECO Incubator and expand entrepreneurs’ access to resources aimed at accelerating their new clean energy ventures.
When 43 North announced the semifinalists for the 2018 business competition last week, the leadership team at Launch New York (Launch NY) was gratified to see many familiar names from its client list. In fact, the vast majority of Western New York companies that made it to the penultimate round – specifically 11 of them – are working with Launch NY as the first and only venture development organization to provide pro bono mentoring and seed funding to startup businesses across 27 counties in the westernmost part of the state.