Launch NY announced it was awarded $150,000 by NYSEG & RGE for new program development for both management and product development.
Upstate New York, September 07, 2017 – Launch New York (Launch NY), a venture development organization (VDO) committed to supporting the success of high-growth potential startups most likely to make significant economic impact in Upstate New York, today announced it has teamed up with successful entrepreneur, Benjamin P. Sayers, founder and former CEO of VoIP Supply, to co-invest $100,000 in Patient Pattern, a Buffalo based health technology startup.
U.S. Department of the Treasury
Launch NY was awarded for the FY 2017 CDFI Program round. The CDFI Fund awarded $171.1 million in Financial Assistance and Technical Assistance to 265 organizations in 46 states and the District of Columbia. The CDFI Program invests in and builds the capacity of CDFIs to serve low-income people and communities lacking adequate access to affordable financial products and services
Buffalo Business First
Since that time, it has become an extremely active funding source in a region that has always lacked early-stage money, investing about $625,000 in 14 companies. In Buffalo, those include Abcombi Biosciences, Accutheranostics, Buffalo Automation, Rachel's Remedy and Patient Pattern.