Launch NY has received two grants from New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E), subsidiaries of AVANGRID, Inc. (NYSE: AGR), totaling $150,000. The grants will “fuel” new resources by building upon existing business mentoring programs in Launch NY’s Emerging Cleantech Opportunity (ECO) Incubator.
In just two years of earning eligibility, Launch New York (Launch NY), Upstate New York’s first and only venture development organization to help provide pro bono mentoring and capital access to high-growth potential startup businesses across the 27 westernmost counties of the state, has announced it is the recipient of another grant, this one totaling $168,000 from the U.S. Department of the Treasury’s Community Development Financial Institution (CDFI) Fund, a federal program aimed at increasing lending and investment activity in low-income and economically distressed areas across the nation.
Buffalo Business First
The Buffalo News
Launch New York has received two grants totaling $150,000 from New York State Electric and Gas, and Rochester Gas and Electric.