The grant will support a new Investor Network to increase access to equity capital in Upstate NY, building on the success of Launch NY’s Seed Fund, a nonprofit fund that started in 2016 and uses grants and donations to invest in startup companies with amounts ranging from $25,000 to $100,000.
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.
Niagara Frontier Publications
University at Buffalo
All of these initiatives were launched in the past five years or so, complementing efforts by regional partners such as Launch NY and 43North, the $1 million startup competition that has raised the profile of Buffalo Niagara’s startup economy nationwide.