Program Purpose
The New York State Innovation Venture Capital (NYSIVC) Fund is a seed stage and early stage venture capital fund with up to $50 million to support and attract new high-growth businesses. The NYSIVC Fund will provide critical funding to promote the commercialization of new technologies, incentivize economic growth and encourage job creation across NY State.
Program Highlights
The NYSIVC Fund will be comprised of two separate segments:
The Technology Commercialization Segment is designed to facilitate the commercialization of new technologies out of NY State’s universities, attract private sector investment in new research, and launch new businesses with investments of up to $100,000.
The Seed and Early Stage Co-Investment Segment will invest directly in seed and/or early stage companies with an emphasis on strategic industries such as information technology, life sciences/biotech, and relatively underserved areas of the state with investments ranging from $100,000 to as much as $5 million.
All investments by the NYSIVC Fund require at least a 1:1 match from private sources at the time of investment.
