New York Ventures Pre-Seed And Seed Matching Fund

NY Ventures, the state’s venture capital arm for innovative, expanding businesses, supports early-stage technology and start-up companies through the Pre-Seed and Seed Matching Fund Program (NYVPSSF). The Program will offer early-stage businesses equity investments from $50,000 up to $250,000 with matching from the private sector (there must be at least $1 of qualified private sector investment for every $1 NY Ventures invests). In addition to financial support, Empire State Development offers the tools and key introductions needed to help companies reach the next level. This program is administered via a competitive application process and applicant selection will take into consideration multiple factors to assess a company's likelihood to become venture scalable in a manner that aligns with program priorities. NY Ventures invests in diverse teams that are using technology to solve important challenges in areas of strategic interest across the state. Through the Pre-Seed and Seed Matching Fund Program, we are focused on expanding access to venture capital across New York State, particularly for underserved geographies and socially and economically disadvantaged individuals.

Grant Deadline

Deadline not available

Funding Amount

Deadline not available

Type of Grant

Venture Capital, Investment, Funding, Market Expansion

Sectors

Fintech, Artificial Intelligence, Biotechnology, Clean Tech, Technology, Med Tech

Demographics

Incorporation

Government Institution

Perks

Region Restriction

This grant is restricted to whole of United States This grant is restricted to whole of United States

Keywords

development

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

NY Ventures, in alignment with the goals of the SSBCI program, is focused on expanding access to venture capital across New York State. We require companies to be headquartered and have at least one C-suite employee in the state for at least 12 months after investment. This will be a legally binding agreement. We strongly discourage companies from applying if they are not currently based in the state.

Grant Application website

https://nyventuresapply.esd.ny.gov/submit/242684/new-york-ventures-pre-seed-and-seed-matching-fund

Contact

633 Third Avenue – Floor 37

New York, NY 10017

(212) 803-3100

625 Broadway

Albany, NY 12245

(518) 292-5100

95 Perry Street, Suite 500

Buffalo, NY 14203

(716) 846-8200