New York Ventures

New York Ventures

Venture Capital and Private Equity Principals

New York, New York 2,107 followers

Driving entrepreneurial innovation and growth in NYS

About us

New York Ventures, a division of Empire State Development, is an early-stage venture capital fund that invests in high growth start-up companies that are led by diverse entrepreneurial teams, across all regions of New York State. We administer the state’s innovation investment funds by partnering with entrepreneurs to build the future of New York, prioritizing companies that solve important challenges in the areas of climate change, agriculture, healthcare, education, information sciences and other emerging technologies. More than 43% of the 25 companies in our current portfolio are women or minority-founded businesses. We’ve also launched three fund-of-funds through a program responsible for investments in an additional 140 emerging-growth startups in New York State. We co-invest with a wide variety of large and small funds to leverage NYS dollars for the benefit of all New Yorkers resulting in successes across a range of companies and industries—from Plated and Rgenix to Spincar and Agronomic.

Website
https://esd.ny.gov/venture-capital
Industry
Venture Capital and Private Equity Principals
Company size
2-10 employees
Headquarters
New York, New York

Updates

  • View organization page for New York Ventures, graphic

    2,107 followers

    Our managing director, Jennifer Tegan, will be in Buffalo for the 43North Finals. We are looking forward to seeing everyone across the venture capital and startup ecosystems who can attend. For more details, please see below: https://lnkd.in/emKBxp3M  

  • View organization page for New York Ventures, graphic

    2,107 followers

    Our managing director, Jennifer Tegan, will be a guest judge at the upcoming Innovation Night featuring the GENIUS NY Pitch Finals on October 28th in Syracuse! We're excited to meet Genius's new drone companies and support innovation in Central New York. Read more below to learn about the event. https://lnkd.in/eG5dJJ4m  

    View organization page for GENIUS NY, graphic

    1,916 followers

    Let’s meet our guest judges for Innovation Night featuring the GENIUS NY Pitch Finals! This incredible group brings a wealth of experience in #UAS, venture capital, startup scaling, and innovation, all with strong ties to Central New York. Their expertise will help us select the next $1M grand prize winner. Don’t miss your chance to connect with industry leaders and see which startup takes home the big prize on October 28. Get your tickets here 👉 https://lnkd.in/d_xnUt6a Pete Mathias | Somak Chattopadhyay | Jennifer Tegan | Kevin May | Charles Green | Mariah Murray CenterState CEO

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    Our Rochester-based portfolio company, Sign-Speak, was recently featured in Forbes, showcasing the team’s use of AI to improve accessibility for Deaf and Hard of Hearing individuals by using AI-powered technology to offer real-time sign-language recognition, voice translation and captioning services. Read more about the team’s efforts below: https://lnkd.in/ePEnG5Ja

    Inside Sign Speak’s Mission To Make Accessibility Out Of American Sign Language And Artificial Intelligence

    Inside Sign Speak’s Mission To Make Accessibility Out Of American Sign Language And Artificial Intelligence

    social-www.forbes.com

  • View organization page for New York Ventures, graphic

    2,107 followers

    Congratulations to our portfolio company, itselectric, which, in partnership with the Trust for Governors Island, has installed five EV charging posts to power the island’s transition to a fleet of zero-emissions operational vehicles. The initiative is a positive step toward the infrastructure modernization of the island, located in New York Harbor, and showcases how cities can adopt electric vehicle technology.   Read more below: https://lnkd.in/egJVi54P

    View organization page for itselectric, graphic

    6,464 followers

    ⚓️ Ahoy #NYCW! Announcing our partnership with the Trust for Governors Island And our funding from New York Ventures / Empire State Development. Fully allowing us to support the Trust’s work towards a zero-emis­sions fleet of oper­a­tions vehi­cles. This col­lab­o­ra­tion reflects our mis­sion to address press­ing cli­mate chal­lenges by lever­ag­ing exist­ing infra­struc­ture in any urban envi­ron­ment — from a 172-acre, car-free island to the biggest cities in the country. “Our part­ner­ship with the Trust for Gov­er­nors Island is a tes­ta­ment to the way enti­ties of any size can lead progress toward decar­boniza­tion through break­ing down bar­ri­ers to EV adop­tion,” said Judy Chang Project Direc­tor at its­e­lec­tric. “We’re proud to bring our sleek urban charg­ers, deploy­able in just days, to the Island in sup­port of its tran­si­tion to an all-elec­tric oper­a­tions fleet, mak­ing the air even clean­er for every­one who vis­its.” “This new part­ner­ship with its­e­lec­tric is the per­fect exam­ple of what’s pos­si­ble here on Gov­er­nors Island, enabling us to mod­ern­ize our fleet of oper­a­tions vehi­cles while dra­mat­i­cal­ly cut­ting our emis­sions and demon­strat­ing the excit­ing future of cli­mate solu­tions for New York City and cities around the world.” said Clare Newman, Pres­i­dent and CEO of the Trust for Gov­er­nors Island. Empire State Devel­op­ment Pres­i­dent, CEO and Com­mis­sion­er Hope Knight said, “Empire State Development’s $500,000 seed invest­ment in ‘it’s elec­tric’ through NY Ven­tures is already bear­ing fruit, as evi­denced by this excit­ing deploy­ment on Gov­er­nors Island. By back­ing inno­v­a­tive cli­mate tech­nolo­gies like their com­pact charg­ing sta­tions at an ear­ly stage, we’re not only pow­er­ing the island’s elec­tric fleet but also dri­ving for­ward New York’s com­mit­ment to clean ener­gy. This project rep­re­sents promis­ing progress since our ini­tial invest­ment, and we hope it’s just the first of many future deploy­ments across New York State.” https://lnkd.in/exhr63zm #NYCW #toottoot!

  • View organization page for New York Ventures, graphic

    2,107 followers

    Congratulations to our portfolio company, C16 Biosciences which has been awarded funding by the United States Department of Defense. This award is an exciting milestone for the company and will be used to fund domestic production of C16's sustainable, edible oils. Read more below: https://lnkd.in/esZ33MUr

    View organization page for C16 Biosciences, graphic

    8,834 followers

    We're excited to announce that C16 has been selected by the United States Department of Defense for an award via the Distributed Bioindustrial Manufacturing Program (DBIMP) as part of The White House Executive Order 14081, "Advancing Biotechnology and Biomanufacturing Innovation for a Sustainable, Safe, and Secure American Bioeconomy," aimed at bolstering America's bioeconomic strengths while helping the Department achieve advanced defense capabilities. This is an exciting step forward for both the industry and for C16, and we will use this funding to plan a commercial-scale FOAK facility that would establish domestic production of sustainable, edible oils from yeast. https://lnkd.in/eZMnuTDV

    DoD Releases 12 Awards for Distributed Bioindustrial Manufacturing Program

    DoD Releases 12 Awards for Distributed Bioindustrial Manufacturing Program

    defense.gov

  • View organization page for New York Ventures, graphic

    2,107 followers

    Congratulations to Marnie LaVigne, PhD, President & CEO of Launch NY, for being named one of Buffalo’s Business First’s 2024 Women of Influence. We are proud to support her Buffalo-based venture development organization and her exemplary work to empower entrepreneurship across Upstate New York – and we look forward to our continued partnership. Read more below: https://lnkd.in/eg6XpZUG

    View organization page for Launch NY, graphic

    4,436 followers

    🎉 Launch NY proudly congratulates our President & CEO, Marnie LaVigne, Ph.D., on being named one of Buffalo Business First's 2024 Women of Influence! 🏆💼 Marnie’s incredible leadership and dedication to empowering entrepreneurs across our region were celebrated at yesterday’s event, and we couldn’t be prouder to see her receive this well-deserved recognition. Congratulations to all of the winners fo this year's awards!

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  • View organization page for New York Ventures, graphic

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    Congratulations to our portfolio company JelikaLite, which was awarded a $959,000 grant by the National Science Foundation (NSF). JelikaLite is developing a non-invasive therapeutic device for children with autism. The grant will help the company to finalize its clinical prototype and implement its platform for personalizing treatments. Read more about this exciting update below!  https://lnkd.in/e36mWU39

    View organization page for JelikaLite, graphic

    570 followers

    We are thrilled to announce that JelikaLite has been awarded a 2-year, $959,000 National Science Foundation (NSF) grant to develop a non-invasive therapeutic brain stimulation medical device to improve the communication, responsiveness, and social integration of autistic children.  The project's objectives are to finalize the current clinical prototype into a manufacturing-ready product and implement a platform for personalizing transcranial photobiomodulation (tPBM) treatment based on individual sensor -derived patient characteristics. Results could enrich scientific knowledge through personalization, monitoring, and data aggregation of neurological measures for further elucidating the mechanisms of autism and enhancing the efficacy of other therapies. Read more here https://lnkd.in/e23Yj74y.  This achievement not only marks a significant milestone for JelikaLite but also serves as a strong endorsement of our pioneering approach in the medical field. The grant will enable us to accelerate our development, expand our team, and bring this transformative technology closer to the families who need it. We extend our heartfelt thanks to the NSF, our investors, and all stakeholders for their invaluable support. Your belief in our vision is crucial as we work together to create a brighter future for autistic children and their families. We are eager to continue this journey and are deeply grateful for the ongoing support from our community. Together, we are making a meaningful impact!

    SBIR Phase II: EEG-guided intelligent transcranial photobiomodulation to reduce symptoms of autism

    SBIR Phase II: EEG-guided intelligent transcranial photobiomodulation to reduce symptoms of autism

    nsf.gov

  • View organization page for New York Ventures, graphic

    2,107 followers

    Our portfolio company Qunnect was recently highlighted by Gizmodo for the significant progress it has made in the field of quantum networks. The team’s recent project in New York City marks a significant advancement in the development of quantum communication infrastructure, demonstrating important progress toward secure, widespread quantum networking and enhancing cybersecurity capabilities. Read about these developments below:   https://lnkd.in/eCjp6EYR

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    Our portfolio company, Cayuga Biotech, has announced positive preclinical data for its PolyP-SNP Complex therapy aimed at treating life-threatening hemorrhages. The team’s breakthrough has the potential to address major causes of death of severe bleeding, especially in battlefield injuries. Read more about the developments below: https://lnkd.in/dHFFD-5B

    Cayuga Biotech Announces That PolyP-SNP Complex Data Demonstrate Potential to Address Top Causes of Death from Hemorrhage After Battlefield Injury

    Cayuga Biotech Announces That PolyP-SNP Complex Data Demonstrate Potential to Address Top Causes of Death from Hemorrhage After Battlefield Injury

    businesswire.com

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    Read about the breakthrough in tissue engineering from our portfolio company FesariusTherapeutics and its founder, Dr. Jason Spector. The team's novel approach to ear restoration represents an exciting advancement in the field of regenerative medicine. https://lnkd.in/eKHh7ApY

    View organization page for Fesarius Therapeutics, graphic

    526 followers

    It's a moment of pride for Fesarius as we celebrate Dr. Jason Spector's latest breakthrough in tissue engineering. His relentless pursuit of innovation has led to significant advancements in regenerative medicine, impacting countless lives. Congratulations, Dr. Spector, on your unwavering commitment to excellence and your continuous contributions to the medical field. Your work not only embodies the spirit and culture here at FesariusTx, but also sets a benchmark for healthcare innovation worldwide. 🔬🩺 🌟 #Innovation #Healthcare #TissueEngineering #FesariusTherapeutics #FesariusTx

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