We're excited to welcome three new companies to our Pre-Seed and Seed Matching Fund portfolio! Welcome Dentite, The Renatural, and Calder Biosciences Inc.! We're thrilled to support such a strong and diverse group of companies across the state.
New York Ventures
Venture Capital and Private Equity Principals
New York, New York 2,128 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
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https://esd.ny.gov/venture-capital
External link for New York Ventures
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 2-10 employees
- Headquarters
- New York, New York
Updates
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We were proud to host our first event with Google last week focused on investing in sustainability and AI. Thank you to Samantha Rodriguez and Jason Leder for all your support in putting this great event together. And thank you to our amazing panel: Jenny Fielding, Katy Bolan, James Gettinger, and Micah Kotch.
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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
Buffalo’s biggest night is almost here! Did you secure your FREE tickets?! Join us this Thursday, October 10th, 2024, at Shea's Performing Arts Center for the 10th edition of 43North Finals! Get your FREE tickets today. GET FREE TICKETS: https://bit.ly/4duD2di
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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
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
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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
⚓️ 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!
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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
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
defense.gov
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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
🎉 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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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
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
nsf.gov
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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
We are making New York quantum, one entangled photon at a time! To learn more, read in depth, amazing article by Isaac Schultz on Gizmodo about the work Qunnect has been doing in NYC. FYI, we're already gearing up for the next quantum networking demo under the streets of New York, this time in Manhattan 😎🗽
What to Know About the Quantum Network Buried Under New York City
gizmodo.com