New York State Innovation Venture Capital Fund

New York State Innovation Venture Capital Fund is sponsored by Empire State Development. Provides funding to New York State-based companies for the commercialization of innovative technologies, including those in the SBIR Phase I stage.

NY Launches $50M Innovation Venture Capital Fund | SSTI NY Launches $50M Innovation Venture Capital Fund Last week, New York Gov. Andrew Cuomo launched the New York State Innovation Venture Capital Fund (NYSIVC or The Fund), a $50 million fund that is expected to leverage at least $100 million in private capital to support early stage companies in high growth areas such as advanced materials, clean technology, life sciences/biotechnology, and information technology.

Administered by Empire State Development (ESD), The Fund will be comprised of two segments: The Technology Commercialization Segment works to facilitate commercialization of university technologies through investments of up to $100,000, while The Seed and Early Stage Co-Investment Segment invests between $100,000 and $5 million directly in seed and early stage companies in strategic industries and locations.

The Fund, as part of Gov. Cuomo’s broader economic development strategy, will be coordinated with New York’s other existing business resources and programs, such as: The START-UP NY program, which offers regional tax-free zones to grow businesses; Innovation Hot Spots , regional collaborations offering startups business support services; Centers for Advanced Technology and Centers of Excellence , devoted to university-industry collaborative research, tech-transfer, and commercialization; and, SUNY 2020 Challenge Grants , supporting capital projects at SUNY schools to serve as catalysts for regional economic development All investments by the NYSIVC Fund require at least a 1:1 match from private sources.

Read the press release… The White House report from Office of Science and Technology Policy (OSTP) Director Michael Kratsios, Science: A New Golden Age , first announced in a July 22 Wall Street Journal article, iterates federal R&D policies and practices for FY 2028, outlines an almost industrial policy approach to federal investment, and provides a plan to move federal research programs toward a focus on individual scientists rather than university-based programs.

It calls for more flexible, multidisciplinary, and multi-organizational, team-oriented research projects rather than centers housed within the nation’s research institutions.

$5+ billion in AI funding announced at Genesis Mission summit The White House report from Office of Science and Technology Policy (OSTP) Director Michael Kratsios, Science: A New Golden Age , first announced in a July 22 Wall Street Journal article, iterates federal R&D policies and practices for FY 2028, outlines an almost industrial policy approach to federal investment, and provides a plan to move federal research programs toward a focus on individual scientists rather than university-based programs.

It calls for more flexible, multidisciplinary, and multi-organizational, team-oriented research projects rather than centers housed within the nation’s research institutions. State budget wrap-up: Notable TBED and innovation funding in FY 2027 As revenues continue to tighten, many states entered fiscal year 2027 (FY 2027)—which began July 1 for most—with cautious or constrained spending priorities.

With the exception of South Carolina, all states have now enacted their FY 2027 budgets. Most adopted maintenance‑level or reduced spending plans that limited new recurring expenditures, reduced one‑time appropriations, and reprioritized core services such as Medicaid and education. 1391 W 5th Avenue Ste 323, Columbus OH 43212