VC/ED  Innovation Venture Capital Fund

https://esd.ny.gov/innovation-venture-capital -fund





     Office Locations:

633 Third Avenue
New York, NY 10017
Phone: 212-803-3100

 

Stages:

  • Early
  • Seed


 

Industries:

  • Energy & Clean Tech
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial
  • Medical Device
  • Software & Internet

  •  

    Description:

    The Innovation Venture Capital Fund is a $100 million venture capital fund that invests in seed and early stage businesses throughout New York State. The Fund provides critical funding to promote the commercialization of new technologies, encourage job creation and drive economic growth. The Fund focuses on Series A investments and considers occasional and opportunistic seed rounds. The Fund provides capital for first-time CEOs and/or founders and consider industry segments and geographic regions not adequately served by the venture community. The Fund makes direct equity investments in companies with an emphasis on strategic industries such as information technology, life sciences, clean energy, and advanced manufacturing. Initial investments typically range in size from $500,000 to $1.5 million. All investments by the Fund require at least a 2:1 match from private sources at the time of investment. Companies must be located in, or agree in writing to be located in, New York State and have the potential to generate additional economic activity in the State; and participate in an emerging technology field and are achieving, or have the potential to achieve, technological advances and innovation. Investments are focused on industries where NYS has particular strengths or those that are strategically important. These include: Information Technology- hardware, software, and technology-enabled services; Life Sciences - pharmaceuticals, diagnostic and medical devices; Clean energy - energy generation, management and storage; Advanced Manufacturing - materials, processes or equipment.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription or New York Database subscription.
    Brian Keil Managing Director

     

    Portfolio companies include:

     

    Recent News:


      There is no recent news for Innovation Venture Capital Fund.