July 10, 2023
LAUNCH NY INTRODUCES A NEW LOOK AS IT HITS A CLIENT SERVICES MILESTONE
On the heels of celebrating its 10th anniversary,
Launch NY is marks mentoring 1,500 startup companies with a new logo
Buffalo, N.Y. – Launch NY, the first and only nonprofit Venture Development Organization to provide pro bono mentorship and seed capital access to early-stage startups in the 27 westernmost counties of New York State, is commemorating the start of its second decade of service and reaching a milestone of 1500 receiving its pro bono mentorship services since 2012 with a new look for its brand, including a new logo.
“We’re bringing more commitment and resources than ever to our mission: creating inclusive prosperity in our region by supporting and investing in new economy entrepreneurs and high-growth startups,” said Marnie LaVigne, Ph.D., President and CEO of Launch NY. “Our new logo and branding reflect a renewed, redoubled effort to continue serving hundreds of promising founders every single year with programming that helps them ‘lift off’ and become investment ready from Launch NY’s funds, including the most active seed fund in New York State, and other investors.”
Launch NY provides pro bono mentoring through its diverse group of Entrepreneurs-in-Residence (EIRs), comprising dozens of subject matter experts who are adept at working with high-growth startup companies. Additionally, Launch NY has a National Mentor Network that includes access to over 400,000 more business, technical, and industry experts for consultation tailored to the needs of each business supported by Launch NY.
Launch NY introduced its new logo and branding elements in its 2022 Annual Report [LINK] and on its website, and it will be featured in its outreach encouraging high-growth potential startup companies to apply for support at launchny.org.
About Launch NY:
The mission of Launch New York, Inc. (Launch NY), the only U.S. Treasury-designated Community Development Financial Institution (CDFI) directly providing venture funding to businesses in New York State, is to identify, support and invest in high-growth, high-impact companies that can transform the local economy and catalyze the entrepreneurial culture in the 27 counties comprising the western half of Upstate New York. Launch NY is a 501(c)(3) nonprofit venture development organization that promotes economic development through best practices, including high-quality pro bono business mentoring, while operating the most active seed fund in New York State and one of the top 5 nonprofit seed funds in the country that provides access to seed capital as part of an array of #InvestLocal financing programs designed to facilitate funding for investment-ready companies which have the promise to drive significant economic impact and jobs for our region.
Launch NY is headquartered in Buffalo and has co-locations with partner organizations in Binghamton, Ithaca, Rochester, and Syracuse. Since 2012, it has served 1,508 companies, has more than 30 experienced local entrepreneurs-in-residence and its National Mentor Network of 2,000 industry, business, and investment experts. Launch NY has mentored companies, including 29% women-led and 29% minority-led startups, which have created 4,977 jobs, attracted nearly $1.3 billion in co-investment and follow-on capital after joining Launch NY and generated nearly $220 million in annual revenues.
Launch NY’s #InvestLocal Financing Programs include a nonprofit fund and for-profit limited partner funds. To date, Launch NY has invested over $9 million in 88 startup companies that have created more than 500 jobs, attracted nearly $198 million in follow-on funding, and generated nearly $60 million in annual revenues. Additionally, Launch NY’s Investor Network Network has provided more than $1.69 million in funding and commitments to 16 Upstate New York startup companies in 19 transactions.
Launch NY also leads the premier Emerging Cleantech Opportunity (ECO) Incubator, one of six designated clean energy incubators sponsored by the New York State Energy Research and Development Authority (NYSERDA), as well as the Founders Go Big program, an innovative diversity and inclusion initiative introduced in 2020.