January 2, 2020

Announcing First OZ Investor Network Company, Invitation to Invest Local Cocktail Reception, Launch NY Companies Win Big at Grow-NY and More

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Investor Network: The First Opportunity Zone Eligible Company  I November 27, 3-6pm Invest Local Cocktail Reception I Launch NY’s Grow-NY Winners I Investor Network Webinars: Free Network Sign Up Ends Dec. 31 TwitterChat: Finding the Next Unicorn EIR Rich Delmerico I Meet Launch NY Portfolio Companies


Announcing the Next Six Investor Network Startups:
3AM Innovations, Opportunity Zone 
Eligible 

Patrick O’Connor, CEO at 3AM Innovations

Heard of the new Opportunity Zone tax incentive allowing investors to reinvest capital gains to benefit their community while receiving returns? For its second round of investments, Launch NY’s Investor Network, the region’s first and only on demand digital marketplace exclusively serving Upstate New York’s entrepreneurial ecosystem, is giving funders a chance to support another six startups, including its first Opportunity Zone-eligible company, 3AM Innovations.

3AM Innovations has created a wearable tracking solution for first responders called FLARE, which tracks and monitors first responders in the field.

With headquarters in a Buffalo, NY Opportunity Zone, 3AM worked with Launch NY to qualify their eligibility as a Qualified Opportunity Zones Business, allowing investors to receive tax benefits for investment through an Opportunity Fund, one of the first in the region to fuel an operating business. Forty percent of Launch NY’s current seed fund portfolio companies are located in designated Opportunity Zones offering tax benefits that include deferral and elimination of tax obligations on capital gains.


This Wednesday! Invest Local Cocktail Reception

Wednesday, November 27 from 3:00 PM to 6:00 PM

Meet Launch NY’s portfolio companies and investment team the day before Thanksgiving, 11/27 from 3:00 PM – 6:00 PM at the new Resurgence on Chicago Street, in Buffalo, NY. Kick off the holiday season with an informal meet-n-greet with our startups and investors. Learn more about our Invest Local Financing Programs for accredited investors.

We welcome family, friends, and colleagues to celebrate the power of #InvestLocal!

Details:
Wednesday, November 27, 2019 from 3:00 PM – 6:00 PM EST
Resurgence Brewing Company, 55 Chicago Street, Buffalo, NY 14204


Three Launch NY Companies Win Big at Grow-NY

Congratulations to
Launch NY Portfolio and Client Companies for Winning at Grow-NY:

Capro-X
Combplex
The Perfect Granola

Grow-NY is an unprecedented food and agriculture business competition that identifies, supports and, funds the top food, beverage and agriculture innovations across the globe. Four of Launch NY’s Entrepreneurs-in-Residence (EIRs) participated as mentors throughout the competition.


Investor Network Webinar Series
Next Session: Tuesday, November 26 at 12:00 PM

Start on the path to investing locally by joining Launch NY’s Investor Network and take advantage of our free sign up through the end of the year. To learn more, join our 30 minute webinar series which provides a brief overview and introduction for accredited investors.



LaunchHour TwitterChats are monthly virtual chats featuring important topics for startups, entrepreneurs, investors, and ecosystem stakeholders.

Check out our archive for past TwitterChats filled with tips like those below. See you at the next #LaunchHour TwitterChat on Wednesday, December 18th

November #LaunchHour TwitterChat:
Finding the Next Unicorn – Investing in Upstate NY

Q:  Besides having a billion dollar evaluation, what makes a unicorn? #LaunchHour

A: Scalability and sustainability. The Company has to be trending with increasing revenues and should be showing high growth trajectory without purely the addition of more humans #LaunchHour
– Lindsay Karas Stencel (@LKS_Law)

A:  An ability to scale quickly, but also smartly! The startup should have a truly unique solution to solving a particular problem, and a strong team that can execute.#LaunchHour
– 43North (@forty3north)

Meet Launch NY’s Entrepreneurs-in-Residence

Rich Delmerico is a proven entrepreneur has over 30 years of experience as a top performing technology and business professional, with extensive and successful leadership expertise from startup to Fortune 100 companies