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.
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.
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.
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)
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