February 23, 2021
Launch NY February 2021 Newsletter
Scalable Businesses Across All High-growth Industries The road to building a new startup company is fraught with bends and valleys for all entrepreneurs, but for Black founders, who receive only 1% of venture capital invested in the country annually, embarking on a business that wants to “go big”– generating tens of millions of dollars in product sales in a year or more – the navigation can be especially tough. That’s why Launch NY continues to be a go-to resource for Black entrepreneurs to access both expert business coaching and #InvestLocal financing.
Quincy Allen, capping recent expansion of Launch NY’s Board of Directors as the newest addition, has over 35 years of leadership experience in the technology services industry and community leadership. He most recently serving as IBM’s go-to-market leader of Cognitive Process Services and chief marketing officer for IBM Cloud from 2015 to 2018. Allen is currently on the board of Office Depot and is an advisor for the Ain Center for Entrepreneurship at the University of Rochester.
A huge congratulations to our longstanding team member and Emerging Cleantech Opportunity (ECO) Incubator Program Coordinator, Danielle Blount, for making Buffalo Business First’s 30 under 30! Danielle began her journey at Launch NY during her UB MBA studies as an intern in the summer of 2015, and she continues to support our innovative high-growth startups and our overall organizational efforts!
Thank you Danielle for your hard work, dedication, and leadership that have fueled Launch NY’s tremendous growth to serve our entrepreneurial community with ever-better resources!
Another huge congratulations to our President & CEO, Marnie LaVigne, PhD, for being recognized in Buffalo Business Journal’s Power 250! With her leadership and vision, Launch NY hit multiple milestones in 2020, mentoring and funding more companies than ever and engaging with hundreds of investors to close its first for profit LP Fund and make its first investments from its Investor Network, the first and largest on demand digital platform helping funders #InvestLocal. All this on behalf of growing the startup community in Upstate NY!
Launch NY portfolio company, Casana Care, formally Heart Health Intellegence, was recently featured in a Forbes Article about their at home medical monitoring device, The Heart Seat™.
Launch NY Founder’s Go Big company, dooProcess, will be releasing their new collection of hoodies and T-shirts this Sunday, February 28th. The company gives 15% of its profits to non-profit organizations. To read more about the company, see their most recent article in the BKReader.
WeRadiate recently received a $25,000 grant from NextCorps to support manufacturing of hardware and software technology to improve soil health.
Divvyd is now the new name and face of OpenBottle. An app that was once strictly wine now offers even more options that allows consumers to reserve food, wine, beer, whiskey and more!
Catch up here! – “High Growth Entrepreneurship from the Perspective of Black Founders” We cover new topics every month! Join us every third Wednesday of the month! Next twitterchat is January 27th! #LaunchHour TwitterChats are monthly virtual chats featuring important topics for startups, entrepreneurs, investors, and ecosystem stakeholders.
MyRetreat – Anaghe Atelier – Jesse Mack – Arkatecht – dooProccess – Agape – AireXperts – Kanga Klothing
Read the full conversation here
Q5. Statistics show that African-American Founders make up only 1% of the recipients of venture capital (VC) in the US. What steps should be taken to increase this?#LaunchHour
A6. I started as full-time entrepreneur right before the pandemic. I needed a solid foundation and systems to remain nimble in the marketplace. I also ramped up Social Media marketing and it has been paying off.
@MYRetreat1: A6. We listened to B2C2B customers who asked for our Chocolate Mindfulness App to be developed. We have taken the learnings from in-person Chocolate Mindfulness Retreats and produced quality bite-sized virtual retreats. #LaunchHour