Launch NY Newsletter – December 2018


Launch NY

Launch NY News & Updates Upcoming Events
Launch NY COO & Fund Manager Named Early Stage Dealmaker of the Year

Congratulations to our COO & Fund Manager Lindsay Karas Stencel who was named Upstate Capital Association of New York’s 2018 Early Stage Dealmaker of the Year at the 3rd Annual Awards Celebration in Rochester, NY! Lindsay has helped lead the Launch NY Seed Fund to become the most active seed fund in Upstate NY, closing 22 transactions in 2018, and investing in a total of 33 companies with over 120 co-investors since 2016.

Launch NY Awarded $300,000 to Support New Investor Network

Launch NY was awarded a second consecutive EDA Regional Innovation Strategies (RIS) Seed Fund Support grant to build a new Investor Network to increase access to equity capital in Upstate NY, building on the success of Launch NY’s Seed Fund, the most active seed fund in Upstate NY, investing in 33 of our region’s most promising startups with over 120 co-investors since 2016. The new investor Networks seeks to grow the pool of co-investors and support their desire to invest local.

Are you interested in learning more about the new Investor Network? Contact us today.

Do You Want to Help Entrepreneurs Reach Their Goals in 2019? Launch NY Has Made Giving Easy

Launch NY makes it easy to pay it forward to promising entrepreneurs with your time, talent, and/or treasure with these options:

1. Donation Options

2. Want to learn about Launch NY’s new Investor Network? Contact us today for more information!

3. Interested in using your business expertise and/or technical skills to help high-growth startups? Learn more about hands on mentorship opportunities. 

Join us Wednesday, December 19th at Noon for #LaunchHour TwitterChat for Launch NY Startups’ 2018 Year in Review

Want to meet the companies Launch NY has invested and mentored this year? Join us on Wednesday, December 19, 2018 to hear from several Launch NY clients on their recent successes, lessons learned, and goals for 2019! Never joined a TwitterChat before? It’s easy, just follow @Launch_NY on Twitter and use the hashtag #LaunchHour to see the discussion. Enjoy the conversation and jump in with tweets anytime.

December 19, 2018

#LaunchHour TwitterChat: Launch NY Clients’ 2018 Year in Review
12:00 – 1:00 PM

December 19, 2018
BAIL Series Part 4: Lawyers
12:00 – 1:30 PM
Syracuse, NY

January 7, 2019
Marketing Mavens – Part 1
12:00 – 1:30 PM
Syracuse, NY

January 9, 2019
Ignite Buffalo: Innovation Work Session
8:30 – 10:00 AM
Buffalo, NY

January 10, 2019
Startup Drinks
6:00 – 9:00 PM
Rochester, NY

January 16 – 17, 2019
NYS Economic Development Council Conference
Albany, NY

January 26, 2018
Hardware Cup Pitch Competition
8:00 – 5:00 PM
Rochester, NY

January 30, 2018
Networking @ Rev: Hardware Heroes
6:00 – 8:30 PM
Ithaca, NY

Upcoming Programs & Grants:

76West 2019 Application
Deadline: April 15, 2019

Startup Spotlight

ECO Incubator Client, CleanFiber Named Cleantech Deal of the Year

Congratulations to our ECO Incubator client, CleanFiber who was named Upstate Capital Association of New York’s 2018 Cleantech Deal of the Year at the 3rd Annual Awards Celebration in Rochester, NY! 2016 43North winner, CleanFiber manufactures recycled cardboard into high-performance building insulation and has raised over $11 million dollars this past year. CleanFiber plans to use the funding to support their new factory operations in Blasdell, NY in a previous warehouse at the former Bethlehem Steel facility.

Eat Me Ice Cream Continues East Coast Expansion

Latest Launch NY portfolio company and Rochester, NY based Eat Me Ice Cream’s line of super premium, plant-based ice cream is expanding into new markets across New York State and into Philadelphia, including introduction into Whole Foods Market and Wegmans. Eat Me Ice Cream’s coconut-milk based ice cream line has a dairy free texture and focuses on unique flavors like Lavender, Hibiscus, and Curry Cashew & Crystallized Ginger.

#LaunchHour TwitterChat Tips Launch NY Resources
LaunchHour TwitterChats are monthly virtual chats featuring important topics for startups and entrepreneurs. Join us over your lunch to hear from expert panelists. Check out our archive for past TwitterChats filled with tips like those below. See you at the next #LaunchHour TwitterChat Wednesday, December 19th at noon.

November 21, 2018
Becoming a Founder: How Can Founder Institute Accelerate Your Success?
View the whole chat on Wakelet.

What is Founder Institute (FI)?

  • Founder Institute (@founding) – FI is the world’s premier pre-seed startup accelerator: we have chapters across 180+ cities and graduates that have built companies exceeding an estimated $20B in total value and have raised over $700M in funding.
  • Kevin Siskar (@TheSiskar) – As a graduate of FI, and now Managing Director, I have seen firsthand how helping founders set a solid foundation at the onset of their company can be massively helpful and impactful as they grow.

What makes the Founder Institute accelerator different from others?

  • Kevin Siskar (@TheSiskar) – So a few things. At FI, the focus is all in our name: we are focused on putting the Founder first. We are the only program offering exclusively evening curriculum sessions so that Founders can keep their full-time jobs until their startup is ready to go full-time.
  • Kevin Siskar (@TheSiskar) – We also have an advanced track to help founders who may already be full time and still are looking for great mentorship, a global network, and over $2 million dollars in partner benefits.

Do entrepreneurs need to have a company and team to apply?

  • Cody Semrau (@BetterMynd) – I started Founder Institute with nothing but a few startup ideas and the passion to be an entrepreneur. FI helps you build a company from the ground-up and doesn’t require you to have a team or company setup.
  • Founder Institute (@founding) – In short, no. While we are increasingly working with greater numbers of teams as well as advanced founders, you absolutely do NOT need to be incorporated or already have a co-founder in order to be accepted into the program.
  • As @founding mentioned, the answer is no. We help teach founders how to use equity and the tools at their disposal to help grow their team size to recruit amazing talent, advisors, investors, etc.

Lear more about Founder Institute’s latest chapter in Buffalo!

Join us for our next #LaunchHour TwitterChat, December 19th, Launch NY Startup’s 2018 Year in Review.
Upstate NY Resource Network
 Check it out here >

Upstate NY Rainforest Canvas Study
 Check it out here >

5 Business Stages – Where are you?

Each stage contains critical deliverables for moving forward. Starting with the Explore stage, see where you are on the path to success.
 Find out here >

Entrepreneur Toolkit 
The toolkit is a set of templates and links designed to help start, launch and grow your business in upstate New York.
 Check it out here >

Is Launch NY a fit for you?
Launch NY provides entrepreneurs experienced mentoring using best practice processes and connections to specialized resources both in and beyond the Upstate NY ecosystem.Thus preparing you to compete for and win the funding and additional resources needed to move forward.  Apply Now! >

Meet the Launch NY Team
Rich Delmerico

Rich Delmerico 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 in global product and systems development, commercialization, operations, and manufacturing across consumer, commercial, medical, printing, energy storage, and materials products. Mr. Delmerico most recently led an early stage high technology Cornell based materials startup (NOHMs Technologies Inc.) from seed to VC monies while robustly developing and maturing the technology. He also is an Adjunct at the Rochester Institute of Technology’ s Simone Center for Student Innovation and Entrepreneurship, University of Rochester’s Simon School startup coach, a NYSERDA Innovation Advisor and Entrepreneur-in-Residence, and a vital member of Launch NY’s new ECO incubator. Prior to NOHMs, Mr. Delmerico was a corporate executive at Kodak, including the R&D Director for the $1B revenue Traditional Consumer Businesses, driving innovation to market his entire career. Mr. Delmerico has a MS degree from Clarkson University in Manufacturing Systems and BS degrees from SUNY Buffalo in both Electrical and Industrial Engineering.

Read more about Rich and our other EIRs on our website.