Launch NY Press Release
Just over one month ago Launch NY introduced one of the first crowdfunding campaigns by a nonprofit venture development organization in the country to support its work with local entrepreneurs. These startups are introducing innovative products that improve people’s lives and will transform the region’s economy. Today the campaign is receiving a huge boost through the national day of giving, known as #GivingTuesday, which has already yielded over $96,000.00 in donations. Launch NY’s campaign goal is $100,000 to fuel the vital proof-of-concept work that startups need but can’t find. Only 3% of venture capital invested in New York State annually comes to Upstate New York businesses.