February 20, 2019
Launch NY Receives $300k from Economic Development Administration for New Investor Network
Funds support development of entrepreneurial ecosystem & investor education in collaboration with Buffalo Angels
Buffalo, N.Y., February 20, 2019 – Launch New York (Launch NY), Upstate New York’s first and only venture development organization to help provide pro bono mentoring and capital access to high-growth potential startup businesses across the 27 westernmost counties of the state, has been awarded $300,000 from the Economic Development Administration (EDA), a bureau within the U.S. Department of Commerce, through the 2018 Regional Innovation Strategies (RIS) program competition to support the launch of the Investor Network, a new financing program to fuel Upstate NY’s most promising startups. The funding will also go toward a brand new internship and investor education program in collaboration with the Western New York Venture Association (WNYVA), a non-profit whose mission is to elevate the region’s economic growth through its angel investor base, and Buffalo Angels, a division within WNYVA for accredited investors.