January 22, 2019
Launch NY Receives $4.5 Million from the Ralph C. Wilson, Jr. Foundation to Support High-Growth Potential Entrepreneurs
Buffalo, N.Y., January 22, 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, announced today it is the recipient of a $4.5 million grant from the Ralph C. Wilson, Jr. Foundation.
The latest award will build upon the success of the Ralph C. Wilson, Jr. Foundation’s previous grant in 2016 which allowed Launch NY to create the most active source of seed capital in New York State dedicated to supporting promising entrepreneurs in the region. The new award will expand Launch NY’s financing activities, including the Launch NY’s Seed Fund, a nonprofit fund fueled by grants and donations with all returns coming back to the fund to support investments in future startups.