The Launch NY Seed Fund is a nonprofit fund, fueled by grants and donations, with all returns coming back to the fund to support investments in future startups in what is known as an “evergreen cycle”. Making its first investment in 2016, the Fund is built upon successful models of other venture development organizations in comparable communities of Pennsylvania, Ohio, and other states around the country who have used a combined approach of mentoring and seed capital for as much as two decades to drive their economy through entrepreneurship.
The Fund is designed to provide $25,000 to $100,000 in investment capital to companies who meet Launch NY’s criteria and have been working with a Launch NY Entrepreneur-in-Residence (EIRs) for at least three months. EIRs work with client companies before, during, and after Launch NY’s rigorous investment process that prepares entrepreneurs not only for achieving key milestones in their business but also for raising follow-on funding from other investors.
We are honored to feature our Launch NY Seed Fund portfolio companies here, and visit our press section for more on these promising startups.
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