Launch NY

Launch NY operates as a distinctive U.S. Treasury-designated Community Financial Institution (CDFI) and a 501(c)(3) nonprofit venture development organization, strategically focused on fostering economic growth across the 27 counties of Upstate New York. Its core mission revolves around providing crucial capital and comprehensive mentoring to high-growth potential startups within the region. This dual approach aims not only to fuel the expansion of nascent businesses but also to stimulate job creation and cultivate a vibrant entrepreneurial ecosystem, thereby contributing significantly to regional prosperity.

The organization primarily deploys capital through its Launch NY Seed Fund, targeting early-stage companies that demonstrate significant potential for scalability and impact. Typical initial investments from the Seed Fund range from $25,000 to $100,000, designed to provide foundational capital that can help startups achieve critical milestones. Beyond direct investment, Launch NY also facilitates co-investment opportunities through its #InvestLocal financing program, enabling accredited investors to participate alongside the fund. This collaborative model expands the capital available to promising ventures and strengthens community engagement in local economic development.

Launch NY has demonstrated a substantial impact on the Upstate New York startup landscape. As of early 2023, the organization had invested over $10 million into more than 90 companies, showcasing its commitment to a broad portfolio of regional innovation. These portfolio companies have collectively achieved remarkable success in attracting further capital, securing over $1 billion in follow-on funding from various sources. This impressive leverage highlights Launch NY's effectiveness in identifying and nurturing companies that resonate with larger investment communities. Furthermore, the organization is deeply committed to diversity, with a significant portion of its portfolio companies led by women or minority founders, reflecting an inclusive approach to venture development.

The broader influence of Launch NY extends to significant job creation and retention, with its supported companies contributing to over 4,900 jobs within the region. Through its robust network of mentors, pro bono service providers, and strategic partnerships, Launch NY provides a comprehensive support system that goes beyond mere capital injection. This holistic approach underscores its role as a pivotal catalyst for innovation and economic revitalization in Upstate New York, solidifying its position as a key player in regional venture capital and entrepreneurial support.