SPOTLIGHT SHINING ON

The mission of Empire State Development is to promote business investment and growth that leads to job creation and prosperous communities across New York State.


History of Empire State Development
Empire State Development Services
Empire State Development Leadership
ESD Organization Chart
Corporate Information
Empire State Development FAQs

ESD Main Offices
95 Perry Street, Suite 500
Buffalo, New York 14203

30 South Pearl Street
Albany, New York 12207

633 Third Avenue
New York City, New York 10017

ESD Regional Offices

INNOVATE NY


Program Purpose

The Innovate NY Fund is a new $26 million seed stage equity fund to support innovation, job creation, and high growth entrepreneurship throughout the state.

Four to six competitively selected investment funds will receive approximately $4 to $5 million to invest in technology companies and other high growth firms.

All contracted investment funds must secure at least a 2:1 match from private sources on its aggregate portfolio at the time of investment. SSBCI funding may not exceed $500,000 per investment or $750,000 in the case of any individual biotechnology related company.

Participating Investment Funds

A Request for Proposals (RFP) to select investment entities has been released, and is due by 4pm on February 21, 2012