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Innovate NY Fund

Innovate NY Fund

Supports seed-stage New York technology startups by investing through selected regional fund managers.

ClosedNew York Ventures (Empire State Development)United StatesEligible in New York
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About

The Innovate NY Fund was a $45.9 million fund-of-funds initiative launched in December 2012, using a $35.6 million grant from the US Department of the Treasury and a $10.3 million contribution from Goldman Sachs. Seven fund managers were competitively selected to invest in seed-stage businesses supporting innovation, job creation, and high-growth entrepreneurship across New York State. Selected ma…

What this grant funds

Historical $45.9M fund-of-funds (launched 2012, now closed) that provided seed-stage investment capital through seven competitively selected fund managers across New York State.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.One-off
Next deadlineiThe next date applications are due. Rolling means you can apply any time.—
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Equity
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.$45.9M
Funding analytics

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Industries

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Eligibility criteria

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Last verified: 29 Jun 2026Source: esd.ny.gov