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NYS Innovation Venture Capital Fund

NYS Innovation Venture Capital Fund

Invests in New York technology companies at early growth rounds beside institutional lead investors.

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

The NYS Innovation Venture Capital Fund is a direct state investment vehicle operated by New York Ventures, the venture capital arm of Empire State Development. The fund holds $100 million in state capital plus $35 million in federal SSBCI funding, for a combined pool of approximately $135 million. The fund does not lead investment rounds; a qualified institutional or strategic investor must alrea…

What this grant funds

State co-investment alongside lead institutional investors into New York technology companies at Seed through Series B across climate tech, life sciences, AI, and advanced manufacturing.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
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.$135M
Funding analytics

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Industries

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Eligibility criteria

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Application process

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What you have to submit

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Last verified: 22 Jul 2026Source: esd.ny.gov