Business Development Funding
The following resources provide early-stage funding for new business development. Faculty members are encouraged to work through the vice president for research and/or technology transfer office at your campus if you believe you have an idea for a business you would like to develop.
Venture Capital Funds
Venture capital funds are pooled investment vehicles that primarily invest the financial capital of third-party investors in enterprises that are too risky for the standard capital markets or bank loans.
- Adirondack Venture Fund, Lake Placid
- Advantage Capital Partners, Glens Falls
- ALNC Capital, Syracuse
- BR Ventures, Ithaca
- DeltaPoint Capital Management, Rochester
- Easton Capital Investment Group, Buffalo
- FA Technology Ventures, Albany
- Rand Capital Corporation, Buffalo
- RRE Venture, NYC
- SCP Buffalo Incubator, LP*
- Summer Street Capital Partners, Buffalo
- Trillium Group, Pittsford
- Wheatley Partners, Great Neck
Angel investors are “high net worth individuals,” usually accredited investors who invest their own funds in private companies, typically at the seed and early stages. A growing number of angels are joining organized groups to achieve competitive returns on early-stage investments.
- Dutchess County Angel Network, Poughkeepsie
- Rochester Angel Network, Rochester
- Seed Capital Fund of CNY, Syracuse
- TVAN (Tech Valley Angel Network), Albany
- WNY Venture Association, Buffalo
The U.S. Small Business Administration runs two programs that assist in new business development:
Small Business Technology Transfer Research (STTR)
STTR expands funding opportunities in the federal innovation research and development arena. Central to the program is expansion of the public/private sector partnership to include the joint venture opportunities for small business and the nation's premier nonprofit research institutions.
Small Business Innovation Research (SBIR)
SBIR is a highly competitive program that encourages small business to explore their technological potential and provides the incentive to profit from its commercialization. By including qualified small businesses in the nation's R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs.
New York State has three entities that assist in new business development.
- NYS Empire State Development (NYSESD)
*Innovate NY funding