Project Grant ED19HDQ0200015

This $3.2 million project grant from the Department of Commerce's Economic Development Administration funds the Upstate NY Capital Gap Angel Fund. The grant supports the launch of a new seed fund to expand venture capital investment and mentorship opportunities for underserved entrepreneurs across upstate New York. The awardee, Excell Partners, Inc., will use the three-year grant to attract follow-on capital for portfolio companies by mentoring ventures. Once implemented, the Upstate NY...

This $3 million EDA Project Grant funds Launch New York, Inc.'s Launch NY #InvestLocal Scale Up project. The project aims to identify, support, and invest in high-growth, scalable companies that can transform the local economy through job and wealth creation in 27 upstate New York counties. It will optimize follow-on capital investments to 80 existing portfolio companies and make new first-time investments. The project will advance Launch NY's financing programs, including recapitalizing its...

Launch New York, Inc. received a $1.5 million Project Grant award from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program. The grant will support Launch New York's FAST FORWARD FOR TECH-DRIVEN STARTUPS initiative, which is designed to help seed-stage companies progress to market entry and expansion. As the sole venture development organization serving 27 counties in Western New York, Launch New York will introduce the FAST FORWARD...

This $7.99 million project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program will fund the Clean Fight NY initiative to strengthen New York's clean energy sector. Clean Fight NY will help address structural barriers facing growth-stage clean energy companies in New York through formalizing an adoption ecosystem that maximizes regional clean energy, customer, and capital assets. Specifically, Clean Fight NY will scale its core accelerator program...

The University of South Carolina received a $800,949 Project Grant award from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024). The grant will fund the organization, launch and operation of the South Carolina Rising pre-seed/seed investment fund. The investment fund will identify, qualify and provide equity investments to promising early-stage technology companies based in South Carolina. In addition, the grant will...

This $1.4 million Project Grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program funds the Southern California Venture Pipeline (SVP) Capital Fund Development Project. The Alliance for Southern California Innovation will review startup applications, vet companies, and forward qualified deals to an evaluator panel. Roughly 75% of applicants will need mentorship to prepare for future funding rounds. Startups selected by the panel will pitch to a...

The Centerstate Corporation for Economic Opportunity (Centerstate Corp) received a $499,906 Project Grant award from the Department of Commerce Economic Development Administration (EDA) under the Economic Adjustment Assistance (EAA) program. The funding will support the Centerstate NY Smart Systems Coalition led by Centerstate Corp to develop the unmanned aerial systems cluster in Central New York as part of New York State's Semiconductor Corridor initiative. Specifically, the Coalition will...

The Small Business Administration Office of Capital Access awarded NYBDC Local Development Corporation $200,000 under the Prime Technical Assistance federal grant program (CFDA 59.050) from September 30, 2022 through September 29, 2023. The funding will support NYBDC Local Development Corporation's provision of training and capacity building services to enhance the management capabilities of microentrepreneurs in starting, expanding, and growing their businesses in Albany, New York....

The U.S. Department of the Treasury awarded a $9,446,100 Project Grant on August 23, 2024 to the New York State Urban Development Corporation (doing business as Empire State Development) under the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (CFDA 21.034). This grant funding will support the provision of technical assistance, including legal, accounting, and financial advisory services, to very small and underserved small businesses in...

This $1.2 million project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program will fund the Diversify-Connect-Fund Project to support the entrepreneurial ecosystem in Greater Charlottesville, Virginia. The two-year project aims to improve outcomes for underrepresented startup founders and investors. Key services include an Angel Academy program modeled after an accelerator to provide outreach, recruitment, selection and six-to-eight week training...