Venture capitalists (VC) provide promising businesses with funding, in return for debt or partial ownership of the company. VCs tend to assume more risk than traditional lending institutions like banks.
VC funds are available at different stages of a company’s development and some funds are earmarked to specific industries such as software, biotech, telecommunications, healthcare services, semiconductors and energy.
VC funds are also available through the state. New York’s economic development agency, Empire State Development, runs the Small Business Technology Investment Fund which offers early stage and growth capital to technology companies.
Also, the New York State Common Retirement Fund's Private Equity Investment Program has expanded the availability of capital for businesses.
Small Business Investment Companies are VC firms licensed by the U.S. Small Business Administration and use their own funds to provide equity capital, long-term loans, debt equity investments and management assistance to small businesses.
Whether you decide on private or public venture capital funds, Tech Valley provides options to obtain financing for your emerging business.
Adirondacks/North Country
Clinton, Essex, Franklin, Hamilton and Warren Counties including the cities of Plattsburgh and Glens Falls and the villages of Lake George, Lake Placid and Speculator.
Capital Region
Albany, Rensselaer, Saratoga, Schenectady, Schoharie, Washington Counties including the cities of Albany, Saratoga Springs, Schenectady and Troy and the towns of Bethlehem, Colonie, Guilderland, Greenwich, Mechanicville and Schoharie.
Hudson Valley
Columbia, Dutchess, Greene, Orange and Ulster Counties including the cities of Hudson, Kingston, Newburgh and Poughkeepsie and the town of New Paltz.