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Launch NY gets funding to help with pandemic recovery

Launch NY gets funding to help with pandemic recovery

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LOCAL AERIAL BUFFALO GEE (copy)

Launch NY has won funding to help with pandemic recovery efforts.

Launch NY, a Buffalo venture development company, has scored $937,500 to support pandemic recovery efforts.

It received $750,000 from the U.S. Economic Development Administration, along with a local match of $187,500.

The grant will allow Launch NY to make a full transition to virtual mentorship and investor network platforms for technology-based startup companies.

The EDA grant is part of a $29 million award split by 44 organizations as part of the Scaling Pandemic Resilience Through Innovation and Technology challenge, which uses entrepreneurship and innovation to address economic, health and safety risks caused by the pandemic.

Launch NY is a nonprofit that provides high-growth startups with pro bono mentoring and access to risk capital.

The Buffalo News: Good Morning, Buffalo

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