As part of the more than $500 million in federal funding to support the resurgence of small businesses across New York State through the State Small Business Credit Initiative (SSBCI), NYS is providing more than $30 million for the Pre-seed and Seed Matching Fund Program (the “Program”) to support high-growth start-up companies in the earliest stages of their growth and development.

The Program will offer early-stage businesses growth assistance from $50,000 up to $250,000 with matching funds from the private sector along with tools and key introductions that are needed to help companies reach the next level.

The Program is managed through the Empire State Development’s NY Ventures, which focuses on technology markets. To qualify, applicants must have raised less than $2 million of dilutive funding to date, they must be registered to do business in New York State, and they must agree to create an economic impact in New York by headquartering with at least one C-suite employee in state.

Funds are available for but not limited to the following pre-seed or seed-stage companies:

• Advanced Manufacturing
• Agricultural Tech
• Climate Tech
• Consumer Products
• Data/ SaaS/AI
• FinTech
• Healthcare
• Life Sciences and BioTech
• Medical Devices

For more information on the Program and instructions on how to apply, click here. If you need additional guidance, please reach out to Thomas Porricelli at tporricelli@citrincooperman.com.