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Small Business Technology Investment Fund (SBTIF)
The Small Business Technology Investment Fund (SBTIF) provides early stage high-tech companies throughout New York State with a potential source of venture capital to promote new job creation and economic growth. The Fund makes venture capital investments in NYS based companies that have developed innovative technology products (and related services), generally have well-protected intellectual property, display significant competitive advantage(s) and have market acceptance. The Fund may also offer professional, technical and managerial services and referrals to help grow technology-based business ventures. SBTIF is interested in all technology areas. The Fund has invested in medical devices, Information Technology (IT), software, electronics, biotechnology, optics, nanotechnology, telecommunications, and materials science, concentrating its efforts in geography of the State typically underserved by venture capitalists.
Company Introduction and Application*:
*Companies must be headquartered, or have their intent to be headquartered, in New York State to be considered by SBTIF. A first step to introduce a company to SBTIF is to complete the Company Executive Summary Form which is available via the link above. Once the company summary is reviewed, a well-constructed business plan and/or other company information may be requested as a next step. Company proposals selected for review undergo extensive due diligence, under confidentiality. The following items are a part, but are not limited to, of SBTIF's due diligence process: For more information contact NYSTAR by e-mail or at 518.292.5700 and request to speak with SBTIF staff. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||