With all the action and hype that the Upstate New York region is getting – billions being poured into Utica’s Tech R&D, Buffalo Billion Investment Development Plan – it’s time we talked about some money for smaller ventures. Cue Somak Chattopadhyay, formerly of New York City’s prestigious Tribeca Ventures. He and Mitchell Patterson, Managing Director of the Emerging Business Portfolio at CenterState CEO’s venture, the Syracuse Technology Garden, have been working hard to develop a $15m Venture Capital Fund (currently at $13.5m). They hope to raise another $40m in 2014.
Read Dan Primack’s CNN Money Article about the new Upstate Venture Capital Fund.