Helping entrepreneurs strengthen and expand their businesses in New York City
NYCEF is the New York City Entrepreneurial Fund. The City created the $22 million fund—the first of its kind outside Silicon Valley—to be managed by FirstMark Capital to provide promising, New York City-based technology startup companies with early-stage capital. New York City Economic Development Corporation contributed $3 million to establish the fund, and FirstMark Capital, a leading New York City-based venture capital firm, set aside an additional $19 million.
Entrepreneurial companies received up to $750,000 for the first round of investment.
In addition to having a commercially viable business model, companies met the following criteria to qualify for the NYC Entrepreneurial Investment Fund: