Q2 2024 Investment Report

Investment in the Southern Tier will be distributed on a quarterly basis to highlight the significant startup investment activity in the Southern Tier. Note: while some information is made publicly available in real time, certain fundraising activities may be reported later, leading to potential fluctuations beyond the reporting timeframe. $20,000 is the threshold for determining which funding events to include. Investments

• Agri-trak, headquartered in Pultneyville, raised $180,000 of Series 1 venture funding from Launch NY, The W Fund, JHH vc, and other investors in July, 2024. Read more about Agri-Track’s funding.
• CareTech Human, headquartered in Ithaca, raised $175,000 of seed funding from Launch NY in April, 2024. Read more about CareTech Human’s funding.
• Edenesque, headquartered in Kingston, raised $175,000 of venture funding through a combination of equity and convertible debt from Launch NY in May, 2024. Read more about Edenesque’s funding.
• GreeneAcres Processing, headquartered in Ithaca, raised $50,000 of angel funding from an undisclosed investor in April, 2024. Read more about GreeneAcres Processing’s funding.
• LoBio, headquartered in Ithaca, raised $1.7 million of seed funding from BR Venture Fund, Techstars, and other undisclosed investors in April, 2024. Read more about LoBio’s funding.

Total: $2,280,000 Grants

• Hempitecture*, headquartered in Idaho, received $1.1 million of grant funding from the State of New York in June, 2024. Read more about Hempitecture’s grant.
• Natrion, headquartered in Ithaca, received $65,000 of grant funding from FuzeHub in April, 2024. Read more about Natrion’s grant.
• REEgen, headquartered in Ithaca, received $50,000 of grant funding from ClimateTech in May, 2024. Read more about REEgen’s grant.
• REEgen, headquartered in Ithaca, received $65,000 of grant funding from FuzeHub in April, 2024. Read more about REEgen’s grant.
• RETRN Bio, headquartered in Syracuse, received $50,000 of grant funding from ClimateTech in May, 2024. Read more about RETRN Bio’s grant.

Total: $1,330,000 Competitions

• Agrivoltaic Design Studio, headquartered in Ithaca, won $22,000 from the 2024 EnergyTech University Prize competition in April 2024. Read more about Agrivotaic’s winnings.
• ReviMo*, headquartered in Boston, won the Graduate Track Winner grand prize of $25,000 and received an additional $7,000 for the Tech Innovation Award, totaling $32,000 in awards in April, 2024. Read more about ReviMo’s winnings.
• Roadmap, headquartered in Binghamton, won $50,000 from Microsoft Imagine Cup in May 2024. Read more about Roadmap’s winnings.
• spekld, headquartered in Ithaca, won $50,000 from the Annual Cornell Hospitality Business Plan Competition in April 2024. Read more about spekld’s winnings.

Total: $154,000 Please note: Companies marked with an asterisk (*) may not be headquartered in the region, but they operate in and contribute to job creation in the Southern Tier. Please do not hesitate to reach out to Brad Treat at [email protected] with any tips, corrections, or comments you may have. Investment in the Southern Tier will be distributed on a quarterly basis to highlight the significant startup investment activity in the Southern Tier. Note: while some information is made publicly available in real time, certain fundraising activities may be reported later, leading to potential fluctuations beyond the reporting timeframe. $20,000 is the threshold for determining which funding events to include. Coming Attractions

• Networking@Rev: The Future of Food & Ag Thursday, October 10 | 6 – 8:30 p.m. EST | 314 E State Street Ithaca, NY   Stay up to date with the food and agriculture sector while connecting, collaborating, and exploring opportunities within the dynamic entrepreneurial ecosystem at Rev: Ithaca Startup Works. RSVP to attend!
• Koffman Webinar Series: IP Essentials Tuesday, October 22 | 11 a.m. – 12 p.m. | Online Learn how to protect your ideas in this webinar featuring Brad Scheller, an intellectual property attorney with over 20 years of experience.
• IncubatorWorks Business Plan Class  Tuesday, October 22 | 7 Sessions | Online and In-Person Registration is now open for Business Plan Class, A 7-week course open to all Co.Starters graduates.
• Innovation & Entrepreneurship Workshop: Introduction to Intellectual Property Wednesday, October 23 | 11:45 a.m. – 1 p.m. ET | Online  Cornell innovators are invited to take a deep dive into intellectual property at this Innovation & Entrepreneurship Workshop.
• NYS Innovation Hot Spot Tax Benefits Workshop Monday, November 18 | 10 – 11 a.m. ET | Virtual This exclusive webinar for member startups of incubators in the Southern Tier Startup Alliance (STSA) will cover NYS tax benefits for startups to consider and explain the New York State Innovation Hot Spot tax benefits available to qualifying startups and how to apply.
• Applications Open for the Manufacturing Hardware Accelerator at Rev: Ithaca Startup Works Attend a Virtual Information Session | Application Deadline: November 22, 2024 We’re seeking ambitious hardware startups ready to bring their prototypes to market. Benefit from customized guidance, mentorship, and connections within our vibrant ClimateTech, AgTech, and MedTech ecosystems!
• Register for the 2024 Grow-NY Food and Ag Summit! November 6-7, 2024 in Ithaca, NY and Virtual All-access registration is $75 ($25 for students) | Attending virtually is free The Grow-NY Food and Ag Summit is a two-day event showcasing food and ag innovations that have the power to change the path of the industry. The event will take place at the Ithaca Downtown Conference Center in Ithaca, New York and will be streamed virtually.