A $2 million state-sponsored pilot seed fund was approved Thursday by the Empire State Development Corp. to provide investments in high-technology startup and emerging companies.
The project, called the Upstate Regional Seed Fund, was created by Linden Oaks-based Excell Partners Inc., which will invest the grant funds.
Excell Partners, a non-profit formed in 2005 through an agreement with the University of Rochester Medical Center, has invested $2.4 million in 21 new companies since its inception.
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high-tech startup companies | Rochester Business Journal New York business news and information
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