Upstate Deals and Doings – January 17, 2018

Deals, news and events for the investment community across Upstate New York.

Published online and emailed to members every other week.

Upstate CApital in the news

  • Upstate Capital's Executive Director, Noa Simons, spoke with the Times Union about the future of immigrant entrepreneurship in Upstate New York. 
  • The Post-Standard of Syracuse was on hand at Upstate Capital's December event, The Innovation Celebration, to speak with keynote speaker Ana Dutra about leadership.

Deal Highlights

  • OLEDWorks, a Rochester-based light engine and panel manufacturing company, raised $4.5M in early stage equity.
  • iCardiac Technologies, a Rochester-based provider of centralized cardiac safety and respiratory solutions, was acquired by ERT, a global data and technology company that minimizes uncertainty and risk in clinical trials. 
  • Eagle Productivity Solutions, a Rochester-based provider of training solutions for companies adopting sophisticated cloud-based applications in the Pharmaceutical and Life sciences industry, was acquired by NIIT for $8.1M.

Industry news

  • Governor Cuomo announces certification of more than 2,100 new minority and women-owned business enterprises, reflecting the State's efforts to streamline and expedite the certification process and maximize access to the benefits of MWBE certification.
  • The Buffalo Law Journal writes an article highlighting Buffalo's interest in blockchain technology. "Blockchain technology is growing and moving into the mainstream, with the potential to change the world’s financial system." To that, Upstate Capital member and Buffalo-based law firm Lippes Mathias Wexler Friedman recently launched the blockchain technology, cryptocurrency and digital assets practice team.

Upstate Capital events

  • January 18 - Buffalo - Investment Trends and Tax Reform. Upstate Capital is hosting 2018 Trends in Buffalo NY to bring together members of the business and entrepreneurial communities to discuss investment trends and outlooks for the year ahead. Register today
  •  February 7- Ithaca - Starting Up and Staying Here: Immigrant Entrepreneurship. Upstate Capital is hosting an event to highlight the opportunities, challenges and successes for immigrant entrepreneurs in Upstate New York. Featuring immigrant founders pitching their startups and conversation with John Hill, VP of Network at Techstars, and Stephen Yale-Loehr, immigration law expert, Attorney of Counsel at Miller Mayer LLP and Professor of Immigration Practice at Cornell Law School. Register today. 
  • March 1 - Hudson Valley - Looking Forward: Angels, Entrepreneurs and Exits. Upstate Capital is hosting an event dedicated to forward thinking for company executives, current and prospective angel investors, and people interested in entrepreneurship and future technology trends. Register today.

Community events

  • January 25 - Poughkeepsie - Path to Entrepreneurship Program. The Women’s Enterprise Development Center is offering a free program designed to introduce you to small business ownership. Learn about the characteristics of a successful entrepreneur and what it takes to run your own business.
  • March 13 -14 - Standford, C.A. - Standford/NVCA Venture Capital Symposium - Get practical guidance on achieving success as a venture capitalist in a rapidly changing marketplace. Learn to respond effectively to new governance challenges at venture capital firms and at portfolio companies. Explore best practices in fund management and limited partner relationships. Examine cutting-edge issues affecting the entire venture sector, including deal pricing, initial coin offerings, and the emergence of a new breed of late stage investors.

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