Empire State Development's NY Ventures is New York State’s public venture capital arm in New York, investing directly in high-growth startups and indirectly through venture funds, emerging and regional managers, and accelerator-linked managers. It backs venture-backable companies from pre-seed and seed to early-stage rounds across the United States, with a focus on New York and undercapitalized regions, and has deployed over $300 million through equity programs. Sector exposure includes AI, biotechnology, life sciences, medical devices, cleantech, climate, education, energy and pharmaceuticals.