The New York City Economic Development Corporation, on behalf of the City of New York, is pleased to provide a funding opportunity to life sciences companies interested in expanding their operations in one of the City’s five boroughs.
The LifeSci NYC Expansion Fund is designed to support high-growth ventures with upfront capital.
As part of LifeSci NYC, a $500M 10-year commitment to the life sciences industry, the City is seeking to support a critical mass of commercial entities likely to attract significant capital and achieve long-term job growth in NYC. Over the past few years, a number of high-growth companies have emerged from the City’s local incubator community, citing the need for independent, ready-to-occupy facilities. We expect that the LifeSci NYC Expansion Fund will address this unmet need by providing capital to industry-leading life sciences companies.
Interested companies are encouraged to submit an application to NYCEDC. This application will be reviewed by NYCEDC to assess an applicant’s growth-related space needs. Eligible applicants include life sciences companies from a range of areas, including but not limited to: advancing therapeutics, medical device development, research instrumentation, industrial biology, diagnostic and/or digital life sciences technologies. Joint applications with a developer and/or landowner that identify a facility are encouraged, but not required. If no specific site has been determined at the time of application, companies are still encouraged to apply.
NYCEDC will evaluate each application holistically based on the information given in this application, and notify companies if a decision is made to proceed with a funding agreement. NYCEDC staff may request additional information or clarification at any time. Funding agreements are determined on a case-by-case basis, and will be awarded to the company submitting the application.
Thank you for taking the time to apply for the LifeSci NYC Expansion Funds. Once applications are complete, please send to [email protected]. We look forward to reviewing your application!