Our primary strategic partnership is with Launch NY based in Buffalo, NY.
Launch NY (www.launchny.org) is Upstate NY's only nonprofit, 501(c)(3) Venture Development Organization (VDO) and Community Development Financial Institution (CDFI) venture fund. They are the most active seed fund in Upstate NY region since 2016 (Launch NY Seed Fund LLC) and were recently awarded the first CDFI designation for the Fund. Since 2012 they have provided over 750 startups with expert pro bono mentoring through 18 Entrepreneurs-in-Residence & National Mentor Network. With Mammoth they are focused on further developing the growing Healthcare and Health IT sectors in the Upstate NY region.
Additionally, Mammoth has established strategic relationships with a number of US-based hospitals and universities with a reputation for creating innovative healthcare solutions.
The US government is a new market for this segment under Special Identification Number (SIN) 132-56. This applies to Health IT companies both in the USA and the 124 countries covered by the Trade Agreement Act (TAA).
The Universities in the Mammoth network will provide work experience for their Masters and PhD students and create a launch pad for Healthcare Innovation leaders for generations to come.
Large Global Partners will have access to healthcare innovations that provide enhanced features or fill voids in their product lines plus a “first rights of refusal” at exit.
Launch NY Healthcare IT Fund LLC (the “Fund”), is a single-member LLC owned and controlled by LNY. Any contribution to the efforts of the Fund will be in the form of a donation, with donors provided a tax deductible receipt. No returns are offered through this Fund to donors. All returns will be used to reinvest in the Upstate NY ecosystem.