Grow-NY
AgTech & FoodTech · Run by Cornell Center for Regional Economic Advancement (CREA) · NY
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The facts
All fields verified Oct 1, 2026- Terms model
- Equity for cashInvests cash in your company and takes equity (an ownership stake) in return.
- Investment
- $3,000,000 in prizes per round, including a $1,000,000 top prize
- Equity taken
- 2% to 3% (warrant: 3% of fully diluted capitalization for the $1,000,000 award, 2% for the $500,000 and $250,000 awards; winners may choose a SAFE instead)
- Program length
- Not published
- Format
- In person
- Location
- NY
- Cohorts per year
- 1
- Cohort size
- up to 20 finalists, 7 winners
- Stage focus
- early-stage food and ag tech
- Sub-vertical
- food and agriculture technology
- Demographic focus
- Not published
- Backers
- Cornell University, Empire State Development
- Notable alumni
- Not published
Terms notes: An annual food and agriculture technology business competition run by Cornell's Center for Regional Economic Advancement and funded by Empire State Development. Each round awards $3,000,000 across seven winners (one $1,000,000 award, two $500,000 awards, and four $250,000 awards), paid in stages based on business milestones. Winners must sign a 'Pay It Forward' investment agreement with Cornell University: either a warrant for 3% of fully diluted capitalization (for the $1,000,000 award) or 2% (for the $500,000 and $250,000 awards), or a SAFE; proceeds are reinvested in future rounds. Winners must maintain a presence in the Grow-NY region of upstate New York for at least 12 consecutive months. Round 8 applications ran March 1 to May 15, 2026, with the pitch summit November 12 to 13, 2026.
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Terms in plain English
Grow-NY is an annual food and agriculture technology business competition run by Cornell's Center for Regional Economic Advancement and funded by Empire State Development. It awards $3,000,000 each round across seven winners, with $1,000,000 as the largest single award, paid in stages as business milestones are met. The awards come with an equity requirement: each winner must give Cornell University either a warrant for 3% of the company's fully diluted capitalization (for the $1,000,000 award) or 2% (for the $500,000 and $250,000 awards), or a SAFE, a simple agreement for future equity. Winners also commit to operating in one of the eligible upstate New York regions for at least 12 consecutive months after the award. It is a competition rather than a fixed-length cohort program.
Who this is actually for
Early-stage food, beverage, and agriculture technology founders willing to establish or grow operations in an eligible upstate New York region in exchange for a shot at award funding, knowing that winners grant Cornell University a 2% to 3% warrant or a SAFE. Suited to teams that can pitch a scalable ag or food innovation and are open to an upstate New York base.
Grow-NY application deadlines
Next round (annual competition, applications typically open in early spring): Timing expected, exact dates not yet confirmed.
Verified Oct 1, 2026Source
Frequently asked questions
- When is the next Grow-NY application deadline?
- A specific application window for Grow-NY is not yet published. Timing is expected but not confirmed.
- How much does Grow-NY invest?
- Grow-NY lists an investment of $3,000,000 in prizes per round, including a $1,000,000 top prize.
- How much equity does Grow-NY take?
- Grow-NY lists equity of 2% to 3% (warrant: 3% of fully diluted capitalization for the $1,000,000 award, 2% for the $500,000 and $250,000 awards; winners may choose a SAFE instead).
- Where is Grow-NY located and is it in person?
- Grow-NY is based in NY and runs an in person program.
- Is Grow-NY still active?
- As of our last check on Oct 1, 2026, Grow-NY is active.
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Sources
Everything above was checked against these, verified Oct 1, 2026.