About Eastern New York Angels

ENYA’s primary goal is to provide seed funding and mentorship to early stage companies while creating jobs in the Eastern Region of New York State commonly known as Tech Valley and delivering a reasonable return on investment for its members.


The Eastern NY Angels can trace its roots back to 2001 when four local entrepreneurs formed the Tech Valley Angel Network or TVAN as it was known. TVAN was an affiliation of high net-worth individuals who met monthly to review potential investments in early stage companies in the Tech Valley. In 2005 CEG assumed administrative responsibility for the operation of TVAN from the original founders. They were no longer in a position to administer the fund so they stepped away leaving that responsibility to the Center for Economic Growth. CEG continued to run the fund however the number of active investors continued to decline. By late 2009 TVAN was no longer making investments as a group. At that point it became obvious that a change was needed. After having invested over $1.7MM into 20 companies since its inception, TVAN was disbanded in early 2010. The remaining members of TVAN decided to work with CEG to refocus the organization from a “supper club” model to a fully managed Angel fund creating the Eastern NY Angels. With the assistance of CEG the Eastern NY Angels or ENYA was founded in August 2010.

The Fund

Eastern NY Angels is a member managed fund, founded in August 2010 by Joe Richardson and Dick Frederick. Members actively participate in fund decisions and the ongoing support of portfolio companies. Companies seeking funding are invited to apply via the links above, selected companies are then invited to pitch to the membership at monthly meetings. Investments range from $50k to $250k.

Our Portfolio


Free Form Fibers

Free form fibers produces high performance fibers in ultra-pure form for next gen Ceramic Matrix Composites (CMCs) and specialty industrial fabrics.


Vital Vio

Vital Vio, Inc. is a biomedical and lighting design company focused on manipulating light to address real world problems by developing innovative methods of delivery



Ener-G-Rotors, Inc. is commercializing the ORCA™, a revolutionary appliance that economically converts low temperature heat to carbon free electricity for as little as $.015/kWh



BESSTECH is a lithium-ion component design and engineering company.



Dumbstruck is a research and analytics platform that helps advertising agencies grow through advanced video testing and optimization.



Glauconix™ is the leading developer of ex-vivo dynamic 3D human tissue models for accelerating therapeutic innovation and drug discovery


Gatherer’s Granola

Since 2010, Gatherer's has been the brand to turn to for flavor. Gatherer's bakery is a place where people stand resolute in their belief that things that are good for you should taste great too. Gatherer's granola flavors are not run of the mill, they are a cut above, the cream of the crop, made using locally sourced and truly natural ingredients.


News and Events

Vyv in the news!

Vyv recently shared some highlights from the stream of media they’ve been featured in lately: Vyv’s New Virus Claim This month, Vyv publicly announced the findings of a recent independent third-party lab test, commissioned by…


Failure happens. Embracing that fact could help the Albany startup scene grow. Investors and entrepreneurs say learning from failure can lead to greater success — and it’s time for Albany’s startup scene to embrace that…

Angel investor on Vyv: ‘You’re going to hear a lot more about this company’

Recent interview with Joe Richardson about Vyv in the Times Union: Joe Richardson still remembers the day he handed the first investment check to the founders of Vyv, then called Vital Vio. “Little did I…

Vyv continues to expand client base for its antimicrobial LEDs

Vyv, a health-tech startup that makes LED antimicrobial lights, has continued to expand its reach in the past month. A recent article in the Times Union: https://www.bizjournals.com/bizwomen/news/latest-news/2021/01/vyv-expands-client-base-for-antimcrobial-leds.html

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