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



ThermoAura Inc. is an advanced materials & nanotech company commercializing a novel manufacturing technology.


Paper Battery

Paper Battery Company is developing ultrathin supercapacitors to enable revolutionary, system-level power and energy solutions.



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


Hocus Locus

HocusLocus, LLC is a life sciense-based startup company that aims to exploit post-transcriptional regulation of RNA



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.


Create Prosthetics

Create O&P offers intuitive 3D printing and digital solutions to orthotists and prosthetists worldwide



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


News and Events

ThermoAura selected for 2017 SBA Excellence award

ThermoAura was recently selected for the 2017 SBA Excellence award. Information about the award is available here

Contact Us

Please contact us for additional information