Endeavor Western New York has a new chef. And he is already quite familiar with the world organization.
Alan Rosenhoch has returned to the role of Managing Director of Endeavor WNY after previously working as the head of entrepreneur selection and growth within the organization for the past two years.
He replaced John Gavigan, a former executive director of 43North who was Endeavor WNY’s first executive when it opened in Buffalo in 2020.
Endeavor works with high-impact, high-growth late-stage startups and connects them to a global network of markets, mentors, investors and talent. Endeavor WNY has worked with Buffalo-based companies Circuit Clinical and Squire and Rochester companies Sweetwater Energy and Aerosafe Global.
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“I’m excited to take on this new role,” said Rosenhoch, who spent 12 years at Invest Buffalo Niagara working in business development before joining Endeavour. “I am truly humbled and honored by the confidence the board has given me to take on what I think is a really important role.”
Rosenhoch moved into the role of general manager on April 1. Gavigan is now a senior partner at Florida-based venture capital group Rocket One Capital and CEO of CrediVault. Rocket One Capital is a lead investor in CrediVault, a debt registry startup.
In his nearly three years with Endeavour, Gavigan said he’s proud of the value the organization has been able to bring to hundreds of entrepreneurs in Western New York, the network that he and his team have built on and from the collaborative work Endeavor has done with other entrepreneur support organizations in the Buffalo and Rochester areas.
“I’m really happy that we have a stable organization that adds new net worth to our startups here in the region,” Gavigan said.
But perhaps his proudest achievement was hiring Rosenhoch as a co-pilot.
Gavigan described Rosenhoch as an “exceptionally gifted” community steward who is “deeply committed” to the work of Endeavour.
“I think he’s going to do great things with Endeavor and ultimately do great things for our community,” Gavigan said.
Rosenhoch said his top priority is to continue to support the entrepreneurs Endeavor works with and help them achieve their goals. He also wants to take advantage of the opportunities Endeavor WNY has to collaborate with other Endeavor offices around the world to bring even more mentoring relationships to local entrepreneurs.
“I’m excited to continue the momentum I think we’ve built as an organization,” Rosenhoch said.
Gavigan will continue to live in Western New York with his wife and children.
And he will continue to be involved in Endeavour; he was appointed to the organization’s board of directors.
Want to know more? Two stories to catch up with you:
• Why the Wilson Foundation is funding Buffalo Niagara’s startup ecosystem
• Diversity-focused technology training company Bitwise is coming to Buffalo
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THE LAST, IN CONTEXT
What: The Western New York Impact Investment Fund has raised $11.55 million to invest in local businesses that positively impact the Buffalo-Niagara community.
Tell me more: The fund launched in Western New York in 2017 with approximately $8 million from 10 investors and has so far made 13 investments in emerging companies such as Viridi Parente, Circuit Clinical, Garwood Medical Devices and CleanFiber.
The fund seeks market-rate financial returns in companies that have a measurable social impact in areas such as workforce education, diversity and development, neighborhood revitalization, health and sustainability. environment.
The 10 investors who contributed to the first fund invested in the second, along with a dozen new investors, including M&T Bank and the Buffalo State College Foundation.
Why is it important: Every startup ecosystem needs a variety of funding sources, especially those willing to invest in early-stage companies.
Many of the companies the fund has invested in are growing and hiring in Western New York, including Circuit Clinical, which recently raised $29 million. Circuit Clinical’s offerings help make clinical trials a more accessible treatment option for patients.
With the $11 million investment, the fund is “prepared to support the next generations of entrepreneurs” in Western New York, said fund CEO Thomas Quinn.
Quinn said the fund has received “strong interest” from regional and national investors. It expects to close additional financing by early July.
THE LATEST NEWS FROM BUFFALO NEXT
Keep up to date with news related to Buffalo Niagara’s economy
The state budget is taking shape and contains many items that affect businesses and taxpayers in Buffalo Niagara. Here’s what you need to know:
Taxes: The state is accelerating its tax cut plan for the middle class.
Film industry: A three-year extension of the tax credits is in preparation.
Domestic heating: Geothermal heating systems receive subsidies.
Another Starbucks is unionizing. Thursday’s vote count by the National Labor Relations Board brings to six the number of Starbucks stores in the Buffalo area where workers voted to be represented by Starbucks Workers United.
As the pandemic subsides, office workers are returning – some remaining on hybrid schedules. With the Omicron wave ending and mask mandates lifted, employers are navigating how to bring workers back, for at least part of the week.
Amazon is getting a warmer welcome in Niagara County. After being largely driven out of town by hostility on Grand Island, e-commerce giant Amazon took its $300 million proposal for a massive distribution warehouse to the city of Niagara, where it seemed to find a warmer welcome. favorable from local residents.
Four years after unveiling the first of three separate mortgage fraud indictments against Rochester real estate magnate Robert C. Morgan and several other defendants, the feds on Monday accepted minimal guilty pleas from the son of Morgan, its chief financial officer and a Buffalo mortgage broker, while dropping almost all of its claims against most others.
Daemen University plans to open its own dental school, helping to fill a need for dental professionals in Western New York. Currently, the University at Buffalo School of Dentistry is the only dental school in the region.
Buffalo Wire Works Co. plans to spend $5 million to renovate and expand its east side manufacturing facilities, creating 25 new jobs and earning up to $233,000 in Excelsior Jobs Program tax credits once the new jobs created.
A proposal in Orchard Park would stick pot stores under its zoning section governing adult use because, according to the city supervisor, state law allowing cannabis sales in retail stores and on-site consumption speaks specifically “cannabis for adult use”.
Erie County executive Mark Poloncarz originally wanted the Bills’ new stadium to be in the city of Buffalo, but ultimately lost the idea due to the cost and time it would take to build there. shadow of the city center, as well as the delay caused by justice. fights related to the displacement of residents and the acquisition of property.
Five reads from Buffalo Next:
1. UB’s big bet on its engineering school: A major expansion of the University at Buffalo School of Engineering – through a $102 million construction project – could have a major impact on Buffalo Niagara’s economy and on UB itself.
2. The idea of a “holiday” on the state gas tax fuels the debate: With prices soaring at the pump, lawmakers are considering the idea of suspending state taxes collected on gasoline.
3. As the pandemic subsides, office workers are returning – some remaining on hybrid schedules: With the end of the Omicron wave and the end of the mandate of indoor masks in New York State, employers are taking a fresh look at where their employees work – and new work routines remain in place.
4. Amazon’s megaproject is better received in Niagara despite concerns about traffic: After being driven out of town by hostility on Grand Island, Amazon took its $300 million proposal for a massive distribution warehouse to the city of Niagara, where it seemed to find a more favorable reception from residents. local.
5. Seat licenses will help fund the construction of Buffalo Bills Stadium. Fans wonder: at what price? : Some subscribers are wondering what they will be asked to pay and whether they will be able to afford the new rates.
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