Based in Saranac Lake, Point Positive, Inc. is an angel investor group founded in early 2014 to provide a mechanism for the private sector to have a role in helping to jumpstart the economy of the Adirondack Region by investing private equity in for-profit early stage ventures. To date, Point Positive members and staff have vetted 47 ventures, provided mentoring to several and committed over $2.26 million in funding to seven. Point Positive is currently working on closing an additional deal.
North Country Innovation Hot Spot
The North Country Innovation Hot Spot Program, hosted by Clarkson University, is a NYS supported program charged with supporting and coordinating the regional entrepreneurial ecosystem. Working with regional economic development partners and Clarkson University research centers, this program has consulted on over 400 projects and facilitated the creation of more than 160 new startup companies across the North Country region. Support is provided in the areas of technology validation, prototying, market research, investor relations and much more.