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The Governor today announced the establishment of the Finger Lakes Forward Venture Capital Fund (FLX Fund). The $25 million targeted investment fund will provide early-venture stage capital investments ranging from $500,000 to $1.5 million for startup companies in key high-tech industries such as advanced manufacturing, life and material sciences, optics, photonics & imaging and others. The fund will be managed by Excell Technology Ventures, an offshoot of Excell Partners, and was a priority project identified to help increase access to capital for growing companies in the FLREDC’s Finger Lakes Forward Upstate Revitalization Initiative strategic plan.