Organization Hosting and Supporting Entrepreneurs Over 10+ Years in the Greater Adirondacks
August 15, 2024 - Point Positive, Inc., the angel investment organization of the Greater Adirondacks, meets with vetted entrepreneurs for pitch sessions twice a year. August 12, 2024, was the 20th session over the past 10+ years, each typically showcasing 3-4 teams of entrepreneurs, including 11 Minority Women Owned Business Enterprises (MWBE), allowing them to seek equity investment from passionate Point Positive member investors.
Decisions to invest or not are up to the member investors, and the time commitment is tailored to preference – members can lead, mentor, advise, or just monitor and invest individually in fully vetted, promising ventures across multiple industry sectors. The following are the three entrepreneurs:
GreenAcres Processing
GreeneAcres Processing is a start-up industrial hemp processing facility in Lewis County that processes locally produced hemp using regenerative practices.
Savu
Savu is an outdoor wellness experience focused on the cycle of hot, cold, and relaxation based out of the Lake Champlain Region. They design and build luxury saunas and plunge baths that can be rented on an hourly basis.
Museum Traveller
Based out of Jefferson County, Museum Traveller brings the experience of exploring museums, science and wildlife centers, and historical sites on one subscription-based online platform through a laptop or virtual reality headset anytime and from anywhere in the world.
Point Positive member investors are part of a select group of seasoned business leaders dedicated to building opportunity and inspiring innovation to advance the Adirondacks through shared due diligence and smart investing. In 2024, Point Positive reached the $5.4 million milestone in its effort to leverage private investment to achieve economic impacts through entrepreneurship in the Greater Adirondacks. Launched in 2014, the organization has vetted over 75 ventures and financed 14 companies, none directly based on tourism, providing a stronger diversified economy in the Adirondacks. Point Positive estimates that the investments have triggered millions in additional capital, more than 135+ new professional jobs, and 40 to 50 jobs in the coming year.
More About Point Positive
Point Positive provides aspiring professionals the support they need to start or accelerate their businesses and create jobs that help regional communities thrive. The organization accomplishes this through mentoring and education, raising awareness about economic vitality and business opportunities, and assembling angel investors who can fund start-ups and growth.
Point Positive investments include Small Town Cultures, Birch Boys Chaga, Ducted Wind Turbines, Confluent Energies, Black River Valley Natural, Crua Outdoors, REMWell LLC, DakBar, and others. These start-ups include three women-owned businesses. The industries point to a knowledge-based economy, with clean energy, technology, and food being the leading industries for Point Positive investors.
Partnerships with regional colleges and universities such as Clarkson, NCCC, Paul Smith's, and SUNY Plattsburgh, as well as economic development organizations, other angel investment groups, and venture capital funds, further the effort through networking, relationships and a collaborative approach to create jobs and build sustainable businesses to retain graduates and future generations in the Adirondacks.
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