SUNY TAF S4 Class of 2025 Catalyst Investment Guidelines

This two-page formal guideline defines the 2025 relationship among S4 participation, Demo Day, SUNY IP licensing, and TAF Catalyst Investments.

• TAF reported deploying $4.1 million to 83 SUNY innovations since 2011, which it said leveraged $17 million in follow-on funding.
• The 2025 cycle offered up to two company investments of up to $50,000 each.
• Investments were structured as convertible notes or SAFEs, required agreed milestones, and were made directly to companies.
• Eligibility required SUNY IP, 2025 S4 enrollment, July 30, 2025 Demo Day participation, company formation, and a SUNY license or option by year-end.

• These are Class of 2025 terms and must not be presented as the current 2026 investment offer without updated guidance.
• The document does not establish that ordinary S4 participation takes equity; equity-like terms apply to selected TAF investments.

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