News about our members
News about incubators that are Members or Supporting Members of the BIA/NYS, posted by the member or through the site administrator.
Submitted by admin on April 25, 2016 - 3:39pm
Startups being incubated by several of our Rochester-area member incubator programs won all three top prizes at the annual Rochester Venture Challenge:
- Tencar, Inc., developer of a novel system for ostomy-bag users, based at the Innovation Zone at MedTech Centre operated by Genesee County Economic Development Center, won the grand prize of $25,000 in cash. For more information, see coverage in The Batavian or The Daily News.
- NullSpace VR, a student-initiated venture housed in the UR student incubator at High Tech Rochester's Lennox Tech Enterprise Center, won second prize of $5,000 in cash and additional rent credits at HTR. For more information, see this profile of the student incubator in The Democrat and Chronicle.
- Molecular Glasses Inc., a developer of organic LED materials, currently manufacturing at Eastman Business Park and a client of both RIT's Venture Creations incubator and the NYSERDA-supported NEXUS-NY proof of concept center operated by High Tech Rochester, won third prize of $2,500 in cash plus rent credits. For more information, see coverage of Molecular Glasses in The Democrat and Chronicle.
Another Venture Creations client, Cenify, LLC, was a runner-up in the challenge. For more information on the annual Venture Challenge, see HTR's news release.
Submitted by admin on April 8, 2016 - 9:29am
Five teams developing clean-energy/cleantech startups derived from university laboratory discoveries were admitted into the latest cohort of PowerBridgeNY, a NYSERDA-supported proof of concept center that functions as a pre-incubator.
The winning teams — two each from NYU and Columbia, and one from Stony Brook University — will receive funding to advance "customer discovery" as part of determining the optimal strategies for commercialization.
Decisions were guided by a judging team of industrial scientists and professional venture investors. Teams include an entrepreneurial lead separate from the faculty inventor as well as one or more industrial mentors. For more detail, see the announcement.
Admitted to the program were teams advancing efficient power transformers; clean burning of methane from landfill; a robotic vessel for gathering environmental data in aquatic environments; energy-efficient roof coatings; and biologically mediated cleanup of contaminated sites.
Submitted by admin on April 8, 2016 - 9:15am
The Peyton Hall Incubator at Clarkson University highlighted several of its 34 resident firms during a recent tour for St. Lawerence County officials, timed to coincide with release of a regional economic-development strategy commssioned from McKinsey by the New York Power Authority.
According to news coverage in the Watertown Daily Times and North Country Now, Peyton Hall tenants have raised $10 million in private capital. The Shipley Center for Innovation at Clarkson supports not only the incubator in downtown Potsdam, but a network of five satellite locations across the North Country region, through a state-designated Innovation Hot Spot.
Submitted by admin on March 26, 2016 - 3:41pm
Over at Upstate Venture Connect, there's an excellent blog entry featuring an interview with Nandita Bal, chief engineer of Geri-Safe, a startup develoing technology to help older adults. In the interview, she describes how her team's venture leveraged the Hardware Accelerator sponsored by the Southern Tier Startup Alliance (the state-designated Innovation Hot Spot) and then decided to enter the Rev: Ithaca Startup Works physical incubator:
The $2,000 in development funds that I received as part of the Hardware Accelerator program was enough to get a functioning prototype–the 3D printer in the Rev prototyping lab helped us test a lot of the small details of our specific designs before considering manufacturing. And the mentors were always there to guide me, so my work never stopped. There are so many events that keep happening at Rev, so the whole community thinks of Rev as the place to come talk about startups. For networking, that was great. The university, the location, the mentorship, the space, the Hardware Accelerator workshop, the network–those are what made me stay in the Southern Tier.
The Hardware Accelerator got started last year with a grant from the U.S. Small Business Administration (SBA). For the rest of the interview, please follow this link.