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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.

International Business Times visits BotFactory, a venture at NYU's DUMBO Incubator that is creating rapid-prototyping tools for electrical engineers

International Business Times recently visited BotFactory, a venture based at NYU's DUMBO Incubator that is developing an electronic-circuit printer.

Started by several former students at NYU Polytechnic School of Engineering, BotFactory is aiming to provide electrical engineers with rapid-prototyping tools analogous to the 3D printers now commonly used by industrial designers. For more information, see the International Business Times story and video.

The BNMC Innovation Center and entrepreneurial support systems: blog entry by Pat Whalen

The role of incubators in feeding and sustaining a regional entrepreneurial support system is the focus of a fascinating blog entry by Pat Whalen, the COO of the Buffalo Niagara Medical Campus:

In 2010 we opened [our supporting member] the Thomas R. Beecher, Jr., Innovation Center as a place for start-up companies. At that time, there were two companies in the building. Today, we have over 60 companies in the building, and all but two are still managed by their founders. We also have companies that provide business support to the entrepreneurs such as: attorneys, creative services, technology and finance. While renting or leasing space to start ups is risky business, it is vital to the entrepreneurial ecosystem. However, providing space is really just the tip of our mission. Our mission is to help the entrepreneurs grow their enterprises and ultimately “graduate”. By doing this well, we create tenants for area real estate developers. . . . I’m so proud of this collaborative environment we have created here, and it’s working! To date, we have three successful “graduate” companies from the suites and are working to launch one more in the coming months. Three of the four companies have gone on to other commercial real estate around the city.

A serial entrepreneur who has started more than 20 companies and sold one to a Fortune 50, Pat is the champion of the Innovation Center and its co-working space d!g. He's joining our board of directors this year. For the full blog entry, go here.

Tech Garden adds space in AXA Tower to leverage designation as Innovation Hot Spot for CNY

The Tech Garden, one of our founding supporting members, is expanding into 18,300 square feet of space on the ground floor of AXA Tower 1, directly across the plaza in downtown Syracuse where the incubator is situated. The expansion is intended to maximize the recent designation of The Tech Garden as leader of a state-designated Innovation Hot Spot for the Central New York region, according to the just-released 2014 annual report of CenterStateCEO, the sponsor of the incubator. 

Empire State Development makes formal awards to Hot Spots/Incubators

Commissioner Kenneth AdamsMatt WatsonMike Ridley

Thirteen of our member incubators were formally awarded status as Innovation Hot Spot leaders or NYS Certified Incubators, in a ceremony conducted in Albany by New York State Commissioner of Economic Development Kenneth Adams, ESDC/NYSTAR Division Director Matt Watson, and NYSTAR Director of Business Development Mike Ridley.

Here is a full gallery of photos from the awards ceremony. We will update this post when a formal news release is available. For more background on these programs, see our prior coverage. To determine if a member incubator leads or participates in an Innovation Hot Spot or holds Certified Incubator status, you can search our member database

Congratulations to our members, and good luck to those who will be competing in the downstate round of competition for Innovation Hot Spots coming up this spring.