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News about incubators that are Members or Supporting Members of the BIA/NYS, posted by the member or through the site administrator.

Tech Garden adds expansion space, new-business competition; affiliate will manage $1.5m for tech commercialization from NYS Innovation Venture Capital Fund

Our supporting member The Tech Garden opened an 18,000 square-foot expansion wing and launched a $600,000 new-business competition. In addition, the sponsoring CenterState Corporation for Economic Opportunity won a $1.5 million allocation from the New York State Innovation Venture Capital Fund. The Tech Garden also manages the state-designated Central New York Innovation Hot Spot consortium. 

  • The Tech Garden II, opened in newly renovated space on the ground floor of the adjacent AXA Tower 2, eases capacity constraints at the main Tech Garden incubator and provides space for companies certified under the state's START UP NY tax-free program, operated in conjunction with Syracuse University. Tech Garden II will also house the closely affiliated NYSERDA-sponsored Cleantech Center. For information, see the news release from CenterState CEO. 
  • The new-business competition, called The Germinator, will award a total of $600,000 in equity investments made in increasingly competitive funding rounds every six months over two years. In addition to business advice and mentoring, participants may use the services of DevBox, an in-house development shop established by the resident Syracuse Student Sandbox. For more information, see a second news release from CenterState CEO.
  • The Grants for Growth university/industry matching-grant program operated by the Tech Garden's sponsor CenterState CEO will now also manage $1.5 million in funds provided by the NYS Innovation Venture Capital Fund. The money will be used for pre-seed investments in technology commercialization from universities across 22 upstate counties, according to a news release from the office of Governor Andrew Cuomo.

 

First group of approvals for tax-free START-UP NY status in 2015 includes nine to co-house with our member incubators

The first group of companies approved in 2015 for tax-free status under the state's START-UP NY tax-free program includes several additional firms that will be cohoused with our member incubators, according to a news release from Gov. Andrew Cuomo. Companies approved for the program must be adding net new jobs to the state, either through relocation or startup, or else may be graduates from certified incubator programs. Here are the latest companies that will lodge with our members:

 

Southern Tier REDC award to Ceramics Corridor parent will support 50 advanced-manufacturing jobs at former aircraft manufacturing site in Big Flats

Some 50 advanced-manufacturing jobs will be supported when our member the Ceramics Corridor incubator opens a third site, in 45,000 square feet leased from Chemung County Industrial Development Agency at the Schweizer Aircraft building on the former Sikorsky campus in Big Flats, according to coverage in the Elmira Star-Gazette.

The newspaper story provides additional detail on Southern Tier Regional Regional Economic Development Council award noted previously on our website. Alfred Technology Resources Inc., the parent of the incubators, is combining a $300,000 REDC award with $150,000 from the Appalachian Regional Commission for broadband access, and a $600,000 loan form the IDA, according to the story.

Alfred Technology Resources already operates two Ceramics Corridor incubators, one in Painted Post, near Corning, and a second in Alfred, the site of the New York State College for Ceramics at Alfred University. Both sites are affiliated with their respective region's Innovation Hot Spots. 

 

Buffalo News recognizes role of UB incubators and the BNMC in growing cluster of biomedical startups

In a survey of Buffalo's growing cluster of bioscience startups — as many as 275 at all stages of development in life scieces, biotechnology and medical technology — The Buffalo News recognizes several especially promising companies, several of which are tenant/clients of our supporting member SUNY's University at Buffalo:

Nearly all the other companies on the News's list are situated in institutional buildings or standalone commercial structures on the Buffalo Niagara Medical Campus (BNMC), a rapidly growing downtown research park, which is also one of our members, on behalf of its Thomas Beecher Jr. Innovation Center. The Innovation Center incubator was recognized as home to Everon Technologies. 

The full article is here.

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