News about tenant/clients
News about tenant/clients of BIA/NYS member incubator programs.
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 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.
Submitted by admin on March 26, 2016 - 3:18pm
Our member The Entrepreneur Space is celebrating its 5th anniversary and also the graduation into commercial space of Little Bird Fire Bites, which produces chocolate-covered jalapeño treats. In his executive director's newsletter, Queens Economic Development Corporation's Seth Bornstein recounts:
They rented the Entrepreneur Space for their first shift in May 2013. Then, they refined their recipes. They learned how to transform a product they used to make in their home kitchen into one that could be mass-produced. They learned how to market their product. Their packaging became professional, and they developed a great website. Slowly, they added additional shifts and staffers. In the last year, demand for their fiery chocolate has grown at a quick clip. (It's sold on line and in specialty stores around the country.) Fast forward to today, and as is the case for all little birds, they are leaving the nest. Late last year, they informed us they were going to move into their own facility because they had outgrown the E-Space. (In fact, they recently had their last shift in Kitchen D.) Over the last three years, they have grown wings, as evidenced by their staff of six and increased revenues.
Submitted by admin on March 19, 2016 - 8:28pm