News about tenant/clients

News about tenant/clients of BIA/NYS member incubator programs.

Chief engineer of Geri-Safe on the value of the Hardware Accelerator at the STA and Rev: Ithaca

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.

'Little Bird Fire Bites' as a case-study of what the Entrepreneur Space kitchen incubator does to help launch new food products

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.

InnovateLI visits Codagenix, a vaccine developer taking on Zika virus

InnovateLI has published a profile of Codagenix, a vaccine developer cofounded by faculty members at SUNY Farmingdale State College and SUNY Stony Brook University, which is now taking on the Zika virus.

Codagenix began operations at Stony Brook's flagship Long Island High Technology Incubator (LIHTI) and has just relocated to our member Broad Hollow Bioscience Park. More details on the company and its anti-Zika effort in the story

Launch NY makes first seed investment in Buffalo incubator startup

Launch NY, a virtual incubator and "venture development organization" serving multiple counties in Western and Central New York, made its first seed investment of $50,000 in the form of a convertable loan to Rachel's Remedy, a portfolio company of the privately operated Z80 Labs incubator in Buffalo. Rachel's Remedy developed and sells "relief packs" for nursing mothers. 

For more information and background from Launch president Marnie LaVigne, please see coverage in Buffalo Business First. For more background on how Launch NY helped Rachel's Remedy, see also this video, embedded after the break.



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