News about tenant/clients

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

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.

UVC visits CNY Biotech Accelerator and its resident startups

The blog for Upstate Venture Connect (UVC) recently visited our member the Central New York Biotech Accelerator at SUNY Upstate, interviewing several resident startups about the benefits they see in the program. For UVC's full report on the Syracuse wet lab incubator, please visit the first link above. 

Gov. Cuomo recognizes NYSERDA clean-energy incubators for attracting $215m in private capital to 141 clean-energy startups

In a news release issued statewide, Governor Andrew Cuomo recognized all six NYSERDA-sponsored cleantech incubators for their role in standing up 141 clean-energy startups, backed by a total of at least $215 million in private capital and representing 980 newly created jobs.

The release highlighted one startup at each of the six NYSERDA-sponsored incubators, all of which are affiliated to some degree with our members. For more information, please see the NYSERDA release

We are proud that NYSERDA is a sponsor of our website, email newsletter, and annual meeting.

MeteoViva leverages German Accelerator partnership with NYC ACRE to start up in the U.S.

MeteoViva, a German software company providing green-building-management for large commercial buildings, is starting up U.S. operations through a partnership between the German Accelerator and the NYSERDA-supported NYC ACRE cleantech incubator at the NYU Tandon School of Engineering.

More information at the university news release. Partnerships like this show how incubators can also serve as "landing zones" that allow existing overseas companies of modest size to integrate themselves more easily into U.S. markets, so they can add employees and investment here. 

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