News about tenant/clients

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

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. 

Embark and Ecolectro enter McGovern Center life sciences incubator at Cornell

Embark Veterinary, which is developing a new gene-based testing platform for canine health, and Ecolectro, which is developing novel polymer materials for alternative-energy applications, are the newest tenant/clients admitted to the McGovern Family Center for Venture Development in the Life Sciences at Cornell's main campus in Ithaca. 

According to a university news release, Embark was cofounded by a Cornell faculty member and his brother (who is serving a the CEO), and Ecolectro's CEO and CSO are both graduates or soon-to-be graduates of doctoral programs at the university. 

Ecolectro last year participated in the NYSERDA-sponsored NEXUS-NY proof of concept center, a pre-incubator program operated by our member High Tech Rochester. 

NYU Tandon incubator program reviews entrants, graduations, funding rounds for 2015

The three incubators associated with NYU's Tandon School of Engineering welcomed 21 new entrants including six at the NYSERDA-supported NYC ACRE clean-energy incubator, according to a year-end review published by the NYU Tandon news office.

Milestones reported by incubator clients during the year included several major funding rounds, graduations and awards or recognitions:

  • Agrilyst won Tech Crunch Disrupt.  
  • Bounce Exchange moved into the New York Times Building and is expanding to Germany and Singapore.
  • Clarifi, a Varick Street Incubator tenant, raised a $10 million round of funding and graduated.
  • CB Insights, a graduate of the Varick Street Incubator, raised a $10 million round of funding.
  • Clear Grid Innovations won Second Prize at Columbia University's Energy Symposium.
  • EVBox , the EU’s leading electric vehicle charging company, launched its American operations at NYC ACRE.
  • Pure Energy Partners helped to create and launch the new Carbon X prize for carbon emissions reduction.
  • Sistine Solar won a coveted $1million SunShot grant from the U.S. Department of Energy.
  • StyleSage won a “Game Changer” Award in Europe.
  • Swyft Media graduated from the Varick Incubator by way of acquisition.
  • United Wind, an NYC ACRE graduate, secured $13.5 million in financing for small-scale wind leases.  
  • Verizon Powerful Answers awarded two companies $250,000: Radiator Labs and Books that Grow.
  • Three companies—BlocPower, Smarter Grid Solutions, and Sealed—won New York State Reforming the Energy Vision (REV) demonstration / NY Prize contracts.  

The university reports a 90 percent survival rate for the incubator program. Of 64 firms graduated since the program opened in 2009, some 56 remain operational. The year-end review also recaps the 5 companies approved by the state for residency in tax-free START-UP NY space collocated with the three incubators.

Separately, NYU Tandon also reported the inclusion within the DUMBO incubator of Prosper, a new pre-incubator for veteran-led startups. 

 

 

Two acquisitions among 2015 milestones for UB Technology Incubator

Two companies that either reside in or trace their roots to the UB Technology Incubator were acquired during 2015, according to a year-end review of six acquisitions, funding rounds, and federal funding published by the University at Buffalo news office.

Acquired were Refulgent Systems, developer of the Ambur app for restaurant management, and Cloud62, a Salesforce.com implementation partner. The former was acquired by competitor ShopKeep, based in New York City, and the latter by a Chicago-based consultancy. 

Separately, UB also published summaries of the companies admitted into other UB-affiliated space as part of the (previously reported) most recent round of approvals under the state's tax-free START-UP NY program. 

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