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News about tenant/clients
News about tenant/clients of BIA/NYS member incubator programs.
Tech Garden's NYSERDA-sponsored Cleantech Center graduates 3 firms, admits 6 new ones to incubation programSubmitted by admin on July 20, 2014 - 4:57pm
The NYSERDA-funded Cleantech Center operated by our member The Tech Garden announced the graduation of three companies and entrance of six new startups into its clean-energy incubation program. At the Cleantech Center, graduation generally indicates that a firm has developed a complete business plan, leveraged $500,000 in private capital, and sold its first product to paying commercial customers. Collectively, the graduates employ 33 persons in businesses that were just concepts several years ago.
Graduating the incubation program were:
- Cortland Research, which sells wireless-networked energy-management systems;
- Ephesus, which sells solid-state lighting fixtures; and
- Rapid Cure Technologies, which sells coatings that can be cured by energy-efficient and environmentally friendly techniques.
Entering the incubation program were:
- Green, developing recycling processes for electronic circuit boards;
- EkoStinger, developing drag-reducers for truck undercarriages;
- Full Circle Feed, which reprocesses food leftovers into dog treats;
- SparkCharge, which plans to offer a network of charging stations for electric vehicles;
- Windsor Wood, developing a treatment for wood products to enhance strength and durability; and
- Wireless Grids Corporation, provoding energy management systems for the built environment.
The Tech Garden also announced the reopening of its multimedia auditorium and conference center as the Fibertech Networks Theater. For more information, see the news release issued by The Tech Garden's sponsor, CenterState CEO, or coverage at the Post Standard's syracuse.com.
Submitted by admin on July 12, 2014 - 8:41am
ThirtySix Software, a tenant at RIT's Venture Creations incubator, has doubled its workforce to eight during the past year, according to coverage in the Democrat and Chronicle. The firm produces a plug-in to Microsoft Word designed to facilitate re-use of existing content in corporate environments where keeping track of large libraries of approved content is critical.
Do startups stick to the region where they started? The Post-Standard explores Tech Garden tenant Density as a case studySubmitted by admin on July 12, 2014 - 8:32am
Coverage in the Post-Standard's syracuse.com uses the example of Density, a tenant at The Tech Garden, to explore the question of whether startups stay anchored where they were started or relocate in chase of capital.
Density, which is developing systems to help retailers track foot traffic in sophisticated ways, opened a two-person office in San Francisco while keeping two other jobs in Syracuse, citing practical advantages as well as its moral debt to the incubator. Other startups at The Tech Garden have made different choices and were not impeded.
One thing we know about business incubators is that 84% of their graduates choose to remain in-region. Density itself was a spinoff of Tech Garden anchor tenant Rounded, exhibiting another well known synergy of business incubation.
NYSERDA case study describes Directed Energy incubator's creative use of purchasing power to accelerate Isolation SciencesSubmitted by admin on July 11, 2014 - 9:17pm
The first 30 energy-efficient laboratory fume hoods manufactured by Isolation Sciences were produced on order from the NYSERDA-sponsored Directed Energy incubator at our member University at Buffalo. Isolation Sciences is a non-resident client of Directed Energy, based nearby. An excellent case study published on NYSERDA's cleantechNYconnect blog describes this creative use of incubator purchasing power to focus the startup's attention on the final steps of the manufacturing process and on early sales.