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News about tenant/clients
News about tenant/clients of BIA/NYS member incubator programs.
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.
Submitted by admin on July 11, 2014 - 9:05pm
Separately, NYU announced that the German Accelerator will operate its East Coast program from the Varick Street incubator.
HTR's Lennox Tech Enterprise incubator graduates BZDesign, admits 9 new startups, and will host 3 teams of student entrepreneurs from SUNY GeneseoSubmitted by admin on June 30, 2014 - 9:47pm
The Lennox Tech Enterprise Center incubator operated by High Tech Rochester admitted to its incubator program nine new startups, of which seven are spinoffs from the university of Rochester. The incubator also graduated BZDesign, which specializes in industrial design and prototyping. For a full list of the admittees see the HTR news release.
Separately, the Rochester Business Journal reported that this summer the Lennox TEC incubator will host three ventures founded by current students at SUNY Geneseo.