Submitted by admin on June 30, 2016 - 12:00am
Esther Vargas, director of RPI's Emerging Ventures Ecosystem and a new member of our own association board of directors, has also just been elected to the board of directors of the International Business Innovation Association (InBIA, formerly the National Business Incubation Association). For more, please read the InBIA news release.
This is the first time ever we have had a director in common between the national and state associations, and the first NYS-based director of InBIA in many years. Our warmest congratulations to Esther!
Submitted by admin on June 13, 2016 - 8:46am
Our 2016 annual meeting, held this year at thINCubator in Utica, attracted more than 90 attendees from around the state. At the meeting, we announced a management transition. Marc Alessi, an attorney, entrepreneur, and former state Assemblyman, will take over from David Hochman as the next executive director of the BIA/NYS. A biography of Marc is attached.
For the second year in a row, we marketed our meetings in partnership with the Upstate Venture Association of New York (UVANY), which held one of its regional meetings the night before, also in thINCubator. The day before, our sponsor NYSERDA also held a meeting of its clean-energy incubation contractors together with partners at Empire State Development's Division of Science, Technology and Innovation (formerly known as NYSTAR).
Our featured lunch speaker was Dr. Danielle Merfeld, vice president and director for electronic technology systems at GE Global Research. She spoke about opportunities for entrepreneurial startups statewide that may be opened up by GE's $2 billion investment in a power-electronics packaging line in Utica. Her presentation is attached.
Welcome remarks were given by Dr. Randall VanWagoner, president of Mohawk Valley Community College, which sponsors thINCubator, the regional Innovation Hot Spot, and the regional Manufacturing Extension Partnership node. We thank President VanWagoner for joining us for so much of the morning session. We were also greeted by a staff member for Assemblyman Anthony Brindisi, who represents thINCubator's district.
The meeting featured a programmatic update from thINCubator, represented by Frank DuRoss, head of institutional advancement and the college foundation at MVCC, and at Griffiss Institute (a NYS Certified Business Incubator) represented by Bill Wolf. Presentations are attached.
Following these presentations, outgoing executive director David Hochman moderated a panel discussion with Martin Babinec, founder of Upstate Venture Connect, and Alicia Dicks, the CEO of the Community Foundation of Herkimer and Oneida Counties. The topic was ways in which private wealth can be mobilized in both the non-profit and for-profit sectors to support innovation, incubation and entrepreneurship, as exemplified by certain initiatives under way in the Mohawk Valley. (No presentation available.)
Next Bill Wolf moderated a panel featuring Brian Abbe, the head of the Office of Research and Technology Applications (ORTA) at the Air Force Research Laboratory Information Directorate (AFRL RI) at Griffiss Business and Technology Park and Evan DeGennaro of NYSTEC, a non-profit IT consultancy that assists in bringing applications of AFRL intellectual property to bear in the public sector. NYSTEC also sponsors our member IgniteU NY in Troy.
We heard updates from our state partners: Nikita Hardy, representing Matt Watson of Empire State Develpment/STI; and Steven A. Taylor, representing Senator Martin Golden of the Senate Select Committee on Science, Technology, Incubation and Entrepreneurship.
At the business meeting, the membership of BIA/NYS confirmed the following additional members:
- Queens College Tech Center Incubator
- CUNY Hub for Innovation and Entrepreneurship
- The Knotel
- STEAM Garden
- Hofstra Center for Entrepreneurship
- IgniteU NY
- i518 Innovation Hot Spot
- Entrepreneurship and Technology Innovation Center (ETIC) at New York Institute of Technology (NYIT)
- LaunchPad Long Island
The membership also confirmed to full terms three directors who had been serving short terms to fill vacancies:
- Mike Riedlinger (representing High Tech Rochester's incubator programs)
- Tom Schryver (representing Rev: Ithaca and the Southern Tier Startup Alliance)
- Esther Vargas (represeting RPI's Emerging Ventures Ecosystem and Tech Park). Esther has also just won election to the board of the International Business Innovation Association (iNBIA), formerly the National Business Incubation Association. We warmly congratulate her!
We thank our sponsors NYSERDA; the Research Foundation for SUNY; Marshall & Sterling Insurance; the New York State Economic Development Council; Bond, Schoeneck & King; thINCubator; Griffiss Institute; and UVANY!
Submitted by admin on June 3, 2016 - 10:54am
Submitted by admin on May 30, 2016 - 8:44pm
Clarkson University, which operates the Peyton Hall business incubator, held groundbreaking ceremonies for additional incubator space in nearby Damon Hall and at Old Main, the old administration building at the heart of the university's former campus in downtown Potsdam:
A separate university news release also profiles The Robot Zone, a student-initiated business focusing on STEM education that has now graduated from the Peyton Hall incubator and operates from commercial space on Main Street.
Submitted by admin on May 30, 2016 - 8:30pm
Two startups commercializing technology from the Air Force Research Laboratory Information Directorate (AFRL/RI) won $25,000 apiece at the latest demo day of the Commercialization Academy held by the Griffiss Institute and Wasabi Ventures:
- Xompass FaaS, a service platform providing intelligence to the energy industry, won the judges' vote; and
- OneTouchTrust, which combats identity theft, won the audience vote.
Principals of AFRL/RI, Griffiss Institute, and Wasabi Ventures, which collaborate on the Commercialization Academy are all on the agenda at our annual meeting, scheduled to speak broadly about ways incubator-based startups across the state can leverage the AFRL/RI in Rome and the defense-industry supply chain.
For more background on the winners, please see the Griffiss Institute news release.
Submitted by admin on May 19, 2016 - 10:29am
LaunchPad Long Island, a multi-site incubator, coworking, and acceleration program, has joined BIA/NYS as our newest supporting member. The four operating sites for LaunchPad are Great Neck, Huntington, Mineola, and NYIT with a fifth arrangement with Stony Brook University's LIHTI to be announced shortly.
Started by investor-entrepreneur Andrew Hazen, LaunchPad LI is a combination of an incubator operator and a non-profit acceleration program that provides services across five sites, three controlled by the company itself and two at our existing supporting members (NYIT's ETIC and Stony Brook University's LIHTI). The nonprofit affiliate of LaunchPad has been designated as a Certified Business Incubator by Empire State Development's Division of Science, Technology and Innovation.
The principals of LaunchPad also operate a seed fund, but tenant/clients are not required to be in the investment portfolio. Finally, LaunchPad also has a robust program of public events, including pitch nights and Long Island Tech Day that has expanded dramatically to attendance of nearly 3,000 at Mitchell Field in the last two years. We warmly welcome LaunchPad Long Island and all its affiliates to membership!
Submitted by admin on May 19, 2016 - 8:31am
The Zahn Innovation Center at City College of New York (CCNY) announced the selection of four grand prize winners in its annual venture competition focused on the CCNY community. The winners receive an automatic spot in the incubator's summer accelerator program and invitations to commercial accelerators:
- VeriPAD, an app to authenticate medication delivery in developing countries, won the $25,000 Zahn Social Impact Prize and will use the funds to test in Kenya and Lebanon.
- Hybridia, a tool for laparoscopic surgery, won the $25,000 Zahn Technology Prize and will use the funds to test a prototype in NYC hospitals;
- StreetLabs, a technology for monitoring NYC road repair, won the $25,000 Standard Chartered Women+Tech4NYC prize and will use the funds to test in Upper Manhattan with NYC DOT;
- Applied Motions, a wearable that uses biofeedback to increase athletic performance while preventing injury, won the $50,000 Kaylie Connected Devices prize and will use the funds for manufacturing and testing.
Four runners-up also won $5,000 each. For more information, please see the Zahn Center's news release.
Submitted by admin on April 25, 2016 - 3:39pm
Startups being incubated by several of our Rochester-area member incubator programs won all three top prizes at the annual Rochester Venture Challenge:
- Tencar, Inc., developer of a novel system for ostomy-bag users, based at the Innovation Zone at MedTech Centre operated by Genesee County Economic Development Center, won the grand prize of $25,000 in cash. For more information, see coverage in The Batavian or The Daily News.
- NullSpace VR, a student-initiated venture housed in the UR student incubator at High Tech Rochester's Lennox Tech Enterprise Center, won second prize of $5,000 in cash and additional rent credits at HTR. For more information, see this profile of the student incubator in The Democrat and Chronicle.
- Molecular Glasses Inc., a developer of organic LED materials, currently manufacturing at Eastman Business Park and a client of both RIT's Venture Creations incubator and the NYSERDA-supported NEXUS-NY proof of concept center operated by High Tech Rochester, won third prize of $2,500 in cash plus rent credits. For more information, see coverage of Molecular Glasses in The Democrat and Chronicle.
Another Venture Creations client, Cenify, LLC, was a runner-up in the challenge. For more information on the annual Venture Challenge, see HTR's news release.
Submitted by admin on April 8, 2016 - 9:15am
The Peyton Hall Incubator at Clarkson University highlighted several of its 34 resident firms during a recent tour for St. Lawerence County officials, timed to coincide with release of a regional economic-development strategy commssioned from McKinsey by the New York Power Authority.
According to news coverage in the Watertown Daily Times and North Country Now, Peyton Hall tenants have raised $10 million in private capital. The Shipley Center for Innovation at Clarkson supports not only the incubator in downtown Potsdam, but a network of five satellite locations across the North Country region, through a state-designated Innovation Hot Spot.
Submitted by admin on April 8, 2016 - 9:29am
Five teams developing clean-energy/cleantech startups derived from university laboratory discoveries were admitted into the latest cohort of PowerBridgeNY, a NYSERDA-supported proof of concept center that functions as a pre-incubator.
The winning teams — two each from NYU and Columbia, and one from Stony Brook University — will receive funding to advance "customer discovery" as part of determining the optimal strategies for commercialization.
Decisions were guided by a judging team of industrial scientists and professional venture investors. Teams include an entrepreneurial lead separate from the faculty inventor as well as one or more industrial mentors. For more detail, see the announcement.
Admitted to the program were teams advancing efficient power transformers; clean burning of methane from landfill; a robotic vessel for gathering environmental data in aquatic environments; energy-efficient roof coatings; and biologically mediated cleanup of contaminated sites.