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Rev: Ithaca Startup Works announces acquisition of Push Interactive, from first wave of tenant/clients

Push Interactive, one of the first tenants of our member Rev: Ithaca Startup Works, has been acquired by local custom software developer GORGES, Inc., according to news releases from Rev and from Cornell University, one of the downtown incubator's three collegiate co-founders.

Push Interactive, developed by recent graduates of Ithaca College (another Rev founder), provides Bluetooth "beacons" that allow retailers to interact directly with visiting customers. According to the news release, the acquisition was catalyzed by Rev entrepreneur in residence Brad Treat. Rev's leader Tom Schryver also coordinates the state-recognized Southern Tier Innovation Hot Spot consortium. 

 

NYU posts job opportunity: manager of cleantech initiatives

The NYU Polytechnic School of Engineering has posted a job opportunity for manager of cleantech initiatives. The position directs the Urban Future Lab, a space in downtown Brooklyn's MetroTech Center that houses several programs including two of our NYSERDA-supported members: the New York City Accelerator for a Clean and Resilient Economy (NYC ACRE) and the NYU site for the multi-institutional PowerBridgeNY proof of concept center for cleantech innovations. 

Brooklyn Fashion + Design Accelerator wins coverage for its 'Cloud Couture' exhibit

Our member the Brooklyn Fashion + Design Accelerator won broad media attention coinciding with its well received "Cloud Couture" exhibition during New York Fashion Week, covered in the widely read "About New York" column of The New York Times. The Pratt Institute-affiliated incubator also won coverage in Crain's New York Business, which focused on New York City's efforts to revive the fashion/garment manufacturing sector, and in Women's Wear Daily

Tech Garden adds expansion space, new-business competition; affiliate will manage $1.5m for tech commercialization from NYS Innovation Venture Capital Fund

Our supporting member The Tech Garden opened an 18,000 square-foot expansion wing and launched a $600,000 new-business competition. In addition, the sponsoring CenterState Corporation for Economic Opportunity won a $1.5 million allocation from the New York State Innovation Venture Capital Fund. The Tech Garden also manages the state-designated Central New York Innovation Hot Spot consortium. 

  • The Tech Garden II, opened in newly renovated space on the ground floor of the adjacent AXA Tower 2, eases capacity constraints at the main Tech Garden incubator and provides space for companies certified under the state's START UP NY tax-free program, operated in conjunction with Syracuse University. Tech Garden II will also house the closely affiliated NYSERDA-sponsored Cleantech Center. For information, see the news release from CenterState CEO. 
  • The new-business competition, called The Germinator, will award a total of $600,000 in equity investments made in increasingly competitive funding rounds every six months over two years. In addition to business advice and mentoring, participants may use the services of DevBox, an in-house development shop established by the resident Syracuse Student Sandbox. For more information, see a second news release from CenterState CEO.
  • The Grants for Growth university/industry matching-grant program operated by the Tech Garden's sponsor CenterState CEO will now also manage $1.5 million in funds provided by the NYS Innovation Venture Capital Fund. The money will be used for pre-seed investments in technology commercialization from universities across 22 upstate counties, according to a news release from the office of Governor Andrew Cuomo.

 

First group of approvals for tax-free START-UP NY status in 2015 includes nine to co-house with our member incubators

The first group of companies approved in 2015 for tax-free status under the state's START-UP NY tax-free program includes several additional firms that will be cohoused with our member incubators, according to a news release from Gov. Andrew Cuomo. Companies approved for the program must be adding net new jobs to the state, either through relocation or startup, or else may be graduates from certified incubator programs. Here are the latest companies that will lodge with our members:

 

Southern Tier REDC award to Ceramics Corridor parent will support 50 advanced-manufacturing jobs at former aircraft manufacturing site in Big Flats

Some 50 advanced-manufactuirng jobs will be supported when our member the Ceramics Corridor incubator opens a third site, in 45,000 square feet leased from Chemung County Industrial Development Agency at the Schweizer Aircraft building on the former Sikorsky campus in Big Flats, according to coverage in the Elmira Star-Gazette.

The newspaper story provides additional detail on Southern Tier Regional Regional Economic Development Council award noted previously on our website. Alfred Technology Resources Inc., the parent of the incubators, is combining a $300,000 REDC award with $150,000 from the Appalachian Regional Commission for broadband access, and a $600,000 loan form the IDA, according to the story.

Alfred Technology Resources already operates two Ceramics Corridor incubators, one in Painted Post, near Corning, and a second in Alfred, the site of the New York State College for Ceramics at Alfred University. Both sites are affiliated with their respective region's Innovation Hot Spots. 

 

Buffalo News recognizes role of UB incubators and the BNMC in growing cluster of biomedical startups

In a survey of Buffalo's growing cluster of bioscience startups — as many as 275 at all stages of development in life scieces, biotechnology and medical technology — The Buffalo News recognizes several especially promising companies, several of which are tenant/clients of our supporting member SUNY's University at Buffalo:

Nearly all the other companies on the News's list are situated in institutional buildings or standalone commercial structures on the Buffalo Niagara Medical Campus (BNMC), a rapidly growing downtown research park, which is also one of our members, on behalf of its Thomas Beecher Jr. Innovation Center. The Innovation Center incubator was recognized as home to Everon Technologies. 

The full article is here.

Syracuse media feature rapid growth of Tech Garden tenant Swipe to Spin into new markets

Swipe to Spin — a tenant of The Tech Garden incubator that sells technology to enable 360-degree product views on websites — is on a "hiring spree," according to coverage on the Syracuse Post-Standard's syracuse.com website.

The story recounts how adding a new market in auto dealerships has enabled the company to quadruple its workforce to 25 over the last several months, and to plan adding 50 more jobs by the end of 2015. Although the company maintains a four-person office in New York City, 95 percent of the new jobs will be created in Central New York, where the founders are from, and the company has no plans to relocate. For the full story, read here

BioInc@NYMC admits first three tenants

Three initial tenants have joined the BioInc@NYMC incubator, according to coverage in the Mid Hudson News linked on the college's website. The three initial entrants are: Conversion Energy Enterprises, which develops medical lasers; MB Group USA, which produces food sweeteners tailored to specific medical needs; and MOE Medical Devices, developer of therapeutics based on cold electrical plasmas.  More local media coverage here

 

UB Technology Incubator to add coworking space 'tenX'

The University at Buffalo Technology Incubator, one of the state's longest-standing and most successful incubator programs, will add a new 1,400-square-foot coworking space dubbed tenX. The UB Technology Incubator joins a growing number of our member incubators that operate or house a co-working space as part of a broader, fully developed business-incubation program. More media coverage in Buffalo Business First here.

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