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Cornell Sun previews the opening of Rev: Ithaca Startup Works, the new incubator in downtown Ithaca that leads the Southern Tier Innovation Hot Spot

The Cornell Daily Sun previewed the opening of Rev: Ithaca Startup Works, our member incubator in downtown Ithaca that will lead the state-recognized Southern Tier Innovation Hot Spot. The incubator, which enjoys support from Cornell University, Ithaca College and Tompkins Cortland Community College, will serve entrepreneurs at large throughout the region. It is scheduled to open by fall. The story is here.

Tech Garden's NYSERDA-sponsored Cleantech Center graduates 3 firms, admits 6 new ones to incubation program

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

 

 

Do startups stick to the region where they started? The Post-Standard explores Tech Garden tenant Density as a case study

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. 

ThirtySix Software, tenant at RIT Venture Creations, doubles jobs in past year

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. 

TapCommerce, graduate of NYU Polytechnic Varick Street incubator, acquired by Twitter

TapCommerce, a graduate of the NYU Polytechnic School of Engineering Varick Street incubator, was acquired by Twitter, according to both companies.

Maker's Row, a graduate of the school's DUMBO incubator in Brooklyn, was named to Time Inc's Top 10 NYC Startups to Watch list.

Separately, NYU announced that the German Accelerator will operate its East Coast program from the Varick Street incubator.

NYSERDA case study describes Directed Energy incubator's creative use of purchasing power to accelerate Isolation Sciences

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.

HTR's Lennox Tech Enterprise incubator graduates BZDesign, admits 9 new startups, and will host 3 teams of student entrepreneurs from SUNY Geneseo

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.

 

Biomedical Acceleration and Commercialization Center (BACC) at Albany Medical College joins BIA/NYS

The Biomedical Acceleration and Commercialization Center, a 10,000 square-foot, wet-lab-equipped incubator sponsored by Albany Medical College, has joined BIA/NYS as our newest member. The BACC is co-extensive with a START-UP NY zone approved by Empire State Development Corporation for occupancy by state-approved growth companies free of all New York State tax.

For more details on the incubator/accelerator/START-UP NY zone, please see the fact sheet published by the state's START-UP NY program in conjunction with approval of the zone. The in-house champion of the project is Kevin Leyden, the senior VP for business development and strategic partnerships at the AMC. We warmly welcome the BACC to membership.

New York Energy Week highlights tenant/clients of NYU's NYC ACRE clean-energy incubator

Clients of the NYSERDA-sponsored NYC ACRE cleantech incubator at NYU Polytechnic School of Engineering fared well during Energy Week, an event created by ACRE client EnerKnol. Winning top prize at the week's energy showcase was taxi-sharing system Bandwagon, while Radiator Labs was voted the audience favorite.  NYC ACRE clients also dominated a Top 10 Energy Entrepreneurs list released simultaneously by Breaking Energy

Orange County Business Accelerator celebrates 8 graduates as part of 5-year anniversary

The Orange County Business Accelerator celebrated its eight graduates as part of a 5-year anniversary ceremony attended by County Executive Steve Neuhaus and former executive Edward Diana. Overall, the accelerator's 43 clients have created 125 jobs.

For more details and a photo see the accelerator's news release. Among the graduates celebrated were Continental Organics and Sabila Aloe Drink, both of which grew in the Accelerator on their way to taking large industrial space in the county. The accelerator is now a certified NYS incubator recognized by Empire State Development's NYSTAR division. 

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