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Clarifai, tenant of Varick Street incubator, raises $10m round and graduates to commercial space

Clarifai, an image-recognition startup at the Varick Street incubator of NYU's Polytechnic School of Engineering, raised a $10 million A round of venture capital and graduated to commecial space, according to coverage in Crain's New York Business. The milestone raises to $721 million the total valuation of the incubator program's 50 graduates, according to NYU vice dean Kurt Becker, quoted in the Crain's article. 

LI media profile three clients of CEBIP incubator at Stony Brook

Regional media profiled three clients of Stony Brook University's NYSERDA-supported Clean Energy Business Incubator Program (CEBIP):

  • InnovateLI.com covered Brimes Energy, a developer of novel technology to generate electric power from ocean waves;
  • The Stony Brook Independent posted two profiles:
    • Bonded Energy Solutions, developing wirelessly controlled zones for the steam-heat systems found in urban apartment buildings; 
    • ThermoLift, developer of advanced thermal heat pumps, and a resident of the university's Advanced Energy Research & Technology Center.

Incubator tenants take first place in statewide & regional business-plan competitions

Statewide and regional business plan competitions selected tenants of our member incubators as first-place winners: 

 

Latest START-UP NY approvals again include incubator locations

The latest group of companies approved for the state's tax-free START-UP NY program once again include several firms collocating with our member incubators, several of them inward recruits to the state:

  • The Advanced Biotechnology Incubator at SUNY Downstate will host ItechUSA, Inc., which is developing electronic health systems.
  • High Tech Rochester's Lennox Tech Enterprise Center will host Temeda, LLC (dba eStork), a software platform connecting health providers to deals on medical supplies; FillShift, LLC, a platform to match shift workers with employer needs; and Dogways, Inc., developing software aimed at pet owners.
  • The Baird Research Park at University at Buffalo, which is anchored by the UB Technology Incubator, will host Geocove, Inc., a company moving from Florida, which provides GIS tools; and Natural Energy Systems, a Canadian company that converts organic waste to renewable fuel.
  • The Southern Tier High Technology Incubator, currently under development, will temporarily house two companies at the Binghamton University Engineering and Science building: Baceapp Corp., a firm moving from North Carolina, which is developing a software platform to connect commercial building owners to service suppliers; and LightSpin Technologies, Inc., moving from Maryland and Connecticut, which is developing high-performance components based on compound semiconductors. 

For more information and the complete list of approvals, see the news release from the office of Gov. Andrew Cuomo. 

McGovern Center bioscience incubator admits Repairogen, skin-repair startup based on Cornell discovery

Repairogen, a startup developing a "cosmeceutical cream" aimed at reversing skin damage from UV exposure of the kind that leads to skin cancer, has been admitted as the newest tenant/client at the McGovern Family Center for Venture Development in the Life Sciences, a bioscience incubator at the unviersity's main campus in Ithaca. The technology was licensed from Cornell, based on protein discoveries made by Prof. Pengbo Zhou at Cornell's Weill Medical College in New York City. Repairogen is venture-capital-backed. For more information, please see the university news release. The McGovern Center is hosting and sponsoring our upcoming annual meeting. 

Four LLC, a nutrition-technology company, joins BioInc@NYMC incubator as fourth tenant

Four LLC, a nutrition company developing products aimed at curbing food craving, joined the BioInc@NYMC incubator as its fourth tenant, according to a news release from incubator sponsor New York Medical College. 

Southern Tier Startup Alliance joins BIA/NYS

The Southern Tier Startup Alliance, a state-designated, university-affiliated Innovation Hot Spot including five of our member incubators, has taken a separate membership in BIA/NYS in its own right. The BIA/NYS members comprising the Southern Tier Startup Alliance are:

We thank all the members for their strong support. 

U.S. EDA recognizes two NYS incubator/accelerator programs with grants from newly enhanced Regional Innovation Strategies programs

The U.S. Department of Commerce Economic Development Administration has reinforced two NYS incubator programs (both members of our association) with significant awards under components of the newly expanded Regional Innovation Strategies program.  

According to a news release from U.S. EDA, the following awards were made:

  • $399,585 from the i6 Challenge Program to the Albany Medical Center Biomedical Acceleration and Commercialization Center (BACC), and an additional $124,910 from the Cluster Grants for Seed Capital Program toward planning for an associated (BACC)SEED Fund.
  • $500,000 from the i6 Challenge to the Southern Tier Startup Alliance (the NYS-designated regional Innovation Hot Spot, which is joining the association as an entity separate from the several distinct incubator sites that comprise its regional network).

The i6 Challenge is the fourth cycle of a national competition supporting targeted, high-impact federal investments in cluster formation through startup creation, innovation and commercialization. The Cluster Grants program provides funds to support planning for cluster-based seed-capital investment funds.

How incubators and related programs can leverage federal, state, and local funding to deliver services to entrepreneurs more effectively is precisely one of the topics we will be exporing at our 2015 annual meeting, which features a panel on this topic and as lunch speaker Ms. Julie Lenzer Kirk, director of U.S. EDA's Office of Innovation and Entrepreneurship (which operates the Regional Innovation Strategies).

Genesee County's MedTech park adds Innovation Zone coworking space

A new 1,400 square-foot coworking space branded as the Innovation Zone will open at the Upstate MedTech Park, in the same building as our member the Bruce A. Holm MedTech Centre incubator. Buildout will be accomplished with a $50,000 grant from National Grid. For more information, please see the attached news release and this presentation

The Innovation Zone and the MedTech Centre incubator anchor a 34-acre MedTech park in Batavia, situated across the road from SUNY's Genesee Community College, and qualifying as a START-UP NY tax-free zone.

The park sponsor Genesee County Economic Development Center is also partnered with two state-designated regional Innovation Hot Spots (WNY and Finger Lakes) that may grant other kinds of tax relief and provide a network of entrepreneurial support at other incubators. 

 

Jobs: The Technology Farm searching for entrepreneurial support staff

Our member The Technology Farm, also known as the Cornell Agriculture and Food Technology Park in Geneva,