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Bonded Energy Solutions profiled by InnovateLI

Continuing a review of companies being incubated by the NYSERDA-sponsored Clean Energy Business Incubator Program (CEBIP) at Stony Brook University, InnovateLI profiled startup Bonded Energy Solutions.

The company brings sensor-controlled heating zones and other technological improvements to conventional steam-heat systems. Its system is being tested and validated in a Bronx apartment building in a trial managed by the New York State Pollution Prevention Institute at the Rochester Institute of Technology. 

Tech Garden 10th anniversary: recap of media coverage

Our founding member The Tech Garden, which turned an abandoned parking garage in downtown Syracuse into a hub of innovation and entrepreneurship for the entire Central New York Region, recently marked its 10th anniversary with a daylong celebration.

Events included a pitch contest managed by LaunchNY; a food-truck rodeo on streets surrounding The Tech Garden; a tour of the emerging "innovation district" (tech corridor) anchored by the incubator and its recent expansion into the AXA Towers; and a gala dinner. Here is a recap of media coverage:

  • the official news release from CenterState CEO, recognizing a range of partners and sponsors;
  • a highly praising editorial appearing on the Post Standard's syracuse.com website recognizing that "[b]eyond creating companies and jobs, The Tech Garden has created an entrepreneurial ecosystem that supports startups and accelerates growth";
  • additional event coverage at public radio stations WAER (Syracuse) and WRVO (Oswego);
  • a Tech Garden news release on the pitch contest, and special coverage by the Southern Tier Startup Alliance of the first prize awarded to Maidbot of Ithaca. 

As we have previously noted, the presence of The Tech Garden has helped aggregate for Central New York a series of entrepreneurial resources including a state-designated Innovation Hot Spot; a NYSERDA-sponsored clean-energy incubator (the Cleantech Center); a university technology commercialization fund financed by the NYS Innovation Venture Capital Fund; a pre-seed investment competition (the Germinator); an a state-funded business accelerator (GENIUS NY) focusing on data analytics. 

Among the 12 latest START-UP NY approvals, more locations at our member incubators

Among the 12 companies approved most recently for the START-UP NY tax-free zones, five will collocate with our member incubators:

For more information, see the news release from Gov. Andrew Cuomo's office. 

NYU announces state recognition of two companies incubated by NYC ACRE and other milestones

The incubator programs at NYU's Polytechnic School of Engineering announced that two startups assisted by the NYSERDA-sponsored NYC ACRE incubator were selected for demonstration projects as part of New York State's energy-markets transformation initiative known as Reforming the Energy Vision.

They are Smarter Grid Solutions, which provides network management tools for distributed energy, and Sealed, which allows homeowners to monetize their investments in energy-efficiency upgrades. For more information, see NYU's news release.

In other milestones, NYU also announced the hiring of Pat Sapinsley as director of cleantech initiatives. She will oversee the NYC ACRE incubator and other related initiatives based at Brooklyn's Metro Tech Center.

Finally, the Varick Street and DUMBO incubator sites announced the entry of the following new startup companies into the program:

Wave-energy startup Brimes Energy profiled by InnovateLI

Brimes Energy, a wave-energy startup client at the NYSERDA-sponsored Clean Energy Business Incubator Program at Stony Brook University, was profiled at InnovateLI. The company, founded by a serial entrepreneur, has already received seed funding from angel investors and targets applications including desalination. 

A video interview by Long Island Business News with company CEO Ram Maramara is here and also embedded after the break. 

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BNMC Innovation Center announces four new companies joining its bioscience incubator

The Thomas Beecher Jr. Innovation Center at the Buffalo Niagara Medical Campus announced addition of four new tenants to its new life-science incubator building at 73 High Street. All four leverage the Innovation Center's location at the heart of a rapidly growing medical district and research park:

  • Healthcare Hub, a wholesaler of medical supplies, relocated from Tennessee;
  • Rehoboth, develping a diagnostic biosensor;
  • DeconSure, which is relocating from the United Kingdom, focusing on decontamination and sterilization procedures for hospitals and bioscience manufacturing; and 
  • Photlitec LLC, a spinoff from the Roswell Park Cancer Institute (also a BNMC resident) that is developing photodynamic cancer therapies.

For more information, see the BNMC news release

New IncubatorWorks facility at ELM Airport Park targets advanced-manufacturing companies

Alfred Technology Resources, which sponsors advanced-materials-technology incubators in Alfred and Corning, added a third site and rebranded itself IncubatorWorks.

The third site, which is situated at the former Schweizer Aircraft building at Elmira-Corning (ELM) Airport Park in Horseheads, will specialize in space for advanced-manufacturing companies. All three sites are now branded under the IncubatorWorks umbrella and participate in the Southern Tier Startup Alliance, the state-designated Innovation Hot Spot, and in START-UP zones certified by the incubators' academic partners. 

For more information see the attached new release and coverage in the Elmira Star-Gazette, WICZ (video here), and the Corning Leader

NYSERDA-supported CEBIP incubator at Stony Brook releases video

The NYSERDA-supported Clean Energy Business Incubator Program (CEBIP) at Stony Brook University has released a video (also embedded after the break) narrated by CEBIP director David Hamilton, highlighting the program's goals and structure and including also short statements by some entrepreneurs served by the program. 

Separately, CEBIP client ThermoLift, which is developing advanced heat-pump technology, was profiled at InnovateLI. ThermoLift, which occupies incubator space in the university's Advanced Energy Research and Technology Center at the R&D Park, is an excellent example of CEBIP's targeting of startups with physical products rather than apps or software. 

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Tech Garden will manage $3m data-oriented accelerator, latest in series of public-private investment pools aimed at generating and de-risking startups

Gov. Andrew Cuomo announced that The Tech Garden, a 10-year-old, multifaceted incubator program in downtown Syracuse that is one of our founding members, will manage a $3 million business accelerator competition aimed at startups with a focus on big data analytics, cybersecurity, and data-driven manufacturing. For more details, see Gov. Cuomo's news release

The accelerator, named GENIUS NY (for Growing ENtrepreneurs & Innovators in UpState NY), is the latest in a series of innovative programs at The Tech Garden that deploy a mixture of public and private funding to generate and de-risk investment opportunties for angel and VC funds both in the Central New York region and beyond:

  • The Cleantech Center, contracted by NYSERDA to incubate clean-energy startups;
  • The Germinator, a phased pre-seed investment competition under which the grand winner will gain $250,000 in capital; 
  • Grants for Growth, a long-standing program of The Tech Garden's parent CenterStateCEO, which will manage a $1.5 million university technology-commercialization fund provided by the NYS Innovation Venture Capital Fund; and
  • The ESD-designated Innovation Hot Spot for Central New York, providing entrepreneurial support and tax relief for startups situated at incubators throughout the region. 

Together, these programs provide an unmatched resource for entrepreneurial development. We congratulate our member The Tech Garden and look forward to further announcement of matching arrangements with private-sector investors. 

The Center opens new incubator space in downtown Binghamton

The Center, one of our newest members and also part of the Southern Tier Startup Alliance, recently held the grand opening of its new incubator on Court Street in downtown Binghamton. The Center is a program of The Agency (formerly the Broome County IDA). The opening was covered by the Binghamton Press & Sun Bulletin pressconnects website

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