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BNMC Innovation Cener welcomes six new tenants, celebrates 5 years of expansion and programming

The Thomas Beecher Jr. Innovation Center at the Buffalo Niagara Medical Campus announced acceptance of six new tenants, spanning a range from startups to existing business-service providers focusing on the region's growth economy: 

For more information, please see attached news release. 

In addition, The Buffalo News reviewed five years of accomplishments of the Innovation Center as part of the center's recent annual open house: 

  • 75 resident startups in a traditional incubator floor and other space available for lease on short, flexible terms;
  • Multiple graduations into larger space elsewhere on campus or in the city;
  • Creation of "dig" (short for design innovation garage), a coworking space owned and operated by the BNMC itself;
  • Expansion of the incubator into additional space in two other buildings on the Buffalo Niagara Medical Campus property;
  • Integration of other local activities such as the 43North business plan comeptiton and the Z80 private incubator/investment fund;
  • Creation of "Ignite," a program of business development services available to tenants across the campus.

For more information, see the article

Tech Garden announces six entrants into 2-year 'Germinator' investment competition

CenterStateCEO, the parent organization of The Tech Garden, announced six entrants into the competitive Germinator pre-seed investment program:

  • Euphony, Inc., developing text-to-speech synthesis for speech therapy applications;
  • Life Source Health, Inc., offering real-time vital health information to emergency responders;
  • Sarita's, a sister company to a local food truck, expanding to a line available through grocery stores; 
  • Trainer Engine, a software platform for trainers to manage their clients;
  • Volu, Inc., a volunteer-engagment platform for non-profits and their volunteers; and
  • VossVertical, creating technology to expand the distance and endurance of unmanned aerial (including drones).

Each entrant received a $10,000 initial investment and will compete over the course of the coming two years for additional tranches of investment. The grand winner will have received $250,000 in investment over hte course of the program. For more information, see the CenterState CEO news release

Calverton Incubator introduces local food startups, users of the incubator's pilot production lines, to major food distributors

The Calverton Business Incubator, part of Stony Brook University's incubator program, held a showcase introducing major food distributors to the local specialty food manufacturers that are using pilot production facilities at the incubator's Agriculture and Consumer Sciences wing to test and develop new products. Please see coverage at Riverhead Local, InnovateLI, and Edible East End. Food startups are emerging nationwide as an important investment category. 

Board Vitals joins NYU's Varick Street incubator as first company approved under NYU's START-UP NY tax-free zone

Board Vitals, an online medical education company, has joined NYU's Varick Street incubator as the first company under the university's state-approved START-UP NY tax-free zone, according to a news release by NYU's Polytechnic School of Engineering. NYU's approved START-UP NY zone includes space in all three incubators

Zahn Center announces winners of $140,000 in annual startup prizes

The Zahn Innovation Center announced winners of the four cash prizes awarded annually to startups that were planned by students, alumni, faculty, and staff in the City College community, and that were incubated with seed funding at the Zahn Center:

For more, including the audience choice awards, please see the Zahn Center announcement

Nexus Health Resources Graduates from Orange County Business Accelerator

Nexus Health Resources, developing systems to help transition patients from hospitals to home care, has graduated from the Orange County Business Accelerator in order to accommodate local expansion, according to a news release posted by OCBA. 

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 winning prizes in statewide & regional business-plan competitions

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

 

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. 

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. 

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