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Two student teams with engineered biomedical products win pitch event for NYC high school students at Harlem Biospace

Vitalight and Euphoria, student businesses built around engineered biomedical products, were winners of the pitch event that concluded the intensive, six-week Hk Maker Lab program for NYC high school students held at Columbia University in partnership with our member Harlem Biospace.

The two teams will advance to incubation under mentorship at Harlem Biospace, according to the newsletter of Harlem Biospace's K-12 STEM Hypothekids program. For more information see the news release issued by incubator sponsor NYCEDC and coverage in DNAInfo

Chautauqua County IDA and planning department will collocate staff with the SUNY Fredonia Technology Incubator/START-UP zone

The SUNY Fredonia Technology Incubator will host one office of the County of Chautauqua Industrial Development Agency (CCIDA), and also part of the county planning department. This collocation of economic-development functions in the northern part of the county is intended to advance the state-designated START-UP NY zone on which SUNY Fredonia cooperates with Jamestown Community College in the southern part of the county. The Fredonia incubator is also a partner in the Western New York Innovation Hot Spot. For more information, please see the university news release

NYU announces addition of 3 incubator sites to START-UP NY zone; posts search for new director of innovation and entrepreneurship

NYU's Polytechnic School of Engineering, which sponsors two incubators in Brooklyn and one in Manhattan, has announced that all three sites are approved as eligible under the state's START-UP NY zone program. The tax-free program is aimed at attracting somewhat larger companies that will complement the existing roster of startups at all three sites, which will eventually consolidate at 370 Jay Street at the school's main campus in downtown Brooklyn. For more information, see the university news release.

Separately, NYU has posted an announcement for a new director of innovation and entrepreneurship, to which the three incubator sites report. The new director replaces Micah Kotch who leaves the NYU Poly incubator program after five years, to join the state energy agency NYSERDA as director of the $40 milliion NY Prize in community microgrids and also the agency's strategic advisor for innovation. We wish Micah the very best and encourage all qualified applicants to apply for the position. 

Rochester paper visits new tenants at HTR's Lennox Tech Enterprise Center

The Rochester Democrat & Chronicle visits some new tenants at our member High Tech Rochester's Lennox Tech Enterprise Center. Embedded video after the break. 

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Incubator program at NYU Poly School of Engineering announces graduates for 2014 and tenant milestones

Our member the incubator program at NYU Polytechnic School of Engineering has announced three graduations and one significant fund-raise.

The graduates are CourseHorse (which came to the incubator through the annual venture competitions at NYU's Stern School of Business), Vettery and Two Lines and a Dot. All will move to privately owned commercial space. The fund-raise was for StyleSage. For more detail, see the incubator's monthly newsletter. To subscribe to the newsletter or view its archives, go here.

Student teams prep for launch at RIT Venture Creations

Six student teams will take part in a 10-week summer launchpad that simulates a private venture accelerator. The Saunders Summer Startup is hosted at our member RIT Venture Creations.

The program represents a collaboration between the incubator and  Simone Center for Student Innovation and Entrepreneurship, which also operates an extended-stay student incubator at Venture Creations during the academic year. Each team can receive up to $3,000 per student member for the summer, simulating the investments made by venture accelerators in startup teams.

For more information and a list of the teams, spanning both software apps and engineering technologies, see the university news release.

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.