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Submitted by admin on February 28, 2014 - 2:04pm
Harlem Biospace, developed with support from the New York City Economic Development Corporation (NYCEDC), has joined BIA/NYS as our newest member. Situated in a mixed-use zone of West Harlem close to CUNY City College and Columbia University but not owned by either one, Harlem Biospace was designed to serve up to 20 biotechnology, biomaterials, and medical-device/technology startups with work desks, wet-lab benches, and access to shared wet-laboratory resources.
The incubator seeks both university-affiliated and independent entrepreneurs as tenant/clients. The principal of Harlem Biospace is Dr. Sam Sia, a faculy member in biomedical engineering at Columbia who has a strong track record of entrepreneurship and startup formation. The facility is managed by Matt Owens. For more information, please see the collection of current news on the Harlem Biospace website and also the NYCEDC news release from last year.
We warmly welcome Harlem Biospace to membership. It is our third new member this month.
thINCubator, serving student-initiated ventures in the Mohawk Valley, opens in Utica and joins BIA/NYSSubmitted by admin on February 27, 2014 - 1:30pm
thINCubator (the INC stands for "Innovative New Companies") has joined BIA/NYS as our newest member, our second addition this month.
Based in historic Baggs Square West in downtown Utica, thINCubator is intended mainly to work with student entrepreneurial teams from the several colleges in the region, including Mohawk Valley Community College (MVCC) and SUNY's Institute of Technology at Utica/Rome (SUNY IT). It will also consider residence by independent entrepreneurs. Initial support was provided by the MVCC Foundation, joined by the Community Foundation of Herkimer and Oneida Counties and others.
The program is built around not just space but intensive instruction by MVCC, coaching by a set of volunteer mentors being recruited now, regional meetups and hackathons, and other entrepreneurial support. thINCubator is led by John Liddy, who founded the Student Sandbox, a multi-college student incubator based at our member The Tech Garden in Syracuse.
Submitted by admin on February 23, 2014 - 4:27pm
The Innovation Hot Spot serving the Southern Tier region, a multi-institution collaboration known as the Downtown Ithaca Incubator, has joined BIA/NYS as our newest member. The main partners of the regional Hot Spot are Cornell University, Binghamton University, and the Ceramics Corridor Innovation Centers (all also members of BIA/NYS). The physical incubator is a collaborative venture among Cornell University, Ithaca College, and SUNY's Tompkins Cortland Community College (TC3).
The downtown facilty is intended as flexible coworking space for entrepreneurs whether they are college or university-affiliated or independent. Tenants and clients will be encouraged to graduate and expand into nearby commercial space. The Innovation Hot Spot award carries annual operating funding from NYS and strong tax incentives for startup enterprises. Cornell received a separate capital grant from the state to support buildout of space in the redeveloped Carey Building at 314 East State Street, just off the downtown Commons.
The incubator and Hot Spot will be directed by Tom Schryver, an undergraduate and MBA alumnus of Cornell with a long record of entrepreneurial success. For more information, see the news releases issued by Cornell, Ithaca College, or TC3. We warmly welcome the Downtown Incubator to membership!
Submitted by admin on February 21, 2014 - 11:24am
The Entrepreneur Space, a kitchen and office incubator based in Long Island City, celebrated its third anniversary under the sponsorship of the Queens Economic Development Corporation. For more, please see the attached release. The photograph shows Queens Borough President Melinda Katz and City Council Member Jimmy Van Bramer and other guests and dignitaries looking on as the cake is cut.
Rochester paper covers two tenant/clients of NYSERDA Clean Energy Incubator at RIT Venture Creations; local media review rapid job growth at two othersSubmitted by admin on February 21, 2014 - 10:39am
- In an article on African American entrepreneurs, the paper featured R-Display & Lighting, a company developing organic light emitting diodes (OLEDs). CEO Dr. Tommie Royster is a former Kodak chemist;
- In a separate story on Clear Cove Systems, the paper covered the test of its technology for generating energy from sewage treatment, currently under way at Ithaca's municipal wastewater plant.
The paper also revisited Vnomics, a Venture Creations graduate that has received considerable attention for its fleet-management and diagnostics system. The story reviewed the RIT spinoff's expectation to add 100 new jobs in the next two years, and its contract with Navistar, a major industrial company.
In addition, the Rochester Business Journal covered the rapid growth of IMSWorkX, a developer of applications for IP-based telecommunications, which entered the incubator with four employees a little more than a year ago, has grown to eight, and now expects growth to 12.
KYNTEC graduates from UB Technology Incubator to 27,000 square feet of commercial space after 7 months of rapid growthSubmitted by admin on February 21, 2014 - 10:15am
KYNTEC Corpopration, a maufacturer of high-tech shock absorbers and mounts, graduated from the UB Technology Incubator after only 7 months of rapid growth to 27,000 square feet of private-sector manufacturing space in nearby Cheektowaga. KYNTEC became the 88th company to graduate from the incubator, which is one of our founding supporting members and an anchor of the Western New York Innovation Hot Spot. For more information, see the university news release.
Stony Brook video features clean-energy incubation clients served at university's Advanced Energy Research and Technology CenterSubmitted by admin on February 21, 2014 - 9:57am
Stony Brook University has published a video interview (embedded after the break) featuring former KeySpan CEO Bob Catell reviewing with enthusiasm several clients of the NYSERDA-sponsored Clean Energy Business Incubation Program (CEBIP). The CEBIP roster includes companies which are physically housed in incubation space at Stony Brook's Advanced Energy Research and Technology Center, whose program Mr. Catell chairs.Read more
RIT issues review of Venture Creations incubator: $30m in capital raised, 340 jobs created, and 57 companies housed in the first decadeSubmitted by admin on February 13, 2014 - 11:32am
Our member the Venture Creations incubator at Rochester Institute of Technology (RIT) has posted a year-in-review, including its cumulative job-creation record in its first decade of development: 57 companies housed, 340 jobs created, and more than $30 million in private capital leveraged.
The document also reports that during 2013 Venture Creations
- was notified by the New York State Energy Research and Development Authority (NYSERDA) that RIT's contract for a Clean Energy Incubator will be extended for an additional four years, carrying substantial support for incubation services aimed at the 10 of 23 tenants that are in the clean energy program;
- joined High Tech Rochester (which is another of our members) and several other regional partners in a successful effort to be designated a NYS Innovation Hot Spot, which carries major tax advantages for participating startups and brings additional state operating support for quality incubation services;
- graduated a range of exciting companies including OptiCool, FluxData, SweetWater Energy, Vnomics, Digsby, and Jorsek.
For more information, see RIT's news release.
Submitted by admin on February 13, 2014 - 11:10am
Crain's story on tissue-engineering startup Modern Meadow highlights role of SUNY Downstate incubation facilities as turning point for biosciences in NYCSubmitted by admin on January 29, 2014 - 7:14pm
SUNY Downstate's newly developed BioBAT and its expanding Advanced Biotechnology Incubator are both highlighted by Crain's New York Business as two of several elements comprising "a turning point for the city's effort to become a leader in biotechnology."
As part of a story on Modern Meadow — a tissue-engineering startup which will produce cultured leather and meats in vitro without having to kill animals — Crain's notes that the company wants space at BioBAT in order to be near NYC's fashion and restaurant communities.
The SUNY Downstate incubator and post-incubation facilities at BioBAT are long-time supporting members of BIA/NYS.