Regional news

Innovate 518, Innovation Hot Spot for the Capital Region, joins BIA/NYS

Innovate 518, the state-designated Innovation Hot Spot for the Capital Region, has joined BIA/NYS as our newest member. Headquartered at SUNY's University at Albany, Innovate 518 is also a partnership with the Rensselaer Polytechnic Institute (RPI) and the Center for Economic Growth (CEG). 

The Innovation Hot Spot in each of the state's 10 economic regions receives an operating grant to coordinate incubation activities across multiple facilities. The Innovation Hot Spot may nominate startups at any of its partner incubators for five years of tax credits. We are in the process of preparing a table mapping the state's designated programs to our membership. Our website will be updated when it is available.

Innovate 518 is run by Maria Pidgeon, associate director for the Hot Spot at UAlbany's new economic-development office in the Division of Research. Matt Grattan, recently hired as the office's director, coordinates UAlbany's participation in the state's START-UP NY tax-free zone. Esther Vargas of RPI's Emerging Ventures Ecosystem, a BIA/NYS director, also sits on the steering committee for Innovate 518. We warmly welcome Innovate 518 to membership! 

IgniteU NY, a student accelerator sponsored by NYSTEC, joins BIA/NYS

IgniteU NY, an accelerator program serving college students in the Capital Region, is about to move into new, year-round space on Broadway in downtown Troy and has joined BIA/NYS as our newest member.

The accelerator is an internally financed economic-development project of NYSTEC, a nonprofit IT consultancy serving government agencies and institutions statewide. NYSTEC is headquartered in Rome but maintains offices in Albany and New York City. The accelerator is part of its program to "give back" to the communities where it operates.

The target of IgniteU NY is mainly students and recent graduates across upstate whose colleges are not large enough to have formal incubator facilities or accelerator programs. It puts student teams through a curriculum overseen by an entrepreneur in residence and multiple mentors. At present it neither charges nor takes equity. Of last year's cohort, one food startup was graduated to the FoodX venture accelerator in New York City. 

The program is directed by Evan DeGennaro and Rick Neff of NYSTEC. We warmly welcome IgniteU NY to membership! 

BIA/NYS sets Friday, June 10th, for annual meeting in Utica #bianys2016

The Business Incubator Association of New York State, Inc., announces that our 2016 annual meeting will be held on Friday, June 10th, in Utica. This is the first time our annual meeting has been held in the Mohawk Valley economic region.

Our meeting is the singular statewide event where practitioners of innovation & entrepreneurship meet to talk about incubation and related activities, along with critical partners from the government, university, and private sectors.

We are co-hosted this year by our two incubator programs in the Mohawk Valley: thINCubator in Utica, sponsored by Mohawk Valley Community College, and the Griffiss Institute incubator program at the Griffiss Business & Technology Park in Rome, site of the reinvented Air Force base.

Come join us to learn about

  • What's happening in incubation across the Mohawk Valley — certified incubators, the regional Innovation Hot Spot, and START-UP NY zones;
  • Models being deployed by the community foundation and successful entrepreneurs to support entrepreneurial development and startup formation;
  • How startups statewide can work with the Air Force Research Laboratory at Griffiss to develop strategic customers in the Air Force and its prime-contractor supply chain;
  • The latest updates from our partners at Empire State Development and the state Senate. 

We are pleased to announce that our lunch speaker will be Dr. Danielle Merfeld, a vice president of GE and group director for electronic technology systems at the GE Global Research unit based in Schenectady. Dr. Merfeld is the GE R&D executive working most closely with the new $2 billion power-electronics-packaging line the company is installing in Utica at the Marcy Nanocenter. Dr. Merfeld will speak about opportunities for startup entrepeneurs statewide to serve the innovation needs of GE in this segment, including by hardware or software innovation that opens up new end-use markets for GE. 

About half the day is open to the public, with a short business meeting for members only in the afternoon, followed by tours for all of our member incubators. Draft agenda attached below.

We would like to thank our meeting sponsors NYSERDA, the Research Foundation for SUNY, the New York State Economic Develpment Council, Marshall and Sterling Insurance, and Bond, Schoeneck & King, our local members, and UVANY. 

The eventbrite form shows the basic fee for attendance, including continental breakfast and a light lunch. Significant discounts are available to BIA/NYS members (ask for the code) and attendees of day-before UVANY event and to NYSERDA contractors.

Center for Entrepreneurship at Hofstra University joins BIA/NYS

The Center for Entrepreneurship at Hofstra University, which just opened the ideaHUB in Hofstra's main campus library and also plans a larger physical incubator elsewhere on campus, has joined BIA/NYS as our newest member.

The Center has reinvented a campus business-plan competition as the $100,000 Hofstra-CPXi Venture Challenge, a mentored accelerator program designed in collaboration with MIT's Venture-Mentor program and staffed by the Center's six entrepeneurs in residence. As part of the year-long challenge cycle, the ideaHUB will also host a series of mini-pitch events targeting specific schools or disciplines, awarding $1,000 in prizes each time. 

The Center is a university-wide initiative directed by executive dean Mark Lesko. Mark is also the founding executive director for Accelerate Long Island, a nonprofit pre-seed investment fund created by Long Island's research institutions. We warmly welcome the Center for Entrepreneurship to our membership!

 

NY1 covers Lt. Gov. Hochul's visit to The Entrepreneur Space kitchen incubator

Cable news channel NY1 covered Lt. Gov. Kathy Hochul's visit along with state Senator Michael Gianaris to our member The Entrepreneur Space.

The Entrepreneur Space is a kitchen incubator in the Long Island City neighborhood sponsored by Queens Economic Development Corporation. It was recently designated a state-Certified Business Incubator. Video at the first link above. 

 

NEXUS-NY clean-energy proof-of-concept center admits third cohort of 9 teams

NEXUS-NY, a proof-of-concept center sponsored by NYSERDA at our member High Tech Rochester, announced entry of its third cohort of nine teams. For more information, see the news release

The cohort includes teams built around university discoveries in clean-energy technologies (predominantly hard technology including materials science) at Clarkson University, University at Buffalo, SUNY Alfred State College, Rensselaer Polytechnic Institute, Cornell University, Rochester Institute of Technology, and Binghamton University. It also includes two teams led by independent entrepreneurs.

Each team includes a technical lead, typically the inventor, and an entrepreneurial lead with business-development experience. NEXUS-NY and its recruited mentors will step each team through a lean-startup-inspired curriculum to assess the most promising commercialization path for each technology. Projects exiting NEXUS-NY are candidates for entry into longer-term incubation programs. 

South Side Innovation Center profiled as a path out of poverty for community entrepreneurs

Entrepreneurship as a path out of poverty is the focus of a profile of our member the South Side Innovation Center appearing at the intelligenthq.com website. SSIC is a community-based business incubator sponsored by the Falcone Center for Entrepreneurship of Whitman School of Management at Syracuse University. 

Binghamton Press visits all the incubator members of the Southern Tier Startup Alliance

All our member incubators affiliated with the Southern Tier Startup Alliance were visited by the Binghamton Press & Sunday Bulletin in a recent feature at its pressconnects website.

The article nicely reviews the various ways in which incubators assist entrepreneurs, and assesses the respective strengths – from software to biotech to advanced manufacturing – of all the member incubators in Binghamton, Ithaca, Corning, and Elmira. 

The STSA is a state-designated Innovation Hot Spot and has the capacity to grant extensive tax relief to fast-growing businesses located at any of its members. 

MeteoViva leverages German Accelerator partnership with NYC ACRE to start up in the U.S.

MeteoViva, a German software company providing green-building-management for large commercial buildings, is starting up U.S. operations through a partnership between the German Accelerator and the NYSERDA-supported NYC ACRE cleantech incubator at the NYU Tandon School of Engineering.

More information at the university news release. Partnerships like this show how incubators can also serve as "landing zones" that allow existing overseas companies of modest size to integrate themselves more easily into U.S. markets, so they can add employees and investment here. 

Queens College Tech Incubator Center searching for managing director

The Queens College Tech Incubator Center, whose founder and faculty champion is Computer Science professor Ted Brown, is also searching for a full-time professional managing director. Please see the job announcement posted by the Research Foundation of CUNY. 

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