Regional news

With latest batch of REDC awards, 25 sites affiliated with our members statewide are now state Certified Business Incubators

Seven of our member incubators received "Certified Business Incubator" status from the NYSTAR division at Empire State Develpment Corp. (ESDC), and two more received major capital grants from ESDC as part of the annual competition among the state's 10 Regional Economic Development Councils. This brings to 25 the number of sites operated by our members which have Certified Business Incubator designation. 

According to an award list released by Gov. Andrew Cuomo, our members receiving Certified Incubator status and its accompanying $125,000 annual operating grant are: 

We also congratulate two additional certified incubators that we hope will shortly join our membership: Mt. Sinai's Med-Tech Incubator and the multi-site program of LaunchPad Long Island.

The Certified Incubator Program was created several years ago as part of a budget agreement between Governor Cuomo and the state Senate, resulting in the first-ever program of state operating supports for business incubators that demonstrate in statewide competition that they are operated according to best-practice standards. A majority of our member incubators are also affiliated with the state's Innovation Hot Spot Program, which provides larger operating grants and certain tax benefits to client companies. Finally, more than 30 of our members have at least some space certified for completely tax-free occupancy by those companies that are approved under the state's START-UP NY program. 

Two of our member incubators received major ESDC capital grants: 

We also congratulate all the additional winners of ESD grants for incubator construction, including programs at Hofstra University and the New York Institute of Technology that we hope will shortly join us. 

ThermoLift, client of NYSERDA-supported CEBIP at Stony Brook accepted into Wells Fargo Innovation Incubator

ThermoLift, which is being incubated by the NYSERDA supported Clean Energy Business Incubator Program (CEBIP) at Stony Brook University, will receive a supplemental $250,000 cash award and extensive in-kind technical consultation from the U.S. Department of Energy as part of the Wells Fargo Innovation Incubator, designed to promote innovative cleantech for commercial buildings.

ThermoLift is developing a highly efficient, natural-gas-driven heat pump. It is asssisted by CEBIP and resides at the Stony Brook's Advanced Energy Incubator. It is one of only 10 companies nationally accepted into Wells Fargo's five-year, $10 million program. For more information, please see the Wells Fargo news release. 

 

NYU Tandon incubator program announces 2016 'Faculty Engineers in Residence'

The incubator program of NYU's Tandon School of Engineering announced its 2016 Faculty Engineers-in-Residence (F-EIR) program. Eight faculty members from across the school's departments will receive cash stipends to serve as liaison between the university, the tenant/clients of the incubators, and students who are working with the incubator tenants as interns. They will also be encouraged to commercialize their own discoveries and to serve as on-campus advocates for faculty entrepreneurship. More details are available at the F-EIR website. 

Zahn Center rolls out new cohorts in three core programs

The Zahn Innovation Center incubator at the City College of New York (CCNY) announced it selected six semi-finalists and one alternate for each of its three core programs, from among 99 entries submitted by CCNY students.

The three core programs are for ventures in connected hardware, startups led by women entrepreneurs, and social-impact ventures. A full list of the cohort is available here and each of the three named competitions is described here under "sponsors."

Case studies and cohort updates from NEXUS-NY proof of concept center at High Tech Rochester

Attached is an excellent overview from NEXUS-NY, a NYSERDA-supported "proof of concept center" serving upstate New York, managed by our supporting member High Tech Rochester. The publication includes detailed case studies on both independent entrepreneurs and university faculty whose inventions are being developed into commercial innovations with funding from NEXUS-NY. In effect, a proof of concept centers is a "pre-incubator." The publication also includes updates on the first-year cohort at NEXUS-NY.

Orange County IDA's Accelerator rebrands

The Accelerator: Powered by the Orange County IDA is the new brand for our member, formerly the Orange County Business Accelerator. For more information, see local news coverage. Based in New Windsor just across the road from Stewart International Airport, Accelerator is a state-designated Certified Business Incubator. 

Two more profiles of Stony Brook incubator clients at InnovateLI

The website InnovateLI profiled two more tenant/clients of the incubator programs and spaces at Stony Brook University:

BF+DA profiled in The Epoch Times

The media site The Epoch Times profiled our member the Brooklyn Fashion + Design Accelerator, including multiple photos of incubator tenants and descriptions of their businesses. According to the story, BF+DA to date has graduated four companies, increased revenues of its residents by $800,000, and hosted events connecting 7,000 people in the "ethical fashion and design" sectors. BF+DA is a program of the Pratt Institute in Brooklyn, based off-campus in the former Pfizer manufacturing complex. 

BioInc@NYMC admits two more tenants

The BioInc@NYMC incubator announced entry of two new tenant/clients: SHY Therapeutics, a research company, and Medisprout, a video communications company for healthcare. For more information, see the news release issued by New York Medical College. BioInc@NYMC is part of the innovation Hot Spot consortium for the Hudson Valley and includes space certified under the START-UP tax-free zone program. 

Sistine Solar, client of NYSERDA-supported NYC ACRE incubator at NYU, wins $1m DOE SunShot award

Sistine Solar, a client of the NYSERDA-supported NYC ACRE incubator resident in the Urban Future Lab at NYU's Tandon School of Engineering, won a $1 million prize for its esthetically appealing solar panel designs. The award came from the U.S. Department of Energy's highly competitive SunShot initiative.

NYU described the award as the largest yet received by an incubator tenant at NYC ACRE from the DOE.  For more information see the news release from NYU.

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