Regional news

New bills in the U.S. House to support research parks, seed funds; latest EDA thoughts on regional innovation clusters

Recent bill introductions in the House of interest to the business incubation community are:

  • H.R. 4413, counterpart to S. 583, would authorize the U.S. Economic Development Administration (EDA) to provide grants and loan guarantees for planning and construction of research parks;
  • H.R. 3738 would authorize the Small Business Administration (SBA) to establish a program through which SBA would help capitalize funds that make early-stage investments in targeted technology industries.

The Obama administration has not endorsed either bill, but to view the administration's latest thoughts on the role of incubators in regional innovation clusters, see the recent Chicago speech of Assistant Secretary of Commerce for Economic Development John Fernandez.

Rochester Democrat and Chronicle features Mosaically, a student-initiated business at RIT Venture Creations incubator

Moscaically Inc., a business founded by a Korean-born student at the Rochester Institute of Technology and incubated at our supporting member Venture Creations, was highlighted in a recent feature story published by the Rochester Democrat and Chronicle newspaper. The company's Facebook and smartphone apps assemble digital mosaics from user-submsitted photos. Congratulations to entrepreneur Seong Yup Yoo!

VIllage Voice highlights interaction of green-energy sector with NYC ACRE, part of NYU-Poly incubation programs

The Village Voice has published an excellent article outlining the way in which greentech startups are drawing benefit from the New York City Accelerator for Clean and Renewable Energy (NYC ACRE), a NYSERDA-sponsored clean and renewable-energy incubator that is part of the family of NYU-Poly incubators, supporting members of our association.

The article nicely highlights the ways in which city and state support for incubators reinforce, and how incubator tenant companies and student interns from both NYU and Columbia provide mutual benefit and opportunity in this fast-growing sector.

For all currently operational NYSERDA-sponsored clean-energy incubators operated by our members, please see this list.

Jim Senall, who oversees two incubators at High Tech Rochester, invited to Washington to give input on innovation clusters

James Senall — who as president of High Tech Rochester has oversight over two of our member incubators, the Lennox Tech Enterprise Center and Rochester BioVenture Center — participated by invitation in the Obama administration's Federal Interagency Roundtable on Regional Innovation Clusters and Entrepreneurship. The HTR website captures press coverage here

Governor's State of the State proposes several programs of interest to the business-incubation community

In the economic-development section of his 2010 State of the State Address, Gov. Paterson proposed a $25 million seed-capital investment fund oriented at commercializing university-developed innovations, following the general thrust of recommendations he received in the recently released report of the Task Force on Industry/Higher Education Partnerships.

Our association is on record as endorsing the need for increased seed-capital funding in the state. A list of currently active seed funds is here. The Governor also proposed implementation of a small-business revolving loan fund, following the recommendations of the second report he recently received, of the Small Business Task Force.

The Governor also outlined several other proposals of interest to the business-incubation community, including enhancement or addition of several innovation-oriented tax credits and continuation of the Innovation Economy Matching Grant Program in which our website/newsletter sponsor NYSTAR plays a key role. The status of the Governor's recommendations will be determined as part of the coming consideration by the Legislature of the Executive Budget, soon to be released. UPDATE (1/31): Our budget testimony is here.

U.S. Rep. Maffei joins Cleantech Center at Tech Garden in announcing first batch of clean-energy companies admitted to incubation program

U.S. Rep. Dan Maffei joined the Cleantech Center at our supporting member the Syracuse Technology Garden in announcing the first round of nine upstate companies admitted to the NYSERDA-sponsored clean-energy incubator. The admitted companies and their technology/market focus areas are:

  • Antek, of Syracuse, advanced solar cells
  • GoVo Biofuels, a Tech Garden tenant, biodiesel 
  • Greenview, of Utica, energy management software
  • Impact Technologies, of Syracuse, vertical wind
  • Innovation Fuels, The Tech Garden, biofuels
  • IntelliSyn, a Syracuse University spinoff, butanol
  • microGen, West Henrietta, MEMS-based energy harvesting
  • Paper Battery, Troy, advanced batteries
  • SolarNovar, Plattsburgh, electro-mechanical tracking for solar cells

Press coverage is here

NYU-Poly facility at 160 Varick St. -- before and after

Here are some photos of the facility at 160 Varick St. in Manhattan that was made available to our supporting member the NYU-Poly Generation NYC program, under Mayor Bloomberg's incubator initiative.

Image of space before renovationBefore (March 2009)image of space after renovationAfter (July 2009)

The photos show the space in raw condition six months ago and recently after fit-out, including furniture donated by Steelcase, a national office-furniture manufacturer with a subsidiary situated nearby at 200 Varick St. Click on the thumbnails for larger images.

The facility houses the NYU-Poly Commercialization Center at 160 Varick Street and NYC ACRE (Accelerator for a Clean and Renewable Economy) funded under a contract from NYSERDA announced earlier in the year by Gov. Paterson. Both programs are under the umbrella "Generation NYC" program at NYU-Poly.

UPDATE (7/30) — This same facility was just highlighted in The Huffington Post

Clickable map of BIA/NYS member incubators

Here is a clickable map showing the locations of the nearly 50 incubators operated by the 38 current members of BIA/NYS. In some regions, incubators are close enough together that you cannot distinguish the pushpins unless you zoom in using the Google control. Clicking on a pushpin will reveal a box with a clickable link to the incubator profile on our website. Enjoy this service which will continue to be tuned.




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