News about people in the NYS incubator community

Our board member Esther Vargas of RPI also elected to InBIA board

Esther Vargas, director of RPI's Emerging Ventures Ecosystem and a new member of our own association board of directors, has also just been elected to the board of directors of the International Business Innovation Association (InBIA, formerly the National Business Incubation Association). For more, please read the InBIA news release.

This is the first time ever we have had a director in common between the national and state associations, and the first NYS-based director of InBIA in many years. Our warmest congratulations to Esther! 

'Little Bird Fire Bites' as a case-study of what the Entrepreneur Space kitchen incubator does to help launch new food products

Our member The Entrepreneur Space is celebrating its 5th anniversary and also the graduation into commercial space of Little Bird Fire Bites, which produces chocolate-covered jalapeño treats. In his executive director's newsletter, Queens Economic Development Corporation's Seth Bornstein recounts:

They rented the Entrepreneur Space for their first shift in May 2013. Then, they refined their recipes. They learned how to transform a product they used to make in their home kitchen into one that could be mass-produced. They learned how to market their product. Their packaging became professional, and they developed a great website. Slowly, they added additional shifts and staffers. In the last year, demand for their fiery chocolate has grown at a quick clip. (It's sold on line and in specialty stores around the country.) Fast forward to today, and as is the case for all little birds, they are leaving the nest. Late last year, they informed us they were going to move into their own facility because they had outgrown the E-Space. (In fact, they recently had their last shift in Kitchen D.) Over the last three years, they have grown wings, as evidenced by their staff of six and increased revenues.

Launch NY makes first seed investment in Buffalo incubator startup

Launch NY, a virtual incubator and "venture development organization" serving multiple counties in Western and Central New York, made its first seed investment of $50,000 in the form of a convertable loan to Rachel's Remedy, a portfolio company of the privately operated Z80 Labs incubator in Buffalo. Rachel's Remedy developed and sells "relief packs" for nursing mothers. 

For more information and background from Launch president Marnie LaVigne, please see coverage in Buffalo Business First. For more background on how Launch NY helped Rachel's Remedy, see also this video, embedded after the break.

Rev incubator wins 'economic development project of the year' from Downtown Ithaca Alliance

Our member Rev: Ithaca Startup Works, a collaboration of Cornell University, Ithaca College, and Tompkins Cortland Community College, won "Economic Development Project of the Year" from the Downtown Ithaca Alliance. Rev anchors a newly expanded building a block east of the Ithaca Commons.

Congratulations to Rev director Tom Schryver, executive director of Cornell's Center for Regional Economic Advancement and vice chair of the BIA/NYS board. For more information see the Cornell news release



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