News about people in the NYS incubator community
Submitted by admin on March 26, 2016 - 3:18pm
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.
Submitted by admin on March 19, 2016 - 8:19pm
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.
Submitted by admin on March 19, 2016 - 8:08pm
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.
Submitted by admin on February 6, 2016 - 11:09am
The S.T.E.A.M. Garden, a business incubator being created at a former elementary school on the Central Avenue business corridor in Albany, has joined BIA/NYS as our newest member.
To help finance the building and startup expenses, the Central District Management Association, aka the Central Avenue Business Improvement District, received $850,000 in grants from Empire State Development Corp. and other state agencies through the Capital Region Economic Development Council. For more information, see the Central Avenue news release.
"STEAM" is an acronym in the education profession for "science, technology, engineering, arts and math." The S.T.E.A.M. Garden will coordinate with the i518 Innovation Hot Spot operated by SUNY's University at Albany, and also partner with Hudson Valley Community College, to bring together "tech" entrpreneurs, creative technology professionals, college students, and arts organizations in a single staffed facility.
The S.T.E.A.M. Garden is led by BID director Anthony Capece. We warmly welcome the incubator to membership!