News about federal/state policy

State Senate creates a new select committee on Science, Technology, Incubation and Entrepreneurship; leadership appoints Golden as chair

The New York State Senate has established a new Select Committee on Science, Technology, Incubation and Entrepreneurship. Senator Martin Golden (R,C,I — Brooklyn) has been named chair of the new committee.

Resolution 633, which passed the Senate unanimously, gives the committee a broad charge to conduct outreach, hold public hearings, and make recommendations on efforts to strengthen innovation, incubation and entrepreneurship statewide. Already, Senator Golden has announced, he is working on legislation to assist business incubators in their work supporting the creation, growth and retention of high-growth business enterprises. Below the break are attached the text of Resolution 633 and a news release from Senator Golden, which lists the other members of the committee named to date. 

The Business Incubator Association of New York State (BIA/NYS) warmly welcomes the interest in business incubation taken by the state Senate and pledges cooperation with fact-finding and bill-drafting.

This new Legislative initiative complements separate proposals made by Governor Andrew Cuomo in his State of the State address and through his Executive Budget proposal, previously covered on our website here. BIA/NYS welcomes a dialogue on this critical nonpartisan topic that involves both the Executive and Legislative branches of government, both chambers of the Legislature, and all political parties.

Topics critical to business incubation figure prominently in Gov. Cuomo's State of the State proposals

Business incubation figures prominently in Governor Andrew Cuomo's recent State of the State address. Here are some of the proposals made by the governor in the economic-development section of his speech:

  • creating tax-advantaged "Innovation Hot Spots" that will function as flagship incubators for university-generated innovations, in each of the state's 10 economic regions.
  • creating an Innovation NY Network to promote collaboration among academic researchers, entrepreneurs, investors, and service providers. 
  • creating a new, state-financed $50 million Innovation Venture Capital Fund to invest in incubator-stage spin-offs and other startups.
  • creating a $1 billion Green Bank to promote adoption of clean-energy/cleantech innovation.

The initial co-chairs of the Innovation NY network all have direct experience with business incubation:

  • Dr. Jim Simons, the hedge-fund entrepreneur, a former mathematician who actually started his entrepreneurial career at the Long island High Technology Incubator, the flagship facility of our supporting member the Stony Brook University Incubator Program;
  • Dr. David Skorton, the president of Cornell University, which operates our member incubator the McGovern Family Center for Venture Development in the Life Sciences. Dr. Skorton, who chaired former Gov. Paterson's task force on higher-ed/university partnerships, is known for his support of academic-affiliated incubators throughout his entire career.
  • Dr. Tim Killeen, the president of the SUNY Research Foundation, which oversees the university-affiliated corporations that in turn manage several SUNY-affiliated incubators that are members of our association.

We warmly appreciate Gov. Cuomo's interest in the issues that affect successful business incubation statewide. For more information, see Gov. Cuomo's State of the State Address and accompanying press material.

Business incubators again score well in awards made through NYS Regional Economic Development Councils

Business incubators statewide, including many among our association's membership, repeated their strong performance in the second round of economic-development awards made by New York State through Governor Cuomo's Regional Economic Development Council initiative. Awards to our members or their affiliates include:

In addition, awards were made to several incubator and accelerators that are not yet members of our association (and we warmly invite them to join us!).

Finally, a $350,000 economic-development incentive award from Empire State Development was made to Dunkirk Bioenergy, a tenant-client of our supporting member the SUNY Fredonia Technology Incubator. For complete details, read Gov. Cuomo's news release or the full report on all 2012 awards.

SUNY Fredonia Technology Incubator hosts Sen. Gillibrand, welcomes new tenant iKoss

As part of a statewide tour highlighting her co-sponsorship of the America Innovates Act, Sen. Kirsten Gillibrand visited our supporting member the SUNY Fredonia Technology Incubator. The Senator visited several incubator tenants across a spectrum of industry sectors and called out specially Silicon Wolves Computing Society, a developer and integrator of scientific computing systems previously mentioned on our website here.

For more information, see the Senator's news release, or the university's. The university has also announced the addition to the incubator of iKoss, a woman-owned management consulting firm that has added five employees beyond its founders.

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