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Final 2014 round of START-UP NY approvals includes eight more incubator collocations

The last batch of companies approved during 2014 for tax-free status under the state's START-UP NY program again includes several growing, expanding, and relocating companies that will collocate with our member incubators. Several approved campus-based START-UP NY Zones include space inside incubator buildings. You can search our member database by this or other important attributes here. According to the latest announcement from Governor Cuomo, companies approved for tax-free status while residing at our member incubators include:

Our member incubators gain Innovation Hot Spot status and major capital awards in the state's fourth Regional Economic Development Council competition

Four of the five regions winning state-designated Innovation Hot Spots in the latest round of the Regional Economic Development Council competition went to our member incubators or consortia involving them. These awards carry the ability to grant certain tax-exemptions to qualifying incubator tenant/clients, and also $250,000 operating grants from the NYSTAR division of Empire State Development. For the full list of awards, see the booklet here. Here are the awards that involve our members:

  • In the Mohawk Valley, our member thINCubator, a project of SUNY's Mohawk Valley Community College, won the award;
  • In the Mid-Hudson Valley, our member BioInc@NYMC, a project of New York Medical College, won the award;
  • In the Capital Region, a consortium coordinated by SUNY Albany and also involving our members CEG Innovation Center and RPI Emerging Ventures Ecosystem won the award, and we expect the Hot Spot itself to join us as a member;
  • On Long Island, the Long Island High Technology Incubator (LIHTI) at our member the SUNY Stony Brook Incubator Programs won the award; and
  • In New York City the award went to the CUNY Innovation Hub, which we expect shortly to join our membership ranks.

The REDC process also resulted in major capital awards to our members the Ceramics Corridor Innovation Centers ($300,000 for a manufacturing-oriented facility in Chemung County), and High Tech Rochester ($5 million for consolidation in downtown Rochester of its regional Finger Lakes Business Accelerator Cooperative). Here is some news coverage of that awards:

  • Governor Andrew Cuomo's news release, which describes the funding that will permit HTR's accelerator actitivites to occupy the top floor of the renovated former Sibley's department store; 
  • Coverage in the Rochester Business Journal, which adds detail on the facility: a 68,000 square-foot incbuator with space for both "tech" and biotech startups, a 100-seat auditorium, and a roof deck; and
  • News release and fact sheet from HTR itself, which also discuss plans for HTR's existing Lennox TEC incubator in Henrietta and the new incubator's connection to the growing Rochester Downtown Innovation Zone. 

Warmest congratulations to all our members who did well in the fourth REDC round, welcome to our planned new members, and thanks to the State of New York, the Governor, and the Legislature for renewed strong support of business incubation and related activities. 

Latest group of START-UP NY approvals includes several companies collocating with our member incubators

The latest batch of companies approved for tax-free status under the state's START-UP NY program includes several that will collocate with our member incubators. Several approved campus-based START-UP NY Zones include space inside incubator buildings. You can search our member database by this or other important attributes here. According to the latest announcement from Empire State Development, growing companies approved for tax-free status while residing at our member incubators include:

The news release does not specify physical location in every case, and it is possible that the number of collocations is actually higher than this.

We are proud of the role that our member incubators are playing in providing space and university connectivity to growing companies approved under the START-UP NY program. 

Fredonia Technology Incubator receives second major grant from the Oishei Foundation, targeting arts/technology interaction

The SUNY Fredonia Technology Incubator has received a $300,000 grant from the John R. Oishei Foundation. The grant — the second made by the Buffalo-based foundation to the incubator situated in Dunkirk — will help the incubator promote the interaction between campus programs in the creative arts and the technology startups in the incubator. For more, please read the university's news release