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Submitted by admin on December 31, 2014 - 1:53pm
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:
- Gradfly, Inc., which offers a platform for STEM students to showcase their work for schools and employers, to the Thomas Beecher Jr. Innovation Center at the Buffalo Niagara Medical Campus. Gradfly is also benefiting from a loan from the Seed Capital Accelerator program operated by BNMC in conjunction with First Niagara bank;
- Illuminating Diagnostics, LLC, developing rapid diagnostics for hospital-acquired infections, to SUNY University at Buffalo's downtown Biosciences Incubator;
- Nuenz, Inc., producing advanced materials, to the UB Technology Incubator at Baird Research Park in Amherst;
- FlightPartner, providing software as a service to air-charter transportation, to the CEWIT Incubator at Stony Brook University's Incubator Programs;
- UTS, LLC, developer of an ultracapacitor-based energy storage system for electric and hybid vehicles, to the AERTC Advanced Energy Incubator at Stony Brook's Incubator Programs;
- ProGen Life Sciences, developing diagnostic biomarkers, to Stony Brook's flagship incubator, the Long Island High Technology Incubator (LIHTI);
- Zuznow USA, Inc., an Israeli company developing a mobile-adaptation system for Web-based enterprise applications, to the CEWIT Incubator;
- NomoCan Pharmaceuticals, LLC, developer of cancer diagnostics, to the SUNY Downstate Advanced Biotechnolgoy Incubator.
Our member incubators gain Innovation Hot Spot status and major capital awards in the state's fourth Regional Economic Development Council competitionSubmitted by admin on December 28, 2014 - 1:58pm
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 incubatorsSubmitted by admin on November 15, 2014 - 1:39pm
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:
- You First Services Inc., to locate new jobs at the UB Technology Incubator in Baird Research Park;
- ZeptoMetrix Corporation, to locate new jobs at the Innovation Center Annex at the Buffalo Niagara Medical Campus
- EHR Console, Inc.; Innovimune Biotherapeutics Holdings, LLC; and CMP Scientific Corp., all to locate new jobs at the SUNY Downstate Advanced Biotechnology Incubator;
- PharmAdva, LLC, to locate new jobs at the Lennox Tech Enterprise Center of High Tech Rochester, which is an affiliate of the University of Rochester (see also HTR's news release);
- Saniteq, to locate new jobs at the Advanced Energy Research and Technology Center which also houses companies in the Stony Brook Incubator Programs.
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 interactionSubmitted by admin on November 6, 2014 - 4:13pm
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.