Submitted by admin on December 16, 2015 - 2:11pm
Seven of our member incubators received "Certified Business Incubator" status from the NYSTAR division at Empire State Develpment Corp. (ESDC), and two more received major capital grants from ESDC as part of the annual competition among the state's 10 Regional Economic Development Councils. This brings to 25 the number of sites operated by our members which have Certified Business Incubator designation.
According to an award list released by Gov. Andrew Cuomo, our members receiving Certified Incubator status and its accompanying $125,000 annual operating grant are:
We also congratulate two additional certified incubators that we hope will shortly join our membership: Mt. Sinai's Med-Tech Incubator and the multi-site program of LaunchPad Long Island.
The Certified Incubator Program was created several years ago as part of a budget agreement between Governor Cuomo and the state Senate, resulting in the first-ever program of state operating supports for business incubators that demonstrate in statewide competition that they are operated according to best-practice standards. A majority of our member incubators are also affiliated with the state's Innovation Hot Spot Program, which provides larger operating grants and certain tax benefits to client companies. Finally, more than 30 of our members have at least some space certified for completely tax-free occupancy by those companies that are approved under the state's START-UP NY program.
Two of our member incubators received major ESDC capital grants:
We also congratulate all the additional winners of ESD grants for incubator construction, including programs at Hofstra University and the New York Institute of Technology that we hope will shortly join us.
Submitted by admin on December 16, 2015 - 1:34pm
ThermoLift, which is being incubated by the NYSERDA supported Clean Energy Business Incubator Program (CEBIP) at Stony Brook University, will receive a supplemental $250,000 cash award and extensive in-kind technical consultation from the U.S. Department of Energy as part of the Wells Fargo Innovation Incubator, designed to promote innovative cleantech for commercial buildings.
ThermoLift is developing a highly efficient, natural-gas-driven heat pump. It is asssisted by CEBIP and resides at the Stony Brook's Advanced Energy Incubator. It is one of only 10 companies nationally accepted into Wells Fargo's five-year, $10 million program. For more information, please see the Wells Fargo news release.
Submitted by admin on December 16, 2015 - 1:19pm
The Zahn Innovation Center incubator at the City College of New York (CCNY) announced it selected six semi-finalists and one alternate for each of its three core programs, from among 99 entries submitted by CCNY students.
The three core programs are for ventures in connected hardware, startups led by women entrepreneurs, and social-impact ventures. A full list of the cohort is available here and each of the three named competitions is described here under "sponsors."
Submitted by admin on December 16, 2015 - 1:10pm
The incubator program of NYU's Tandon School of Engineering announced its 2016 Faculty Engineers-in-Residence (F-EIR) program. Eight faculty members from across the school's departments will receive cash stipends to serve as liaison between the university, the tenant/clients of the incubators, and students who are working with the incubator tenants as interns. They will also be encouraged to commercialize their own discoveries and to serve as on-campus advocates for faculty entrepreneurship. More details are available at the F-EIR website.