3D expert Darkwind Media, another student-initiated venture at RIT Venture Creations, highlighted in Rochester newspaper

Darkwind Media, a tenant of our supporting member RIT Venture Creations incubator, has become the second student-initiated venture this month to be highlighted in the Rochester Democrat and Chronicle. Darkwind has developed a proprietary software platform that allows it to do develop interactive 3D presentations for both real-world and virtual applications.

According to the newspaper story, two next-door dorm neighbors at Rochester Institute of Technology founded the company in 2007 as an outgrowth of a student project on medical imaging, and were soon joined by three additional RIT alumni. The company currently works as a contractor but may now seek investors to develop the platform into a commercially available product. Congratulations to entrepreneurs Colin Doody, Brian Johnstone, and all your colleagues and to Venture Creations director Jerry Mahone!

Bob Herz appointed new director at SU's South Side Innovation Center

Robert (Bob) Herz, a former staffer at the New York State Senate, has been appointed the new director of our member the South Side Innovation Center, a microenterprise incubator sponsored by the Falcone Center for Entrepreneurship at Syracuse University's Whitman School of Management. 

While working for state Senator Martin Golden of Brooklyn, Bob was involved in structuring the future development of BioBAT, a project affiliated with our supporting member SUNY Downstate Advanced Biotechnology Incubator. We offer Bob a warm welcome to his new role at SSIC!

For more background, please see the university press release at the first link above or here.

Syracuse Tech Garden celebrates 5th anniversary

Our founding supporting member the Tech Garden has celebrated its 5th anniversary as a state-of-the art business incubator in downtown Syracuse.

In its first five years, Tech Garden has brought more than 100 jobs to downtown, counseled 400 startups and 30 teams of university researchers interested in commercializing discoveries, created an angel-investment fund, and organized special incubation programs serving cleantech entrepreneurs and students at Syracuse University. And they helped found our association, too!

For a press release that reviews all the accomplishments of the first five years click the previous link or here. You can also see a photo album of the event on Facebook. Congratulations to the entire Tech Garden team!

New bills in the U.S. House to support research parks, seed funds; latest EDA thoughts on regional innovation clusters

Recent bill introductions in the House of interest to the business incubation community are:

  • H.R. 4413, counterpart to S. 583, would authorize the U.S. Economic Development Administration (EDA) to provide grants and loan guarantees for planning and construction of research parks;
  • H.R. 3738 would authorize the Small Business Administration (SBA) to establish a program through which SBA would help capitalize funds that make early-stage investments in targeted technology industries.

The Obama administration has not endorsed either bill, but to view the administration's latest thoughts on the role of incubators in regional innovation clusters, see the recent Chicago speech of Assistant Secretary of Commerce for Economic Development John Fernandez.

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