Green CNY Blog at Post Standard features Tech Garden tenant GoVo Biofuels, a recycler of vegetable oil into fuels

GoVo Biofuels LLC, which maintains a desk at our supporting member the Syracuse Technology Garden and a vegetable-oil-to-fuel converter in Cortland, was recently featured in the Green CNY Blog of the Syracuse Post-Standard. The story presents a nice example of how motivated entrepreneurs can bootstrap "green" business opportunities. Congratulations to entrepreneur Seth Mulligan!

Rochester Democrat and Chronicle features Mosaically, a student-initiated business at RIT Venture Creations incubator

Moscaically Inc., a business founded by a Korean-born student at the Rochester Institute of Technology and incubated at our supporting member Venture Creations, was highlighted in a recent feature story published by the Rochester Democrat and Chronicle newspaper. The company's Facebook and smartphone apps assemble digital mosaics from user-submsitted photos. Congratulations to entrepreneur Seong Yup Yoo!

VIllage Voice highlights interaction of green-energy sector with NYC ACRE, part of NYU-Poly incubation programs

The Village Voice has published an excellent article outlining the way in which greentech startups are drawing benefit from the New York City Accelerator for Clean and Renewable Energy (NYC ACRE), a NYSERDA-sponsored clean and renewable-energy incubator that is part of the family of NYU-Poly incubators, supporting members of our association.

The article nicely highlights the ways in which city and state support for incubators reinforce, and how incubator tenant companies and student interns from both NYU and Columbia provide mutual benefit and opportunity in this fast-growing sector.

For all currently operational NYSERDA-sponsored clean-energy incubators operated by our members, please see this list.

Governor's State of the State proposes several programs of interest to the business-incubation community

In the economic-development section of his 2010 State of the State Address, Gov. Paterson proposed a $25 million seed-capital investment fund oriented at commercializing university-developed innovations, following the general thrust of recommendations he received in the recently released report of the Task Force on Industry/Higher Education Partnerships.

Our association is on record as endorsing the need for increased seed-capital funding in the state. A list of currently active seed funds is here. The Governor also proposed implementation of a small-business revolving loan fund, following the recommendations of the second report he recently received, of the Small Business Task Force.

The Governor also outlined several other proposals of interest to the business-incubation community, including enhancement or addition of several innovation-oriented tax credits and continuation of the Innovation Economy Matching Grant Program in which our website/newsletter sponsor NYSTAR plays a key role. The status of the Governor's recommendations will be determined as part of the coming consideration by the Legislature of the Executive Budget, soon to be released. UPDATE (1/31): Our budget testimony is here.

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