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Latest START-UP NY approvals again include incubator locations

The latest group of companies approved for the state's tax-free START-UP NY program once again include several firms collocating with our member incubators, several of them inward recruits to the state:

  • The Advanced Biotechnology Incubator at SUNY Downstate will host ItechUSA, Inc., which is developing electronic health systems.
  • High Tech Rochester's Lennox Tech Enterprise Center will host Temeda, LLC (dba eStork), a software platform connecting health providers to deals on medical supplies; FillShift, LLC, a platform to match shift workers with employer needs; and Dogways, Inc., developing software aimed at pet owners.
  • The Baird Research Park at University at Buffalo, which is anchored by the UB Technology Incubator, will host Geocove, Inc., a company moving from Florida, which provides GIS tools; and Natural Energy Systems, a Canadian company that converts organic waste to renewable fuel.
  • The Southern Tier High Technology Incubator, currently under development, will temporarily house two companies at the Binghamton University Engineering and Science building: Baceapp Corp., a firm moving from North Carolina, which is developing a software platform to connect commercial building owners to service suppliers; and LightSpin Technologies, Inc., moving from Maryland and Connecticut, which is developing high-performance components based on compound semiconductors. 

For more information and the complete list of approvals, see the news release from the office of Gov. Andrew Cuomo. 

Four LLC, a nutrition-technology company, joins BioInc@NYMC incubator as fourth tenant

Four LLC, a nutrition company developing products aimed at curbing food craving, joined the BioInc@NYMC incubator as its fourth tenant, according to a news release from incubator sponsor New York Medical College. 

Southern Tier Startup Alliance joins BIA/NYS

The Southern Tier Startup Alliance, a state-designated, university-affiliated Innovation Hot Spot including five of our member incubators, has taken a separate membership in BIA/NYS in its own right. The BIA/NYS members comprising the Southern Tier Startup Alliance are:

We thank all the members for their strong support. 

U.S. EDA recognizes two NYS incubator/accelerator programs with grants from newly enhanced Regional Innovation Strategies programs

The U.S. Department of Commerce Economic Development Administration has reinforced two NYS incubator programs (both members of our association) with significant awards under components of the newly expanded Regional Innovation Strategies program.  

According to a news release from U.S. EDA, the following awards were made:

  • $399,585 from the i6 Challenge Program to the Albany Medical Center Biomedical Acceleration and Commercialization Center (BACC), and an additional $124,910 from the Cluster Grants for Seed Capital Program toward planning for an associated (BACC)SEED Fund.
  • $500,000 from the i6 Challenge to the Southern Tier Startup Alliance (the NYS-designated regional Innovation Hot Spot, which is joining the association as an entity separate from the several distinct incubator sites that comprise its regional network).

The i6 Challenge is the fourth cycle of a national competition supporting targeted, high-impact federal investments in cluster formation through startup creation, innovation and commercialization. The Cluster Grants program provides funds to support planning for cluster-based seed-capital investment funds.

How incubators and related programs can leverage federal, state, and local funding to deliver services to entrepreneurs more effectively is precisely one of the topics we will be exporing at our 2015 annual meeting, which features a panel on this topic and as lunch speaker Ms. Julie Lenzer Kirk, director of U.S. EDA's Office of Innovation and Entrepreneurship (which operates the Regional Innovation Strategies).