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Submitted by admin on February 23, 2014 - 4:27pm
The Innovation Hot Spot serving the Southern Tier region, a multi-institution collaboration known as the Downtown Ithaca Incubator, has joined BIA/NYS as our newest member. The main partners of the regional Hot Spot are Cornell University, Binghamton University, and the Ceramics Corridor Innovation Centers (all also members of BIA/NYS). The physical incubator is a collaborative venture among Cornell University, Ithaca College, and SUNY's Tompkins Cortland Community College (TC3).
The downtown facilty is intended as flexible coworking space for entrepreneurs whether they are college or university-affiliated or independent. Tenants and clients will be encouraged to graduate and expand into nearby commercial space. The Innovation Hot Spot award carries annual operating funding from NYS and strong tax incentives for startup enterprises. Cornell received a separate capital grant from the state to support buildout of space in the redeveloped Carey Building at 314 East State Street, just off the downtown Commons.
The incubator and Hot Spot will be directed by Tom Schryver, an undergraduate and MBA alumnus of Cornell with a long record of entrepreneurial success. For more information, see the news releases issued by Cornell, Ithaca College, or TC3. We warmly welcome the Downtown Incubator to membership!
Submitted by admin on February 21, 2014 - 11:24am
The Entrepreneur Space, a kitchen and office incubator based in Long Island City, celebrated its third anniversary under the sponsorship of the Queens Economic Development Corporation. For more, please see the attached release. The photograph shows Queens Borough President Melinda Katz and City Council Member Jimmy Van Bramer and other guests and dignitaries looking on as the cake is cut.
Rochester paper covers two tenant/clients of NYSERDA Clean Energy Incubator at RIT Venture Creations; local media review rapid job growth at two othersSubmitted by admin on February 21, 2014 - 10:39am
- In an article on African American entrepreneurs, the paper featured R-Display & Lighting, a company developing organic light emitting diodes (OLEDs). CEO Dr. Tommie Royster is a former Kodak chemist;
- In a separate story on Clear Cove Systems, the paper covered the test of its technology for generating energy from sewage treatment, currently under way at Ithaca's municipal wastewater plant.
The paper also revisited Vnomics, a Venture Creations graduate that has received considerable attention for its fleet-management and diagnostics system. The story reviewed the RIT spinoff's expectation to add 100 new jobs in the next two years, and its contract with Navistar, a major industrial company.
In addition, the Rochester Business Journal covered the rapid growth of IMSWorkX, a developer of applications for IP-based telecommunications, which entered the incubator with four employees a little more than a year ago, has grown to eight, and now expects growth to 12.
KYNTEC graduates from UB Technology Incubator to 27,000 square feet of commercial space after 7 months of rapid growthSubmitted by admin on February 21, 2014 - 10:15am
KYNTEC Corpopration, a maufacturer of high-tech shock absorbers and mounts, graduated from the UB Technology Incubator after only 7 months of rapid growth to 27,000 square feet of private-sector manufacturing space in nearby Cheektowaga. KYNTEC became the 88th company to graduate from the incubator, which is one of our founding supporting members and an anchor of the Western New York Innovation Hot Spot. For more information, see the university news release.
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