Submitted by admin on April 8, 2016 - 9:15am
The Peyton Hall Incubator at Clarkson University highlighted several of its 34 resident firms during a recent tour for St. Lawerence County officials, timed to coincide with release of a regional economic-development strategy commssioned from McKinsey by the New York Power Authority.
According to news coverage in the Watertown Daily Times and North Country Now, Peyton Hall tenants have raised $10 million in private capital. The Shipley Center for Innovation at Clarkson supports not only the incubator in downtown Potsdam, but a network of five satellite locations across the North Country region, through a state-designated Innovation Hot Spot.
Submitted by admin on April 8, 2016 - 8:37am
The Enterpreneurship and Technology Innovation Center (ETIC) at the New York Institute of Technology (NYIT) has joined BIA/NYS as our newest member, at the "supporting" level that recognizes statewide leadership in business incubation.
The 8,000 square-foot facility targets serving independent entrepreneurs in three sectors: IT and cybersecurity; bioengineering and medical devices; and energy and green technologies. It will also be integrated with student business-plan competitions on campus.
The ETIC was built with funding from the U.S. Economic Development Administration (EDA), matched by a capital grant from Empire State Development (ESD) announced earlier in the year. The incubator is being managed by Dr. Marta Alicia Panero, and the project champion is NYIT Dean of Engineering Prof. Nada Marie Anid.
For more information, see last year's news release from NYIT. We warmly welcome ETIC to membership and thank NYIT for its leadership and support!
Submitted by admin on March 26, 2016 - 3:41pm
Over at Upstate Venture Connect, there's an excellent blog entry featuring an interview with Nandita Bal, chief engineer of Geri-Safe, a startup develoing technology to help older adults. In the interview, she describes how her team's venture leveraged the Hardware Accelerator sponsored by the Southern Tier Startup Alliance (the state-designated Innovation Hot Spot) and then decided to enter the Rev: Ithaca Startup Works physical incubator:
The $2,000 in development funds that I received as part of the Hardware Accelerator program was enough to get a functioning prototype–the 3D printer in the Rev prototyping lab helped us test a lot of the small details of our specific designs before considering manufacturing. And the mentors were always there to guide me, so my work never stopped. There are so many events that keep happening at Rev, so the whole community thinks of Rev as the place to come talk about startups. For networking, that was great. The university, the location, the mentorship, the space, the Hardware Accelerator workshop, the network–those are what made me stay in the Southern Tier.
The Hardware Accelerator got started last year with a grant from the U.S. Small Business Administration (SBA). For the rest of the interview, please follow this link.
Submitted by admin on March 26, 2016 - 3:18pm
Our member The Entrepreneur Space is celebrating its 5th anniversary and also the graduation into commercial space of Little Bird Fire Bites, which produces chocolate-covered jalapeño treats. In his executive director's newsletter, Queens Economic Development Corporation's Seth Bornstein recounts:
They rented the Entrepreneur Space for their first shift in May 2013. Then, they refined their recipes. They learned how to transform a product they used to make in their home kitchen into one that could be mass-produced. They learned how to market their product. Their packaging became professional, and they developed a great website. Slowly, they added additional shifts and staffers. In the last year, demand for their fiery chocolate has grown at a quick clip. (It's sold on line and in specialty stores around the country.) Fast forward to today, and as is the case for all little birds, they are leaving the nest. Late last year, they informed us they were going to move into their own facility because they had outgrown the E-Space. (In fact, they recently had their last shift in Kitchen D.) Over the last three years, they have grown wings, as evidenced by their staff of six and increased revenues.