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Rev: Ithaca Startup Works announces acquisition of Push Interactive, from first wave of tenant/clientsSubmitted by admin on February 16, 2015 - 8:27pm
Push Interactive, one of the first tenants of our member Rev: Ithaca Startup Works, has been acquired by local custom software developer GORGES, Inc., according to news releases from Rev and from Cornell University, one of the downtown incubator's three collegiate co-founders.
Push Interactive, developed by recent graduates of Ithaca College (another Rev founder), provides Bluetooth "beacons" that allow retailers to interact directly with visiting customers. According to the news release, the acquisition was catalyzed by Rev entrepreneur in residence Brad Treat. Rev's leader Tom Schryver also coordinates the state-recognized Southern Tier Innovation Hot Spot consortium.
Submitted by admin on February 16, 2015 - 8:13pm
Our member the Brooklyn Fashion + Design Accelerator won broad media attention coinciding with its well received "Cloud Couture" exhibition during New York Fashion Week, covered in the widely read "About New York" column of The New York Times. The Pratt Institute-affiliated incubator also won coverage in Crain's New York Business, which focused on New York City's efforts to revive the fashion/garment manufacturing sector, and in Women's Wear Daily.
Tech Garden adds expansion space, new-business competition; affiliate will manage $1.5m for tech commercialization from NYS Innovation Venture Capital FundSubmitted by admin on February 16, 2015 - 7:50pm
Our supporting member The Tech Garden opened an 18,000 square-foot expansion wing and launched a $600,000 new-business competition. In addition, the sponsoring CenterState Corporation for Economic Opportunity won a $1.5 million allocation from the New York State Innovation Venture Capital Fund. The Tech Garden also manages the state-designated Central New York Innovation Hot Spot consortium.
- The Tech Garden II, opened in newly renovated space on the ground floor of the adjacent AXA Tower 2, eases capacity constraints at the main Tech Garden incubator and provides space for companies certified under the state's START UP NY tax-free program, operated in conjunction with Syracuse University. Tech Garden II will also house the closely affiliated NYSERDA-sponsored Cleantech Center. For information, see the news release from CenterState CEO.
- The new-business competition, called The Germinator, will award a total of $600,000 in equity investments made in increasingly competitive funding rounds every six months over two years. In addition to business advice and mentoring, participants may use the services of DevBox, an in-house development shop established by the resident Syracuse Student Sandbox. For more information, see a second news release from CenterState CEO.
- The Grants for Growth university/industry matching-grant program operated by the Tech Garden's sponsor CenterState CEO will now also manage $1.5 million in funds provided by the NYS Innovation Venture Capital Fund. The money will be used for pre-seed investments in technology commercialization from universities across 22 upstate counties, according to a news release from the office of Governor Andrew Cuomo.
First group of approvals for tax-free START-UP NY status in 2015 includes nine to co-house with our member incubatorsSubmitted by admin on January 31, 2015 - 5:08pm
The first group of companies approved in 2015 for tax-free status under the state's START-UP NY tax-free program includes several additional firms that will be cohoused with our member incubators, according to a news release from Gov. Andrew Cuomo. Companies approved for the program must be adding net new jobs to the state, either through relocation or startup, or else may be graduates from certified incubator programs. Here are the latest companies that will lodge with our members:
- At the Thomas Beecher Jr. Innovation Center at the Buffalo Niagara Medical Campus (under SUNY University at Buffalo's START-UP zone):
- Asana Medical, Inc., moving from Florida to develop a therpay for ulcerative colitis
- Genetesis, LLC, relocating from Ohio to develop a device to measure electrochemical activity through the skin
- HemoGenyx, LLC, developing biotechnology-based treatments for blood diseases
- KeepUp, Inc., a mobile app company aggregating user's social channels into a single newsfeed
- Raland Therapeutics, Inc., developing an implantable biosensor for cancer chemotherapy patients
- At UB's own Technology Incubator:
- NE Innovation, LLC, developing smart textiles for athletics and extreme sports
- At SUNY Downstate's Advanced Biotechnology Incubator:
- AzurRx BioPharma, Inc., developing treatments for pancreatitis and cystic fibrosis
- At SUNY Stony Brook's Long Island High Technology Incubator:
- Anschel Technology, Inc., manufacturing a device used during eye surgery
- Aset Therapeutics, LLC, developing biotech therapeutics for brain tumors and non-small cell lung cancer