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.
Submitted by admin on March 26, 2016 - 3:05pm
NYC ACRE, the NYSERDA-sponsored cleantech incubator at NYU's Tandon School of Engineering, has announced a collaboration with Greentown Labs of Somerville, Mass. Under the networking agreement, companies at either incubator will have access to events, professional connections, and even temporary desk space when visiting the other city on business. The programs will also exchange information on best practices. For more information, see NYU's news release.
Submitted by admin on March 19, 2016 - 8:28pm
Submitted by admin on March 19, 2016 - 8:19pm
Launch NY, a virtual incubator and "venture development organization" serving multiple counties in Western and Central New York, made its first seed investment of $50,000 in the form of a convertable loan to Rachel's Remedy, a portfolio company of the privately operated Z80 Labs incubator in Buffalo. Rachel's Remedy developed and sells "relief packs" for nursing mothers.
For more information and background from Launch president Marnie LaVigne, please see coverage in Buffalo Business First. For more background on how Launch NY helped Rachel's Remedy, see also this video, embedded after the break.