Map-making app Orbitist enters SUNY Fredonia Technology Incubator

Orbitist, developer of a mobile app that allows rapid creation of multimedia maps for use in the tourism industry, entered our member the SUNY Fredonia Technology Incubator as its newest tenant/client.  The company is founded by Nicholas Gunner, a 2011 alumnus of the university, according to the attached university news release. 

Separately, the university announced the incubator will manage the campus's student business-plan competition

With latest batch of REDC awards, 25 sites affiliated with our members statewide are now state Certified Business Incubators

Seven of our member incubators received "Certified Business Incubator" status from the NYSTAR division at Empire State Develpment Corp. (ESDC), and two more received major capital grants from ESDC as part of the annual competition among the state's 10 Regional Economic Development Councils. This brings to 25 the number of sites operated by our members which have Certified Business Incubator designation. 

According to an award list released by Gov. Andrew Cuomo, our members receiving Certified Incubator status and its accompanying $125,000 annual operating grant are: 

We also congratulate two additional certified incubators that we hope will shortly join our membership: Mt. Sinai's Med-Tech Incubator and the multi-site program of LaunchPad Long Island.

The Certified Incubator Program was created several years ago as part of a budget agreement between Governor Cuomo and the state Senate, resulting in the first-ever program of state operating supports for business incubators that demonstrate in statewide competition that they are operated according to best-practice standards. A majority of our member incubators are also affiliated with the state's Innovation Hot Spot Program, which provides larger operating grants and certain tax benefits to client companies. Finally, more than 30 of our members have at least some space certified for completely tax-free occupancy by those companies that are approved under the state's START-UP NY program. 

Two of our member incubators received major ESDC capital grants: 

We also congratulate all the additional winners of ESD grants for incubator construction, including programs at Hofstra University and the New York Institute of Technology that we hope will shortly join us. 

ThermoLift, client of NYSERDA-supported CEBIP at Stony Brook accepted into Wells Fargo Innovation Incubator

ThermoLift, which is being incubated by the NYSERDA supported Clean Energy Business Incubator Program (CEBIP) at Stony Brook University, will receive a supplemental $250,000 cash award and extensive in-kind technical consultation from the U.S. Department of Energy as part of the Wells Fargo Innovation Incubator, designed to promote innovative cleantech for commercial buildings.

ThermoLift is developing a highly efficient, natural-gas-driven heat pump. It is asssisted by CEBIP and resides at the Stony Brook's Advanced Energy Incubator. It is one of only 10 companies nationally accepted into Wells Fargo's five-year, $10 million program. For more information, please see the Wells Fargo news release. 

 

Zahn Center rolls out new cohorts in three core programs

The Zahn Innovation Center incubator at the City College of New York (CCNY) announced it selected six semi-finalists and one alternate for each of its three core programs, from among 99 entries submitted by CCNY students.

The three core programs are for ventures in connected hardware, startups led by women entrepreneurs, and social-impact ventures. A full list of the cohort is available here and each of the three named competitions is described here under "sponsors."

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