Submitted by admin on December 20, 2015 - 7:13pm
Submitted by admin on December 20, 2015 - 6:58pm
Of the latest group of 16 companies approved for the state's tax-free START-UP NY zones, about half will leverage the facilities or capabilities of our member incubators.
Two life-science companies, CortecNet Corporation and EpiBone, Inc., were approved for tax-free residency at the SUNY Downstate Advanced Technology Incubator in Flatbush, Brooklyn, where Governor Cuomo announced the opening of the third and final wing, bringing total square footage to 50,000.
Also hosting newly approved START-UP NY companies are New York University, the University at Buffalo, and Binghamton University, all of which maintain active membership in our association. At NYU the approved companies are physically located at our member incubators. At the two SUNY campuses, the new firms are either in the campus incubator or in one of several other nearby structures approved under START-UP NY.
Submitted by admin on December 20, 2015 - 6:41pm
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.
Submitted by admin on December 16, 2015 - 2:11pm
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.