Submitted by admin on January 17, 2016 - 1:01pm
Keystone for Incubating Innovation in the Life sciences Network (KiiLN), a nonprofit accelerator aimed at assisting early-stage biotech startups in New York City, has joined BIA/NYS as our newest member. KiiLN was an awardee in last year's Growth Accelerator competition managed by the U.S. Small Business Administration. KiiLN was created by a group of former doctoral and postdoctoral students at Mount Sinai School of Medicine.
KiiLN has also announced a partnership with BioLabs New York, a wet-lab coworking space planning to open in Manhattan as part of a national network affiliated with Cambridge Biolabs, a coworking and contract research organization. When the location of BioLabs New York is announced, KiiLN will have a physical space from which to operate its programs. BioLabs New York was the winner of a $2 million grant from Empire State Development as part of the latest awards cycle of the Regional Economic Development Council process.
We warmly welcome KiiLN and its partners at BioLabs New York to membership!
Submitted by admin on December 31, 2015 - 12:19pm
The board of the Business Incubator Association of NYS has added three new members to fill vacancies. The new board members are:
The full board is listed here. Elections to the board are held at each annual members' meeting, but the board acts to fill vacancies directly when they occur during the year, usually due to a job change or promotion that results in a director no longer representing an incubator member of the association. Congratulations, Kathi, Matt, and Esther!
Submitted by admin on December 28, 2015 - 10:37am
The three incubators associated with NYU's Tandon School of Engineering welcomed 21 new entrants including six at the NYSERDA-supported NYC ACRE clean-energy incubator, according to a year-end review published by the NYU Tandon news office.
Milestones reported by incubator clients during the year included several major funding rounds, graduations and awards or recognitions:
- Agrilyst won Tech Crunch Disrupt.
- Bounce Exchange moved into the New York Times Building and is expanding to Germany and Singapore.
- Clarifi, a Varick Street Incubator tenant, raised a $10 million round of funding and graduated.
- CB Insights, a graduate of the Varick Street Incubator, raised a $10 million round of funding.
- Clear Grid Innovations won Second Prize at Columbia University's Energy Symposium.
- EVBox , the EU’s leading electric vehicle charging company, launched its American operations at NYC ACRE.
- Pure Energy Partners helped to create and launch the new Carbon X prize for carbon emissions reduction.
- Sistine Solar won a coveted $1million SunShot grant from the U.S. Department of Energy.
- StyleSage won a “Game Changer” Award in Europe.
- Swyft Media graduated from the Varick Incubator by way of acquisition.
- United Wind, an NYC ACRE graduate, secured $13.5 million in financing for small-scale wind leases.
- Verizon Powerful Answers awarded two companies $250,000: Radiator Labs and Books that Grow.
- Three companies—BlocPower, Smarter Grid Solutions, and Sealed—won New York State Reforming the Energy Vision (REV) demonstration / NY Prize contracts.
The university reports a 90 percent survival rate for the incubator program. Of 64 firms graduated since the program opened in 2009, some 56 remain operational. The year-end review also recaps the 5 companies approved by the state for residency in tax-free START-UP NY space collocated with the three incubators.
Separately, NYU Tandon also reported the inclusion within the DUMBO incubator of Prosper, a new pre-incubator for veteran-led startups.
Submitted by admin on December 28, 2015 - 10:21am
Two companies that either reside in or trace their roots to the UB Technology Incubator were acquired during 2015, according to a year-end review of six acquisitions, funding rounds, and federal funding published by the University at Buffalo news office.
Acquired were Refulgent Systems, developer of the Ambur app for restaurant management, and Cloud62, a Salesforce.com implementation partner. The former was acquired by competitor ShopKeep, based in New York City, and the latter by a Chicago-based consultancy.
Separately, UB also published summaries of the companies admitted into other UB-affiliated space as part of the (previously reported) most recent round of approvals under the state's tax-free START-UP NY program.