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Submitted by admin on May 23, 2014 - 10:01am
High Tech Rochester's two business incubators and Rochester Institute of Technology's Venture Creations incubator, which already collaborate on the Rochester Regional Business Plan Competition, are now more closely coordinated than ever through a NYS-funded regional Innovation Hot Spot co-led by HTR and RIT. Both incubator programs recently released waves of news:
- The first, second, and third place winners of the Rochester Regional Business Plan Competiton (Ovitz Corporation, Advanced Quantum Imaging, and RWP Energy) will receive in addition to cash prizes free incubation services from HTR.
- One of the two runners-up, IMSWorkX, Inc., is already a tenant/client of RIT's Venture Creations incubator and will receive additional in-kind services as it advances its platform for IP-based communications services.
- The Rochester Democrat and Chronicle covered the work of Venture Creations tenant Darkwind Media Ltd., which is one of the early game developers for Microsoft's Xbox One. Story and video here and news release here.
- In a new series of detailed profiles, HTR described the various ways in which it has helped tenant Koning Corporation accelerate the development of its new diagnostic for early detection of breast cancer. Profile here.
- HTR and Governor Cuomo also jointly announced the winners of seed awards through the NEXUS-NY proof of concept center funded at HTR by NYSERDA. These $55,000 awards combined with business mentoring amount to a pre-incubation program for clean energy entrepreneurs and early-stage clean-energy technologies emerging from upstate universities (including in the first round RIT, Cornell, SUNY ESF, RPI, and SUNY Albany).
- Among the winners was Hydratics, a tenant-client of RIT Venture Creations that is pursuing low-power desalination technology. For more, see a news story.
- WROC-TV 8 visited ClearCove Systems, an energy-from-wastewater company also incubating at Venture Creations and testing at municipal waste systems in Ithaca and Albany.
International Business Times visits BotFactory, a venture at NYU's DUMBO Incubator that is creating rapid-prototyping tools for electrical engineersSubmitted by admin on May 21, 2014 - 1:49pm
Started by several former students at NYU Polytechnic School of Engineering, BotFactory is aiming to provide electrical engineers with rapid-prototyping tools analogous to the 3D printers now commonly used by industrial designers. For more information, see the International Business Times story and video.
Submitted by admin on May 16, 2014 - 8:08pm
The role of incubators in feeding and sustaining a regional entrepreneurial support system is the focus of a fascinating blog entry by Pat Whalen, the COO of the Buffalo Niagara Medical Campus:
In 2010 we opened [our supporting member] the Thomas R. Beecher, Jr., Innovation Center as a place for start-up companies. At that time, there were two companies in the building. Today, we have over 60 companies in the building, and all but two are still managed by their founders. We also have companies that provide business support to the entrepreneurs such as: attorneys, creative services, technology and finance. While renting or leasing space to start ups is risky business, it is vital to the entrepreneurial ecosystem. However, providing space is really just the tip of our mission. Our mission is to help the entrepreneurs grow their enterprises and ultimately “graduate”. By doing this well, we create tenants for area real estate developers. . . . I’m so proud of this collaborative environment we have created here, and it’s working! To date, we have three successful “graduate” companies from the suites and are working to launch one more in the coming months. Three of the four companies have gone on to other commercial real estate around the city.
A serial entrepreneur who has started more than 20 companies and sold one to a Fortune 50, Pat is the champion of the Innovation Center and its co-working space d!g. He's joining our board of directors this year. For the full blog entry, go here.
Submitted by admin on April 30, 2014 - 9:55am