Embark and Ecolectro enter McGovern Center life sciences incubator at Cornell

Embark Veterinary, which is developing a new gene-based testing platform for canine health, and Ecolectro, which is developing novel polymer materials for alternative-energy applications, are the newest tenant/clients admitted to the McGovern Family Center for Venture Development in the Life Sciences at Cornell's main campus in Ithaca. 

According to a university news release, Embark was cofounded by a Cornell faculty member and his brother (who is serving a the CEO), and Ecolectro's CEO and CSO are both graduates or soon-to-be graduates of doctoral programs at the university. 

Ecolectro last year participated in the NYSERDA-sponsored NEXUS-NY proof of concept center, a pre-incubator program operated by our member High Tech Rochester. 

KiiLN, a nonprofit accelerator for biotech in NYC, joins BIA/NYS

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!

 

KiiLN

BIA/NYS board adds three new members

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! 

 

NYU Tandon incubator program reviews entrants, graduations, funding rounds for 2015

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. 

 

 

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