News about tenant/clients
News about tenant/clients of BIA/NYS member incubator programs.
Submitted by admin on January 23, 2016 - 4:33pm
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.
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.
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.