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KYNTEC graduates from UB Technology Incubator to 27,000 square feet of commercial space after 7 months of rapid growthSubmitted by admin on February 21, 2014 - 10:15am
KYNTEC Corpopration, a maufacturer of high-tech shock absorbers and mounts, graduated from the UB Technology Incubator after only 7 months of rapid growth to 27,000 square feet of private-sector manufacturing space in nearby Cheektowaga. KYNTEC became the 88th company to graduate from the incubator, which is one of our founding supporting members and an anchor of the Western New York Innovation Hot Spot. For more information, see the university news release.
Submitted by admin on February 13, 2014 - 11:10am
Two of our member incubator programs collaborate on new resource for upstate innovation & entrepreneurshipSubmitted by admin on January 22, 2014 - 9:59pm
Several units of SUNY's University at Buffalo, including the two incubators operated by the UB Office of Science, Technology Transfer and Economic Outreach (STOR), have collaborated with our member Launch NY to debut www.upstatenyresources.org, a new web resource for current and would-be entrepreneurs. For more information, see UB's news release.
New York State's designation of 'Innovation Hot Spots' and 'Certified Incubators' favored BIA/NYS members with solid histories of accomplishment and well designed operating plansSubmitted by admin on December 12, 2013 - 5:00pm
Our member incubators with strong track records and plans for the future dominated Empire State Development Corporation's awards of "Innovation Hot Spots" and "Certified NYS Incubators." These awards were made under New York State's Regional Economic Development Council process, and recently announced by Governor Cuomo and Legislative leaders. Source for all awards is here.
The following awards were made to our members for "Innovation Hot Spots," which will receive support from ESDC for delivery of business incubation services according to best practices and which will also be able to offer certain tax advantages to tenant companies:
- in Western New York, a consortium led by our supporting member University at Buffalo (operator of the UB Technology and downtown Biosciences incubators) also involves our members SUNY Fredonia Technology Incubator, the BNMC Thomas Beecher Jr. Innovation Center, the Ceramics Corridor incubator at Alfred, Harrison Place, and SUNY's Buffalo State College.
- In the Finger Lakes, a consortium led by our supporting member High Tech Rochester (operator of Lennox Tech Enterprise Center and Rochester BioVenture Center) also involves another supporting member, RIT's Venture Creations incubator, and other resources in the region;
- In Central New York, a consortium is led by our supporting member The Tech Garden in Syracuse, a program of CenterState Corporation for Economic Opportunity;
- In the North Country, a consortium is led by our member the Peyton Hall Incubator at Clarkson University's Shipley Center for Innovation in Potsdam;
- In the Southern Tier, a consortium led by our supporting member Cornell University (operator of the McGovern Center biotech incubator) will collaborate with Binghamton University (operator of the Start Up Suite incubator), Ithaca College, Tompkins County Community College, and Corning Inc. This project also received a $1 million capital grant for a new incubator facility in downtown Ithaca just off the Commons.
Five more Hot Spots are expected to be named over the next year.
The following awards were made to our members for "Certified NYS Incubators," which will receive support from the state for delivery of business-incubation services according to best-practice standards:
- RPI, operating of the Emerging Ventures Ecosystem and RPI Tech Park;
- Orange County Business Accelerator in New Windsor;
- Mohawk Valley EDGE, sponsor of our member the Griffiss Institute (which also received a $1 million capital award for expansion) in Rome;
- Hudson Valley Center for Innovation (aka iCANny);
- Stony Brook University incubator programs (multiple facilities, LIHTI and others);
- Downstate Technology Center, operator of the SUNY Downstate Advanced Biotechnology Incubator and BioBAT in Brooklyn;
- NYU-Poly incubation program, operator of the Varick Street and DUMBO incubators in Manhattan and Brooklyn;
- The Technology Farm, aka the Cornell Agriculture and Food Technology Park in Geneva, Ontario County.
Several of our member awardees in both categories also operate clean-energy business incubators on contracts from NYSERDA, the state's energy R&D agency.
We congratulate all our winners and hope the state will be able to finance additional awards in the coming year. We are gratified to see an emphasis on best-practice incubation services rather than only new-facility construction, and support for regional collaboration.
Additional awards were made to a new Queens Tech Incubator and a new incubator operated by Albany Nanotech/CNSE. We warmly invite both to consider joining our membership!
UPDATE (12/16). Here is Empire State Development's official news release on the awards.
UPDATE (2/2): further edits for clarity and accuracy.Read more