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Submitted by admin on March 26, 2015 - 10:23am
A new 1,400 square-foot coworking space branded as the Innovation Zone will open at the Upstate MedTech Park, in the same building as our member the Bruce A. Holm MedTech Centre incubator. Buildout will be accomplished with a $50,000 grant from National Grid. For more information, please see the attached news release and this presentation.
The Innovation Zone and the MedTech Centre incubator anchor a 34-acre MedTech park in Batavia, situated across the road from SUNY's Genesee Community College, and qualifying as a START-UP NY tax-free zone.
The park sponsor Genesee County Economic Development Center is also partnered with two state-designated regional Innovation Hot Spots (WNY and Finger Lakes) that may grant other kinds of tax relief and provide a network of entrepreneurial support at other incubators.
Submitted by admin on March 24, 2015 - 5:33pm
The latest two batches of companies approved for the state's tax-free START-UP NY program once again include several firms either collocating with or graduating from our member incubators:
- Locating at the BNMC Thomas Beecher Jr. Innovation Center: Adiabatic Solutions, LLC (a winner of the state-sponsored 43North Buffalo business plan competition); DaStrong Corp.;
- Graduating from RIT Venture Creations incubator and moving into a START-UP zone in downtown Rochester: ClearCove Systems; and Darkwind Media Ltd.
- Locating at Venture Creations: Optel, Inc.
- Locating at Broad Hollow Bioscience Park: Mitogenetics, LLC, and Codagenix, Inc.
- Locating at Stony Brook University's flagship LIHTI incubator: C&M Robotics Co. Ltd.; QB Sonic, Inc.; AJES Life Sciences, LLC; Theragnostic Technologies, Inc.; SyncroPET Inc.
- Locating at Stony Brook's CEWIT incubator: BriteHome, LLC; STS Global Inc.;
First group of approvals for tax-free START-UP NY status in 2015 includes nine to co-house with our member incubatorsSubmitted by admin on January 31, 2015 - 5:08pm
The first group of companies approved in 2015 for tax-free status under the state's START-UP NY tax-free program includes several additional firms that will be cohoused with our member incubators, according to a news release from Gov. Andrew Cuomo. Companies approved for the program must be adding net new jobs to the state, either through relocation or startup, or else may be graduates from certified incubator programs. Here are the latest companies that will lodge with our members:
- At the Thomas Beecher Jr. Innovation Center at the Buffalo Niagara Medical Campus (under SUNY University at Buffalo's START-UP zone):
- Asana Medical, Inc., moving from Florida to develop a therpay for ulcerative colitis
- Genetesis, LLC, relocating from Ohio to develop a device to measure electrochemical activity through the skin
- HemoGenyx, LLC, developing biotechnology-based treatments for blood diseases
- KeepUp, Inc., a mobile app company aggregating user's social channels into a single newsfeed
- Raland Therapeutics, Inc., developing an implantable biosensor for cancer chemotherapy patients
- At UB's own Technology Incubator:
- NE Innovation, LLC, developing smart textiles for athletics and extreme sports
- At SUNY Downstate's Advanced Biotechnology Incubator:
- AzurRx BioPharma, Inc., developing treatments for pancreatitis and cystic fibrosis
- At SUNY Stony Brook's Long Island High Technology Incubator:
- Anschel Technology, Inc., manufacturing a device used during eye surgery
- Aset Therapeutics, LLC, developing biotech therapeutics for brain tumors and non-small cell lung cancer
Southern Tier REDC award to Ceramics Corridor parent will support 50 advanced-manufacturing jobs at former aircraft manufacturing site in Big FlatsSubmitted by admin on January 31, 2015 - 4:43pm
Some 50 advanced-manufactuirng jobs will be supported when our member the Ceramics Corridor incubator opens a third site, in 45,000 square feet leased from Chemung County Industrial Development Agency at the Schweizer Aircraft building on the former Sikorsky campus in Big Flats, according to coverage in the Elmira Star-Gazette.
The newspaper story provides additional detail on Southern Tier Regional Regional Economic Development Council award noted previously on our website. Alfred Technology Resources Inc., the parent of the incubators, is combining a $300,000 REDC award with $150,000 from the Appalachian Regional Commission for broadband access, and a $600,000 loan form the IDA, according to the story.
Alfred Technology Resources already operates two Ceramics Corridor incubators, one in Painted Post, near Corning, and a second in Alfred, the site of the New York State College for Ceramics at Alfred University. Both sites are affiliated with their respective region's Innovation Hot Spots.