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NYSERDA case study describes Directed Energy incubator's creative use of purchasing power to accelerate Isolation SciencesSubmitted by admin on July 11, 2014 - 9:17pm
The first 30 energy-efficient laboratory fume hoods manufactured by Isolation Sciences were produced on order from the NYSERDA-sponsored Directed Energy incubator at our member University at Buffalo. Isolation Sciences is a non-resident client of Directed Energy, based nearby. An excellent case study published on NYSERDA's cleantechNYconnect blog describes this creative use of incubator purchasing power to focus the startup's attention on the final steps of the manufacturing process and on early sales.
Submitted by admin on June 8, 2014 - 9:18am
Our member incubators and research parks played roles in the first wave of approvals announced by Governor Cuomo under the START-UP NY tax-free program. In each case, we have at least one member incubator that has been heavily involved in preparing and guiding applications and may comprise part of the approved zone. Also in all cases, our members operate university-affiliated Innovation Hot Spots or Certified Incubators whose graduates will be eligible for consideration for entry into START-UP NY zones as if they were companies new to the state.
According to a news release from the Governor's office, companies were approved for benefits in tax-free zones at the University of Buffalo, Rochester Institute of Technology, Cornell University, and SUNY Downstate Medical Center. Additional news releases can be found at the websites of the University at Buffalo, the Rochester Institute of Technology, and Cornell University.
Harrison Place turns a corner, ready to serve WNY Innovation Hot Spot as incubator for 'makers' and manufacturing companiesSubmitted by admin on May 28, 2014 - 10:05am
Harrison Place, an industrial re-use project operated as an incubator-like facility by our member Mancuso Business Development Group, has turned a financial corner according to coverage in the Buffalo News.
With the move-in of 100 jobs from high-tech instrument manufacturer Trek, the multi-building complex owend by the City of Lockport development agency and managed by Mancuso Group turned cash-flow positive.
The News quotes B. Thomas Mancuso, company CEO and member of our association's board of directors, as noting that Harrison Place will be the only member of the state-designated Western New York regional Innovation Hot Spot capable of accommodating manufacturing tenants.
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.
Research Network Blog of NYS SBDC
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