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Tech Garden will manage $3m data-oriented accelerator, latest in series of public-private investment pools aimed at generating and de-risking startupsSubmitted by admin on June 21, 2015 - 2:01pm
Gov. Andrew Cuomo announced that The Tech Garden, a 10-year-old, multifaceted incubator program in downtown Syracuse that is one of our founding members, will manage a $3 million business accelerator competition aimed at startups with a focus on big data analyatics, cybersecurity, and data-driven manufacturing. For more details, see Gov. Cuomo's news release.
The accelerator, named GENIUS NY (for Growing ENtrepreneurs & Innovators in UpState NY), is the latest in a series of innovative programs at The Tech Garden that deploy a mixture of public and private funding to generate and de-risk investment opportunties for angel and VC funds both in the Central New York region and beyond:
- The Cleantech Center, contracted by NYSERDA to incubate clean-energy startups;
- The Germinator, a phased pre-seed investment competition under which the grand winner will gain $250,000 in capital;
- Grants for Growth, a long-standing program of The Tech Garden's parent CenterStateCEO, which will manage a $1.5 million university technology-commercialization fund provided by the NYS Innovation Venture Capital Fund; and
- The ESD-designated Innovation Hot Spot for Central New York, providing entrepreneurial support and tax relief for startups situated at incubators throughout the region.
Together, these programs provide an unmatched resource for entrepreneurial development. We congratulate our member The Tech Garden and look forward to further announcement of matching arrangements with private-sector investors.
Submitted by admin on June 19, 2015 - 9:47pm
The day preceding our 2015 annual meeting, our sponsor the New York State Energy Research and Development Authority (NYSERDA) convened its first-ever meeting of all the contractors in its incubator, proof-of-concept center, and other innovation programs. This session was followed by a coordinating meeting with the state-designated Innovation Hot Spots that hold contracts from the NYSTAR division of Empire State Development.
Many of these incubators, proof-of-concept centers, and related programs are operated by our members, or by sibling programs in the same parent organization. Below are download links to the presentations which we have received permission to post publicly. Reviewing these short documents is an an excellent way to understand their respective approaches and accomplishments.
The NYSERDA and NYSTAR contracts all make cost-effective use of existing incubator infrastructure and management, by adding staff and programs dedicated to the agencies' specific objectives. We are very pleased with our partnerships with NYSERDA and NYSTAR and thank the program managers at both entities.
Submitted by admin on June 8, 2015 - 9:17am
Gov. Andrew Cuomo announced that our member the Central New York Biotech Accelerator, a wet-lab incubator based at SUNY Upstate Medical Center in Syracuse, will receive $500,000 from Empire State Development to cover a portion of the costs of advanced instrumentation and equipment for use by tenants and their university partners. The CNY Biotech Accelerator is a priority project of the Central New York Regional Economic Development Council and involves multiple institutions in the region. For more information, see the Governor's news release.
Submitted by admin on May 24, 2015 - 1:41pm