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Tech Garden's NYSERDA-sponsored Cleantech Center graduates 3 firms, admits 6 new ones to incubation programSubmitted by admin on July 20, 2014 - 4:57pm
The NYSERDA-funded Cleantech Center operated by our member The Tech Garden announced the graduation of three companies and entrance of six new startups into its clean-energy incubation program. At the Cleantech Center, graduation generally indicates that a firm has developed a complete business plan, leveraged $500,000 in private capital, and sold its first product to paying commercial customers. Collectively, the graduates employ 33 persons in businesses that were just concepts several years ago.
Graduating the incubation program were:
- Cortland Research, which sells wireless-networked energy-management systems;
- Ephesus, which sells solid-state lighting fixtures; and
- Rapid Cure Technologies, which sells coatings that can be cured by energy-efficient and environmentally friendly techniques.
Entering the incubation program were:
- Green, developing recycling processes for electronic circuit boards;
- EkoStinger, developing drag-reducers for truck undercarriages;
- Full Circle Feed, which reprocesses food leftovers into dog treats;
- SparkCharge, which plans to offer a network of charging stations for electric vehicles;
- Windsor Wood, developing a treatment for wood products to enhance strength and durability; and
- Wireless Grids Corporation, provoding energy management systems for the built environment.
The Tech Garden also announced the reopening of its multimedia auditorium and conference center as the Fibertech Networks Theater. For more information, see the news release issued by The Tech Garden's sponsor, CenterState CEO, or coverage at the Post Standard's syracuse.com.
Do startups stick to the region where they started? The Post-Standard explores Tech Garden tenant Density as a case studySubmitted by admin on July 12, 2014 - 8:32am
Coverage in the Post-Standard's syracuse.com uses the example of Density, a tenant at The Tech Garden, to explore the question of whether startups stay anchored where they were started or relocate in chase of capital.
Density, which is developing systems to help retailers track foot traffic in sophisticated ways, opened a two-person office in San Francisco while keeping two other jobs in Syracuse, citing practical advantages as well as its moral debt to the incubator. Other startups at The Tech Garden have made different choices and were not impeded.
One thing we know about business incubators is that 84% of their graduates choose to remain in-region. Density itself was a spinoff of Tech Garden anchor tenant Rounded, exhibiting another well known synergy of business incubation.
Submitted by admin on April 30, 2014 - 9:55am
The Tech Garden, one of our founding supporting members, is expanding into 18,300 square feet of space on the ground floor of AXA Tower 1, directly across the plaza in downtown Syracuse where the incubator is situated. The expansion is intended to maximize the recent designation of The Tech Garden as leader of a state-designated Innovation Hot Spot for the Central New York region, according to the just-released 2014 annual report of CenterStateCEO, the sponsor of the incubator.
Submitted by admin on April 28, 2014 - 8:58pm
Thirteen of our member incubators were formally awarded status as Innovation Hot Spot leaders or NYS Certified Incubators, in a ceremony conducted in Albany by New York State Commissioner of Economic Development Kenneth Adams, ESDC/NYSTAR Division Director Matt Watson, and NYSTAR Director of Business Development Mike Ridley.
Here is a full gallery of photos from the awards ceremony. We will update this post when a formal news release is available. For more background on these programs, see our prior coverage. To determine if a member incubator leads or participates in an Innovation Hot Spot or holds Certified Incubator status, you can search our member database.
Congratulations to our members, and good luck to those who will be competing in the downstate round of competition for Innovation Hot Spots coming up this spring.