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Latest group of START-UP NY approvals includes several companies collocating with our member incubators

The latest batch of companies approved for tax-free status under the state's START-UP NY program includes several that will collocate with our member incubators. Several approved campus-based START-UP NY Zones include space inside incubator buildings. You can search our member database by this or other important attributes here. According to the latest announcement from Empire State Development, growing companies approved for tax-free status while residing at our member incubators include:

The news release does not specify physical location in every case, and it is possible that the number of collocations is actually higher than this.

We are proud of the role that our member incubators are playing in providing space and university connectivity to growing companies approved under the START-UP NY program. 

Our university-based incubators and the first round of the state's START-UP NY tax-free zones

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.

 

BIA/NYS convenes 2014 annual meeting at Stony Brook

photoWatson and Ridley of NYSTARphoto

Our 2014 annual meeting attracted 65 leaders in incubation, innovation and entrepreneurship from around the state to SUNY's Stony Brook University, home to the flagship Long Island High Technology Incubator, the Calverton Business Incubator, the NYSERDA-sponsored Clean Energy Business Incubation Program, and incubation spaces in the state-backed wireless and advanced energy centers at the university's R&D Park. 

Welcome remarks were given by Dr. Yacov Shamash, the university's dean of engineering and vice president for economic development. Featured remarks were also offered by:

  • Matthew Watson and Michael Ridley of Empire State Development Corporation's NYSTAR division, which manages among other programs the NYS Innovation Hot Spot and Certified Incubator programs which our members have been very succesful at competing for; 
  • Bob Herz, deputy chief of staff to state Senator Martin Golden, on activities of the Senate Select Committee on Science, Technology, Incubation and Entrepreneurship;
  • Christopher Reim, managing director of the Community Development Venture Capital Alliance and managing director of the Innovate NY Seed Fund;

A featured panel discussion on crowd "resourcing" (funding and sourcing) was moderated by Laura Mann, executive director of FuzeHub, and included the following panelists:

  • Jim Allen, consultant to Shapeways;
  • John Dimatos, Kickstarter;
  • Kate Drane, Indiegogo;
  • Haytham Elhawary, CUNY Zahn Center;
  • Lou Walcer, Cornell McGovern Center.
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Empire State Development makes formal awards to Hot Spots/Incubators

Commissioner Kenneth AdamsMatt WatsonMike Ridley

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. 

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