Rensselaer Polytechnic Institute has announced a major reorientation of the RPI Incubator Program, a founding member of this association and often recognized as the first university-affiliated business incubator in the United States.
In several interviews with local press, including one with The Troy Record available here, Rensselaer Chief of Staff and Associate Vice President Laban Coblentz described the institute's plans to focus most intensively on providing assistance to young companies developing energy and environmental technologies.
As part of this shift, RPI will relocate the current tenants of the aging incubator building on Peoples Avenue to other space in and around Troy, including both university-owned and private properties. After the move, some companies will remain in the Incubator Program, and others will be "graduated" if their status permits.
With an emphasis on services rather than a single location, and deeper partnerships with on-campus entities such as the Severino Center for Technological Entrepreneurship and the Office of the Vice Provost for Entrepreneurship, RPI projects that the capacity of the Incubator Program to serve university spin-offs and other startups may rise.
Since its founding in 1980, the RPI Incubator Program has graduated a number of companies that are now prominent in the "Tech Valley" landscape, including Albany Molecular Research Inc. and MapInfo, now the Business Insight division of Pitney Bowes.