Public Policy Institute of NYS endorses more incubator capacity as component of overall state bioscience strategy

Expanded the range of affordable incubator space for bioscience startups is one of the recommendations a new report from the Public Policy Institute of New York State (PPI), an affiliate of the Business Council of New York State. Entitled “Cultivating the Next Generation of Discoveries and Development in New York Bioscience,” the report draws attention to our members including SUNY Downstate’s Advanced Biotechnology Incubator and BioBAT, as well as RIT’s Venture Creations, and it argues that more capacity is needed.

The report also favorably mentions S.6860/A10019, which would create an incubator network eligible for support through Empire State Development Corp.’s Division of Science, Technology & Innovation (dba NYSTAR). Our association’s board of directors has also endorsed this bill, which is sponsored in the Senate by Sen. Martin Golden and in the Assembly by Assemblyman Robin Schimminger (co-sponsors Assembly Members William Scarborough, Donna Lupardo and Dennis Gabryszak).

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