The Innovation Hot Spot serving the Southern Tier region, a multi-institution collaboration known as the Downtown Ithaca Incubator, has joined BIA/NYS as our newest member. The main partners of the regional Hot Spot are Cornell University, Binghamton University, and the Ceramics Corridor Innovation Centers (all also members of BIA/NYS). The physical incubator is a collaborative venture among Cornell University, Ithaca College, and SUNY’s Tompkins Cortland Community College (TC3).
The downtown facilty is intended as flexible coworking space for entrepreneurs whether they are college or university-affiliated or independent. Tenants and clients will be encouraged to graduate and expand into nearby commercial space. The Innovation Hot Spot award carries annual operating funding from NYS and strong tax incentives for startup enterprises. Cornell received a separate capital grant from the state to support buildout of space in the redeveloped Carey Building at 314 East State Street, just off the downtown Commons.
The incubator and Hot Spot will be directed by Tom Schryver, an undergraduate and MBA alumnus of Cornell with a long record of entrepreneurial success. For more information, see the news releases issued by Cornell, Ithaca College, or TC3. We warmly welcome the Downtown Incubator to membership!