the latest news about Business Incubators and Accelerators from across New York State
Decemeber 2020 NYS Incubator Report
AU-CACT partnership supports launch of start-up company at IncubatorWorks

In support of Gov. Andrew Cuomo’s high-tech vision for making New York State a leader in the development of advanced materials and manufacturing processes, Alfred University and its Center for Advanced Ceramic Technology (CACT) are supporting the launch of a new business which will commercialize a new additive manufacturing-based system for the terra cotta industry. 



Liftoff: CEBIP “Graduates” First Clean Energy Company into Marketplace

The Clean Energy Business Incubator Program (CEBIP) at Stony Brook University has brought its first seed company client into the marketplace, a “graduation” illustrating that a company sparked by an idea and a technology can build its prototype application and business plan through CEBIP’s guidance all the way to commercialization. ThermoLift, Inc., is now manufacturing a heating and cooling heat pump system for heating, ventilation and air-conditioning (HVAC) that can save up to 50 percent of normal energy costs.

Borough President Adams Awards $500k Grant To SUNY Downstate To Expand Biobat At Brooklyn Army Terminal

SUNY Downstate Health Sciences University announced a recent $500K capital fund grant from Brooklyn Borough President Eric L. Adams to construct state-of-the-art biotechnology research and manufacturing space at BioBAT, a nonprofit organization dedicated to fostering the growth of biotechnology in New York City. This grant will enable BioBAT to accommodate new companies that are either expanding from the regional incubators or moving to New York.

NYU Urban Future Lab's newest Catalyst NYC Cohort kicks off

Fifteen companies join our 6-month, equity-free accelerator. It’s a diverse group of startups tackling the spread of misinformation, growing data-driven gardening, increasing diversity in clinical trials, building tech for new moms, and more. Meet the game-changing companies in Catalyst NYC. 
BIANYS Launches Pre-Incubation Program

BIANYS has worked with our membership to create a pre-incubation program to help entrepreneurs from both Main Street to our neighborhood garages and coffee houses to assess their business model utilizing the lean startup methodology...

The program is designed to help startups and established businesses looking for mentorship as they pivot and test new business models and determine their next best course of action in launching the startup.....



BIANYS teams up with InBIA for the IMPACT Index Survey
for Entrepreneurship Centers
Additional Responses Needed!


This survey is essential to gather the data we all need to better address the issues facing our organizations and the companies we serve. Please fill out the survey:


MEMBER HIGHLIGHT
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CHRISTINA ORSI - ASSOCIATE VP FOR ECONOMIC DEVELOPMENT AT THE UNIVERSITY of BUFFALO

In this month's member highlight, Ms. Orsi joined BIANYS Director of Operations, Erin Hunt to highlight the program accomplishments of Buffalo's incubator programs.

How New York plans to drive investment to its ambitious climate initiatives

Because New York is the world’s most frequent issuer of CBI certified bonds (more than 20 issuances and $2 billion in green bonds sold), U.S. Green Bond Review is launching its first edition with a perspective from Doreen Harris, acting CEO and president of the New York State Energy and Research Development Authority (NYSERDA). 


This Westchester Accelerator Pioneers Cutting-Edge Science and Tech

 Westchester has emerged as a national hub of the biosciences industry, propelled by cutting-edge companies like Regeneron Pharmaceuticals in Tarrytown and Acorda Therapeutics in Ardsley. Keeping the momentum going behind the scenes, however, is The Catalyst, a division of the Westchester County Office of Economic Development that includes the Westchester County Biosciences Initiative.
Led by the newly appointed director of entrepreneurship and innovation for Westchester County, Deborah Novick, the Biosciences Initiative seeks to foster local biotech startups by facilitating key relationships with Westchester entities equipped to provide services such as financing/investment, marketing/PR, fundraising, workspace/infrastructure, legal advice, and insurance, among others.



Albany International Airport Partners with GE To Transform Airport into Digital Incubator for Safe, Post-Pandemic Air Travel

Albany International Airport in collaboration with GE (General Electric), have launched the first digitally-focused airport aimed at demonstrating new technologies to make air travel safer in a post-pandemic world. Highlighting today’s announcement is the Airport signing on as the launch customer for GE Aviation’s new Wellness Trace App, which the Airport has been using to track COVID-19 cleaning protocols. In the coming weeks, the Airport and GE will unveil other advanced artificial intelligence, machine learning and other digital technologies being deployed as part of this burgeoning Digital Incubator.




The world has anxiously waited for encouraging news about COVID-19 vaccine candidates. Happily, this news came right before Thanksgiving, with Moderna reporting that its vaccine is more than 94% effective and Pfizer indicating that its vaccine was similarly effective.
Pfizer is a well-known U.S. drug company, but few Americans had heard of Moderna before the company made headlines for pursuing a COVID vaccine. The company is a fascinating case study in American innovation and provides a roadmap for policymakers to support U.S. leadership in scientific and technological advancement.



UPCOMING EVENTS

BIANYS'S EXECUTIVE DIRECTOR and MEMBERS TO LEAD PANEL AT THE NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL'S ANNUAL CONFERENCE

"The Innovation economy, strategic investments and partnerships fueling New York’s recovery efforts"


January 20th - 21st
online

Marc Alessi is going to join BIANYS Chairman Tom Schryver who heads up CREA at Cornell University and Cheryl Kennedy from the Tech Valley Center of Gravity to speak on success stories on collaborations between traditional economic development organizations like IDA's and economic development organizations in the innovation ecosystem (incubators)


Utilities: Fast Forward to 2030 - Webinar

Dec 16, 2020 12:00 PM

Utilities and high tech/high risk didn't use to go hand in hand. And although the market is regulated by complex regulations, demand for transparency, and rising security concerns, utilities are starting to pivot from a traditionally conservative mindset to a fast forward-thinking and hands-on approach. Today some have their own venture arms focused on scouting bold startups to reinvent their business and the market. Raghu Madabushi Director of National Grid Partners and Kristina Lund, President of AES US Utilities, are getting together for a lively fireside chat about the utility sector and the so much needed continued changes to reinvent their business and the market, as well as about the fascinating technologies they have been investing in, the trends they see coming, and how you can be part of it.


BIANYS WELCOMES Amity Global Innovation Incubator to the Network!
Amity Innovation Incubator Joined BIANYS this past month

Amity Innovation Incubator which is a registered 'not for profit' society supported by an advisory body consisting of industrialists, venture capitalists, technical specialists and managers established to help entrepreneurs realize their dreams through a range of infrastructure, business advisory, mentoring and financial services.

Membership has its privileges

  • Shared experience of colleagues statewide

  • Increased awareness and collaboration of your programs amongst your colleagues throughout the state

  • Educational opportunities for incubator managers and staff

  • Networking opportunities in the NY, US and Global Innovation Ecosystems

  • Collective voice with policymakers

  • Discounted products and services for Incubator members and their clients

If you know an organization who can benefit from membership, put them in contact with us or share this link to our website:

Interested in becoming more involved with BIANYS?
Join one of our committees!

  • Programming
  • Legislative
  • Membership
  • Finance

Email: Admin@bianys.com

FUNDING OPPORTUNITIES
LUMINATE OPENS APPLICATIONS FOR 4TH COHORT
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  • Up to $100,000 investment at enrollment, plus a chance to compete for up
  • to $2M in follow-on funding
  • Access to investors, a world-class advisory board, and industry experts that can help you scale your business
  • Mentoring and lab facilities that provide the specific business and technical support you need
  • Applications are open now until Jan.7. Space is limited in this highly competitive program, so Apply now. Need more info? Register to attend a free webinar on Dec. 3 or Dec. 16, or visit luminate.org.


The X-Force program is now accepting applications for technologists and entrepreneurs to serve their country by solving real-world national security problems in collaboration with the U.S. military. Interested individuals may apply now through December 31, 2020.

Invest NY - Health & Wellbeing
January 28, 2021
CEO Roundtable - 10:00AM
Showcase - 12:00PM
Calling all startups! Apply to pitch at Invest NY: Health & Wellbeing, presented by NYSTAR and @UpstateCapital on January 28 online. Are you raising capital now or in the future? Apply today! https://www.investny.net/apply-to-pitch @EmpireStateDev @NYSERDA #startup #entrepreneur



NOTABLE FUNDING AND ACQUISITIONS-
Reported by TechNYC
1. NYC’s Forter, an commerce fraud prevention platform, has raised $125 million in a Series E funding at more than a $1.3 billion valuation. Bessemer Venture Partners and Felix Capital co-led the round and were joined by Capital, NewView Capital, Scale Venture Partners, March Capital Partners and Commerce Ventures. Forter’s platform uses machine learning to detect and prevent fraud in online retail transactions. (www.forter.com) (VentureBeat)

2. NYC’s Tapad, a provider digital identity solutions, has been acquired by Experian. The purchase price was $280 million. In 2016, Tapad was acquired by Norwegian telco Telenor for $360 million. (www.tapad.com) (Ad Exchanger)

3. Jersey City’s AvePoint, a data management platform for the Microsoft cloud, is being acquired by Apex Technology Acquisition, a Nasdaq-traded “SPAC” company formed for the purpose of acquiring a tech company. The deal values the combined companies at $2 billion. AvePoint had raised a total of $290 million from Sixth Street, Goldman Sachs and Summit Partners. (www.avepoint.com) (TechCrunch)

4. Brooklyn’s Minerva Knows, a process sharing platform, has raised $4 million in a seed round financing. Craft Ventures led the round with participation from GGV Capital, alongside previous pre-seed investors Max Ventures, Charge Ventures, Sagehill Capital, Bayes Ventures, New York Venture Partners and CapitalX. The company’s platform empowers users to effortlessly capture and share process knowledge, making screenshots and red arrows obsolete. (www.minervaknows.com) (Press Release)

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5. NYC’s Kustomer, a CRM platform, is being acquired by Facebook. The purchase price is reportedly $1 billion. Kustomer has raised a total of $174 million from investors including Coatue, NYC’s Tiger Global Management, Redpoint, Canaan Partners, Social Leverage, Battery Ventures and Cisco Investments. (www.kustomer.com) (New York Times)

6. NYC’s Loadsmart, a digital platform for freight shippers, has raised $90 million in a Series C funding. BlackRock and Chromo Invest co-led the round and were joined by TFI International, Maersk, Perry Capital and Bramalea Partners. The company’s platform uses AI to analyze hundreds of data sources to automate truckload booking with a goal of maximizing efficiency. (www.loadsmart.com) (TechCrunch)

7. NYC’s Obligo, a platform which enables tenants to rent apartments without a security deposit, has raised $15.5 million in a Series A round. Investors included 83North, 10D, Entrée Capital, and Viola Credit. Obligo’s platform, which was developed in collaboration with Silicon Valley Bank’s New York City FinTech team, is designed to replace the customary residential security deposit with a credit-based model. (www.myobligo.com) (Crowdfund Insider)

8. NYC’s Reposite, a software developer for the travel industry, has raised $2.5 million in a funding round. Liberty City Ventures led the round. The company’s platform provides tour operators and event planners with a central repository of travel vendor information and is working with large organizations such as Madison Square Garden, MoMA, Guggenheim Museum and American Museum of Natural History. (www.reposite.io) (Phocuswire)
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