December 2022
New York State Incubator Report
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Applications are Open | NYC EDC Venture Access Fellowship Opportunity
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You could win $1 Million in 2023 | Apply to Luminate for your shot!
If you have a startup with a solution that’s enabled by optics, photonics, or imaging (OPI), you should look into Luminate. The accelerator awards $3M in funding annually to companies developing emerging solutions in almost every industry, from anywhere in the world, and participation is primarily virtual.
Apply for a chance to receive comprehensive support, including:
- $100,000 investment at program acceptance, 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 startup.
- Mentoring, lab facilities, and resources that provide the specific business and technical support you need.
Space is limited in this highly competitive program. Applications will be accepted until January 9, 2023. Apply now, or register for a free info session to learn more.
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Applications are Open!
New York I-Corps Hub
Gotham Innovation Gambit
Lean Bootcamp Winter 2023 Course
This Lean Bootcamp Course will teach scientists, inventors and first-time entrepreneurs the Lean Launchpad Methodology – Customer Discovery through 20 interviews, Agile Development roadmapping, and the Business Model Canvas – specifically Value Propositions and Customer Segments.
*Applications will be reviewed on a rolling basis until December 20, 2022
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The NYSERDA Entrepreneur-in-Residence (EIR) program is offering a
five-part Skills Lab series to help clients get the most out of their
Human Resource efforts.
All sessions will start at 12:00 p.m. on the dates listed below.
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12/13 - Session 4: Setting People Strategy Part 2
1/10 - Session 5: Human Resources 201+ Scaling HR activities as your company grows.
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In its 27th year, the NREL Industry Growth Forum (IGF) is the longest-running event of its type. It allows cleantech entrepreneurs, investors, and experts from industry and the public sector to build relationships, showcase innovative technologies, and identify creative business solutions. The 2023 IGF will be held on May 2–3, 2023, at the Hyatt Regency in Denver, CO.
The application period is open!
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Since 2018 Hudson Valley Venture Hub at SUNY New Paltz has worked to recognize Hudson Valley as a vibrant entrepreneurial community that attracts and retains fundable, high-growth ventures to generate jobs and other economic and community benefits.
Upcoming Events:
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January 25, Work for Yourself@50+, 6:00pm – 8:00pm, held at Newburgh Free Library, hosted by Women’s Enterprise Development Center
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Harlem Biospace Establishes New York City Biotech Incubator |
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Harlem Biospace will open its second biotech incubator space in the Mink Building at 1361 Amsterdam Avenue in West Harlem's Factory District in New York City.
The Manhattanville Factory District is a 1.2mm rsf master-planned innovation campus. The facility will help fulfill a need for lab space for biotech companies with growing teams and for those graduating from shared spaces and facilities.
The project was recommended by the New York City Regional Economic Development Council and awarded a $1.5 million grant from Empire State Development.
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U.S. Department of Energy Announces
24 semifinalists for the EPIC Prize Round 2
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The U.S. Department of Energy (DOE) has named the semifinalists in the American-MadeEnergy Program for Innovation Clusters (EPIC) Prize Round 2. Twenty-four incubators and accelerators across the country were each awarded $50,000 in cash prizes for their high-impact ideas that support energy start-ups and entrepreneurs.
The semifinalists were chosen because they demonstrated a commitment to supporting local energy start-ups, often focusing on diverse and underrepresented entrepreneurs. By centering benefits to disadvantaged or underserved communities, accelerators and incubators can drive significant impact for those most affected by climate change.
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Launch NY Receives $100,000 Investment from JPMorgan Chase To Advance “Founders Go Big” Program for Underserved Entrepreneurs
Established in 2020 with a $300,000 grant from JPMC, the Founders Go Big program was designed to expand access to mentorship and equity capital for underserved, underrepresented entrepreneurs. Among the hundreds of startups it supports each year, Launch NY provides enhanced mentorship, customer discovery, and other programming services to 66 Founders Go Big companies, and it and has invested $745,000 in eight of those companies. Currently, Founders Go Big companies have 83 employees and nearly $5.7 million in revenues.
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Opening: Queens Tech Incubator |
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The Queens Chamber of Commerce and the Queens Tech Council anare seeking applications from tech companies who are interested in office space as part of the Queen Tech Incubator. The Queens Tech Incubator will launch with space at the Greater Nexus in Jamaica, a recently opened 10,000 sq. ft. co-working space managed by the Greater Jamaica Development Corporation. There are plans to open incubators in the Rockaways, Forest Hills, Long Island City and Flushing in the coming months.
Applications to the Queens Tech Incubator will be reviewed and selected by members of the Queens Tech Council. Companies chosen will have access to complimentary office space, mentorship opportunities from existing Tech Council members as well as resources provided by the Small Business Resource Network (SBRN).
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Launch NY Marks Ten- Year Anniversary and Hosts Founders & Investors Series
In the wake of the recent devastating event in Buffalo, we are more committed than ever to strengthening our community and carrying on the mission we started 10 years ago. Since 2012, Launch NY has provided mentorship to 1,369 startup founders, of which 42% have been women and/or BIPOC.
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#InvestLocal
in Underrepresented Founders - in Launch's Next Round of Deals
Black and women founders together receive less than 3% of the venture capital deployed in the United States annually, but Launch NY is seeking to buck that trend by featuring its underrepresented founder-led portfolio companies on a special round of featured deals on its Investor Network.
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Archangel Imaging Takes $1 Million Grand Prize in the Genius NY Business Competition
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Archangel Imaging, a British company producing equipment that helps help police and security forces watch over valuable assets and facilities in remote or challenging places walked away with the $1 million grand prize in the Genius NY business competition Thursday night.A five-judge panel chose Archangel Imaging Ltd. for the top prize after the company and four other finalists pitched their business plans.
Though Archangel won the $1 million grand prize, the four runners-up did not leave empty-handed. They will each receive $500,000.
The company plans to use the $1 million prize money to hire workers in Syracuse and start production of the latest version of its devices. The company is already looking for a local manufacturer with which to partner, he said.
All five finalists moved to The Tech Garden, a business accelerator in downtown Syracuse, in August. Under the terms of the contest, they must operate their businesses in Central New York for at least one year.
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National
Science Foundation
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NSF expands the National Innovation Network with five new I-Corps Hubs
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The U.S. National Science Foundation today announced the addition of five new NSF Innovation Corps (I-Corps™) Hubs that will scale the NSF-led National Innovation Network, accelerating the translation of discoveries into new solutions that benefit society. Each I-Corps Hub is funded for up to $3 million per year for five years and comprises a regional alliance of at least eight universities. The first five I-Corps Hubs were awarded in 2021, with each Hub expanding its reach this year by adding a new partner institution to their region.
I-Corps Hubs provide experiential entrepreneurial training to academic researchers across all fields of science and engineering. I-Corps Hubs form the operational backbone of the National Innovation Network — a network of universities, NSF-funded researchers, local and regional entrepreneurial communities and other federal agencies — that help researchers translate fundamental research results to the marketplace. The I-Corps Hubs work collaboratively to build and sustain a diverse and inclusive innovation ecosystem throughout the U.S.
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Governor Hochul Announces $46.5 Million from Long Island Investment Fund to Support Three Transformative Regional Projects |
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Governor Kathy Hochul announced the $350 million Long Island Investment Fund awarded its next three grants totaling $46.5 million: $30 million for Farmingdale State College to build a Center for Computer Science and Information Technology, $10 million for Long Island University to build a College of Science Applied Research and Innovation facility, and $6.5 million for Stony Brook University to construct a new Quantum Internet Test Bed.
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43North Names Five $1 Million Start Up Contest Winners |
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This Year's Winners:
Agape Wellness of Rochester, NY is a wellness company that sparks meaningful conversation with personalized questions.
AMPAworks of Santa Monica, California presented a camera that could take full inventory of pharmacies, medical device companies, surgery centers, clinics, and hospitals by using A.I.
Mod Tech Labs of Austin, Texas helps companies create 3D content at scale.
Otrafy of Chicago, Illinois is an A.I.-powered SaaS supplier management platform, which has the ability to automate compliance and identify risks.
Phood from New York City is a company that integrates universities' card services to connect flex dollar accounts of students to the gig economy.
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Con Edison Virtual Energy Storage Day 2022
Presented in Partnership by: Consolidated Edison of New York and NY-BEST
NY-BEST and Con Edison of New York are teaming up again to present an informative and engaging half-day virtual event on December 8th, 2022 that will focus on opportunities for energy storage in Con Edison territory.
Energy storage installers, vendors, and project developers interested in developing energy storage in Con Edison territory are invited to attend this timely and informative event. Attendees will learn first-hand from Con Edison senior managers about the utility’s network, needs, programs and opportunities for energy storage. The agenda includes:
- Discussion of Con Edison programs of interest to energy storage developers, including:
- Demand Response Programs
- Non-Wires Solutions
- Bulk Storage procurements
- Distribution Connected Storage
- Electric Vehicles – PowerReady
- Updates from NYC on its clean energy initiatives, permitting and codes impacting energy storage;
- Updates from NYSERDA
- Virtual networking and interactive “ask an expert” sessions featuring staff experts from Con Edison, NYC and NYSERDA.
The half-day video-conference event will consist of panel discussions, featured presentations and interactive Networking/Ask an Expert sessions at the end of the day. Click here to review the agenda.
Who Should Attend:
Energy storage project developers, vendors, integrators and installers interested in deploying energy storage in Con Edison’s territory.
COST:
$75 – NY-BEST Members
$150 - Non- Members
(Pre-Registration is required and will close at 12:00pm ET on 12/8. Only registered attendees will receive unique event log-in details)
We look forward to your participation! Please contact us at info@ny-best.org with any questions.
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Founder Roundtable: Fundraising in Uncertain Times
December 15, 2022 | 12PM-1:30PM
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Noa Simons
President & CEO | Upstate Capital
Noa is an entrepreneur, investor and ecosystem builder. She leads the Upstate Capital, an organization that increases access to capital for companies across the state. Noa manages a robust membership network and convenes events on technology, trends and best practices for investors, entrepreneurs and professional advisors. She emphasizes collaboration and inclusion across the ecosystem.
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Jeremy Shure
Co-Head, Tech Banking | Grasshopper Bank
Jeremy is Co-Head of Technology Banking at Grasshopper Bank, where he and the team focus on delivering creative and efficient banking solutions to support the journey of founders and VC/PE firms. Previously, he was the Global Head of Early Stage Practice. Jeremy is a Kauffman Fellow, and his two decades of supporting the innovation economy spans venture capital, banking, and law.
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CNY Biotech Accelerator and Upstate Medical University Presentation:
Startup Funding with Jeff Knox
February 16, 2023 | 3:00 – 4:00 p.m. EST
Jeff Knox, Associate Innospark Ventures
Jeff brings experience from his time in life sciences consulting, where he advised on development and commercialization for a variety of biotechnology and healthcare clients, covering a broad swath of modalities and care areas. He is deeply interested in the translation of technology through entrepreneurship and served as Managing Director of the founding Boston chapter of Nucleate, helping to build, educate, and support new biotech venture teams.
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Applications Now Being Accepted to APEX > No-Cost Incubator Program for Veterans and Military Spouses |
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Veterans Future Lab is an incubator dedicated to ventures led by veterans and military spouses. Its 9-month, no-cost Apex program provides mentorship, support, and resources needed to start and grow high-impact companies.
We accept companies across a wide range of industries. We look for strong product-market fit, a demonstrated commitment to the venture, and the expertise of the founding team as related to the mission. We make sure our team and resources can be of use to the company.
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Latest News About Business Incubators and Accelerators From Across NYS
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