November 2021 NYS Incubator Report |
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Taking a look back, October was a great month for BIANYS. We successfully wrapped our first virtual International SoftLandings program and we worked with the Queens Chamber of Commerce and the Queens Tech Council to help them with their strategic planning for the innovation ecosystem for the Borough. Expect to see some great things from them over the next year!
In addition, I am happy to announce AWS Startup Lofts as BIANYS' newest member - and Amazon Corporate as a Gold Sponsor of our Annual Programming!
We appreciate Amazon's recognition of the work we do on behalf of our member incubators and are proud to welcome AWS Startup Lofts as a member. We are grateful for their generous support.
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Amazon anticipates its AWS Startup Lofts will be back online soon, providing incubation services to New York City's startup community. |
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NOMINATIONS OPEN FOR BIANYS BOARD |
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The BIANYS Board of Directors is made up of 9 incubator professionals from within our membership. Every year, three of the Board positions are up for election at the Annual Meeting. This year's meeting is scheduled for December 1, 2021-online.
Any member can nominate someone to serve on the Board of Directors or they can nominate themselves.
All nominations for the Board slate are subject to approval by the nominating committee.
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$100K for Hofstra, NYU
Program Supporting
Veterans and Entrepreneurs
Federal investment from the U.S. Economic Development Agency (EDA) will help fund the first year of new five-year program housed at Hofstra University.
U.S. Representative Kathleen Rice (NY-04) has announced that the U.S. Economic Development Agency (EDA) has awarded $101,923 to fund the first year of the Downstate New York University Center program, a new five-year program at Hofstra University operated collaboratively between Hofstra’s Institute of Innovation and Entrepreneurship and the New York University Veterans Future Lab to provide technical assistance to entrepreneurs in the early stages of business development, with a focus on veteran entrepreneurs and entrepreneurs operating in distressed communities.
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YING ZHOU - Executive Director
Tech Incubator of Queens College
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Supported by the New York City Council, the mission of TIQC is to promote economic development and job creation in Queens, NY and beyond, by helping entrepreneurs build tech-enabled companies.
As Executive Director of TIQC, Ying Zhou strives to provide support to clients through training, education, and resources, assisting them in putting their ideas into action.
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Calling all CUNY ASRC Scientists, Faculty, Students/Postdocs, and all entrepreneurially-minded innovators at ALL the CUNY campuses alike! |
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CUNY’s Historic NSF Grant Will Help Fuel Diversity in Innovation
With $50,000 in seed money from the National Science Foundation (NSF) already in place, institutions taking part in the New York Region Innovation Corps (I-Corps™) Hub are gearing up for work that will commence full force in January 2022 when NSF provides the first of five annual $3 million disbursements to City University of New York (CUNY). With this largest-ever award from NSF to CUNY, CUNY will lead a coalition of colleges and universities in a program that provides entrepreneurial training and mentoring to local academic researchers.
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Dr. John A. Blaho, CUNY’s Director for Industrial-Academic Research |
Ariella Trotsenko, Executive Manager at NYC I-Corps Node (NYCRIN) |
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With $50,000 in seed money from the National Science Foundation (NSF) already in place, institutions taking part in the New York Region Innovation Corps (I-Corps™) Hub are gearing up for work that will commence full force in January 2022 when NSF provides the first of five annual $3 million disbursements to City University of New York (CUNY). With this largest-ever award from NSF to CUNY, CUNY will lead a coalition of colleges and universities in a program that provides entrepreneurial training and mentoring to local academic researchers. |
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What is a Stage Gate?
A stage gate is a hurdle that founders going through a startup studio must overcome to continue a project. For example, an entrepreneur can only create a company within a studio if they segment the market, identify customers excited to pay for a solution, test and observe an unfair advantage, and accomplish a hundred other tasks.
Stage gates are referred to frequently in the startup studio world, and the stage-gate is a core process for nearly every studioWhy Do Studios Use Stage Gates?
While the specific stage gates and cost per gate may differ from studio to studio, almost all studios have some form of go/no-go process. And, the order of the stage gates may shift from project to project. For example, if a project starts because a customer approaches the studio intending to solve a problem, it reduces risk faster.
The advantage of having multiple clear and defined stage gates in an iterative process is that the team can be objective about success and failure. If you don't define success, then the team fails to understand the overarching goal.
Each task in a stage-gate may result in a "go" or "no-go scenario for a given project. When a team hits a "no-go," the team can start working on another project. Each stage-gate de-risks the project for everyone involved, resulting in a higher chance of success for those that pass the stage gate, and projects receive increased funding and resources as they pass stage gates. Read more on page 7 of our GSSN white paper.
What's a Real-Life Example of a Stage Gate?
Here is what Builders, a GSSN studio, does for their stage gates.
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JLABS - PROGRAMMING:
Nov 4 | A Glimpse Into the Mind of the Life Science Investor REGISTER
In this program you will hear from individuals whose companies have successfully raised startup capital and investors who provide those funds. You will also hear hand selected, pre-series A JLABS companies pitch to investors.
Dec 7 | Solving the Unsolvable: Could Quantum and Other Non-traditional Computing Hold the Key to Accelerating Drug Development? REGISTER
Join Johnson & Johnson Innovation – JLABS on December 7th to hear a panel of experts discuss their views on the application of quantum computing to drug discovery, potential benefits, risks, trends, and more.
APPLICATIONS & OPPORTUNITIES:
DUE NOV 12 | Health Equity Innovation Challenge APPLY ›
Johnson & Johnson has launched their Health Equity Innovation Challenge to seek and accelerate innovations that have the potential to advance health equity. The Johnson & Johnson Health Equity Innovation Challenge will begin with a focus on Chicago, Detroit, Los Angeles, New Orleans, New York and Philadelphia.
DUE JAN 14 | Immunology Innovations QuickFire Challenge: Precision Medicine in Immune-Mediated Disease APPLY ›
To inspire precision medicine innovations, Johnson & Johnson Innovation LLC, together with Janssen Research & Development LLC, is launching the Immunology Innovations QuickFire Challenge. Innovators with transformative potential solutions to help or aim to advance precision medicine approaches in immune-mediated disease are invited to apply.
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South Summit, Madrid Jun 8 - 10 |
The ultimate showdown between the most disruptive projects in the world. 2021 South Summit Startup Competition is the definitive springboard to achieve sky-rocketing success. |
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Applications open for empowerST energy storage fellowship program
Program supports development of energy storage technologies and startups in NYS.
Space is limited. Energy storage startups and researchers are encouraged to apply.
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Natrion awarded joint proposal for research project with US Navy for energy storage innovation
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Koffman Incubator and Office of Entrepreneurship win SBA award to support inclusive entrepreneurship
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DOE awards member Dimensional Energy $2.7M to progress concentrated solar project
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Agritech member Hectre oversubscribes funding round
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Grow-NY Food & Ag Summit 2021
November 16th - 17th
The Oncenter Convention Center
800 South State St.
Syracuse, NY 13202
Virtual attendance: Free
All-access registration: $45
($25 for students)
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Biden's $1.75T Framework for Build Back Better agenda |
President Joe Biden announced a framework for the Build Back Better Act, a $1.75 trillion plan that he was confident could pass both houses of Congress. |
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Regional Innovation Cluster Award Winners |
Five clusters have been added to the U.S. Small Business Administration’s (SBA) Regional clusters Initiative, according to information available through USASpending. |
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Support for small companies has long been a pillar of federal and state policies meant to drive business formation, job creation, and the resulting spillover economic benefits for regional economies. |
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Small NYS Businesses only can apply to the JumpStart program, a competition for 1-semester long projects.
Application period extended to November 15, 2021 for projects beginning in January 2022.
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