October 2020 NYS Incubator Report |
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BIANYS WELCOMES 4 NEW MEMBERS!!!
Please help us welcome our newest members.
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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: https://www.bianys.com/join/
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INDIE BIO Joined BIANYS this past month
The accelerator was started in San Francisco and has built a reputable track record of accelerating biotech companies. They invest $250K into each company accepted into its cohorts and have additional funding for follow on investment.
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AT VENTURE CENTER joins BIANYS
The ability to accelerate unique products and partnerships is proven by the track record of the AT Venture team. Leading a group of research, commercialization, brand, and marketing experts, founder Michael Crowley has personally launched, and successfully commercialized 14 advanced technology businesses.
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I-Lab - The Bronx Tech Incubator at Lehman College Joins BIANYS
The Bronx Business Tech Incubator is supported by the New York City Council and New York City Economic Development Corporation as a startup incubator for tech freelancers, local small business, and entrepreneurs.
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The Catalyst- Incubator launched by Westchester County Economic Development joins BIANYS
Westchester County has launched a new program to jumpstart 1000 new businesses using an online, ‘safe from home’ technology training platform. Launch 1000 will help 1000 businesses starting mid November and anyone in the County can apply. Part of the program is to create linkages between the participants and other organizations with in the county, help them launch successfully by meeting relevant experts in our community.
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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:
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BIANYS held a webinar on grant opportunities from New York State for startups to increase global sales- over 100 registered and participated |
Thank you to New York State ESD and the staff: Ed Kowaleski, Lauren Merkel, Brian Tuebner, Colby Creedon, and Jennifer Teagan for presenting to our members and network on International Opportunities for New York Start Ups. New York State has aggressive grant programming to help New York State startups increase their international sales and presence.
In case you missed the webinar, below is a link to the video.
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Important reading for incubator managers- as we advocate against budget cuts to economic development programs in innovation, this paper from NBER and researchers at Harvard and Kellogg help detail why now is the time to invest in innovation not to cut it.
A Calculation on the Social Returns of Innovation: White Paper
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US economist and former chief economic advisor to Pres. Obama, Dr; Lawrence Summers. You might use its conclusions:
Overall, we find that the average social returns to innovation investments appear very large….Even under very conservative assumptions, it is difficult to find an average return below $4 per $1 spent. Accounting for health benefits, inflation bias, or international spillovers can bring the social returns to over $20 per $1 spent, with internal rates of return approaching 100%.
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UB ventures into funding, invests $250,000 in student-founded startup
The first-ever venture capital fund administered by the University at Buffalo has made its inaugural investment: $250,000 to Buffalo Automation, an artificial intelligence (AI) startup founded by former UB students and primarily focused on autonomous marine navigation. UB’s investment will be matched by Varia for a total investment of $500,000.
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In a Battered New York Office Market, Life Science Is Flourishing
With state and city government support, developers are building laboratories for medical research and incubator spaces for biotech start-ups amid the race for a coronavirus vaccine
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Launch NY Closes LP Fund Exceeding its $5 Million Target
Launch NY closed its first for profit fund, Launch NY Seed Fund I, LP (the LP Fund) at over $5.4 million at the end of Q3, through the participation of more than 70 individuals and organizations as limited partners (LPs).
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Q3 NYC seed deals skyrocket amid the pandemic
Last year in Q3 we reached an all-time seed activity high in NYC. This year, while deals are down 13% and total funding is down 21% YoY, the numbers are still at the highest they’ve been since that record-breaking Q3 2019 quarter.
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76West is an unparalleled competition focused on growing entrepreneurs and attracting resources from the U.S. and around the world to build clean energy businesses and jobs in New York State’s Southern Tier region. Administered by NYSERDA, the 76West Competition was launched in 2016 as a $20 million four-year initiative to grow the clean energy ecosystem in the Southern Tier with funds from the Regional Greenhouse Gas Initiative and the Clean Energy Fund.
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Goldman Sachs announced the application for its next cohort for its 10,000 small businesses program
The program provides business education, support services and access pathways to capital for growth-oriented entrepreneurs. Participants gain practical skills to take their business to the next level, with topics like financial statements, negotiations, and marketing.
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Upstate Venture Connect Unleashed 2020
November 12, 2020
Featured Speakers: Brad Feld, Alicia Dicks, Martin Babinec, Adam Maher, Jeff Mize, Rodney Sampson, Jeremy and John Zogby
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2020 Concept to Commercialization Virtual Program Sessions
BIANYS has teamed up with members- CNYBAC and the Innovation Law Center along with
CenterState CEO;
MedTech NY;TDO;
The Research Foundation for SUNY
Register in advance for this series:
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Interested in becoming more involved with BIANYS?
Join one of our committees!
- Programming
- Legislative
- Membership Finance
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IndieBio is recruiting its next cohort.
Accepted companies get:
- $250,000
- Free Lab Space
- Elite Mentors and Investors
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NECEC's Navigate is hosting the Investor Corporate Customer Connect event (ICCC), virtually.
We're excited to introduce you to potential investors, corporates and customers.
NOVEMBER 17th is the event
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