Category: New York
Woodrow (Woody) Maggard, Chair, UB Technology Incubator
FOR IMMEDIATE RELEASE Contact: David Hochman
(518) 689-0553 or (212) 448-9586
ALBANY – Two pieces of legislation pertaining to business incubators – one at the federal level and one at the state level – were endorsed by the board of directors of the Business Incubator Association of New York State at its most recent meeting.
The Business Incubator Association of New York State was formed in 2005 by David Hochman and several colleagues from the incubator world to forge a network of communication between incubators in the state. I recently spoke with David about the Association, and its members.
SUNY Farmingdale maintains a 20 acre research park in conjunction with Cold Spring Harbor Laboratory at the Broad Hollow Bioscience Park in Farmingdale, New York. The website for the Bioscience Park bioparkny.org explains that the main facility on the campus holds the anchor tenant OSI Pharmaceuticals and an incubator wing for fostering the development of new biotechnology companies.
The incubator is open to companies with established funding, a solid business plan and technology that is close to market with obvious potential. Tenant companies will remain on the campus until they graduate and should enrich the experience of faculty and students through participation and innovation. The incubator has held a long running student internship program.
The Long Island High-Technology Incubator (LIHTI) is a
62,000 square foot incubator established in 1992 and affiliated with the
Stony Brook University and the
Stony Brook Medical Center. LIHTI's website
www.liht.org describes the application process and some of the successes of the incubation program.
LIHTI has more than 40 office and laboratory suites ranging in size from 500 to 1,000 square feet. Additionally, the incubator is at full tenant occupancy with a 6 to 12 month waiting list. LIHTI is partnered with the Office of Technology Transfer and Industry Relations at Stony Brook University as well as the University's Small Business Development Center, and the Center for Biotechnology among other organizations. The Incubator is managed cooperatively by the Research Foundation of SUNY and the Stony Brook Research Foundation. Admission guidelines include a viable technology no less than 180 days from market, and funding for at least 12 months.
Last month, New York City Mayor Michael Bloomberg and Eli Lilly announced that ImClone is going to be the anchor tenant in the East River Science Park in New York City. ImClone will be bringing 125 scientists into their 90,000 square foot facility in the Alexandria Center for Science and Technology owned by Alexandria Real Estate Equities. When completed the park will house more than 1.1 million square feet of research and development space. The initial phase of construction comprises 310,000 square feet and is scheduled for completion by next year. Read the press release for the event online at http://www.nycedc.com/PressRoom/PressReleases/Pages/MayorBloomberg
AnnounceHeadquartersatEastRiverSciencePark.aspx?utm_source=NYCEDC&utm_medium=eNewsletter&utm_campaign=LillyERSP
University at Buffalo (UB) State University of New York (SUNY) Amherst has operated the UB Technology Incubator in the Baird Research Park in Amherst, New York
since 1988. Soon, the 40,000SF incubator is going to get a 40,000SF addition and another 40,000SF incubator is going to be situated on the 5th floor of the new Global Vascular Institute building where construction began last Monday.
I looked at the UB Technology Incubator website www.stor.buffalo.edu and got into touch with Woodrow "Woody" Maggard Associate Vice Provost, University at Buffalo, Office of Science, Technology Transfer and Economic Outreach and Adjunct Professor, UB School of Management and he told me about UB Technology Incubator and the expansion plans. The incubator's goal is to support young companies through business services and facilities until those businesses are able to sustain themselves and grow on their own. The incubator was created in 1988 and has successfully graduated 74 companies in that time.
The SUNY Stony Brook University Incubator at Calverton facility allows tenants to build out space as needed, labs have saltwater access, hoods, and business support services. The incubator's website http://www.sunysb.edu/research/calverton/index.html says because it is in an Empire Zone, this incubator is ideal for starting a life science company in Long Island, where businesses can take advantage of the various tax incentives available to companies in that location.
SUNY Downstate's Advanced Biotechnology Incubator is a cornerstone of SUNY Downstate Medical Center's new Biotechnology Park and investment to promote the development of biotechnology research in Brooklyn, New York.
50% of the 50,000 sq ft facility is complete and ready for occupancy. The incubator is designed to facilitate the growth of start-ups and early-stage companies. The space is designed to offer tenants modular office/lab space ranging from 400 - 1,200 sq ft. The incubator is equipped with access to HVAC systems, autoclaves, purified water, conference rooms, high speed internet and on-site parking.
NYSTEM along with the Empire State Stem Cell Board (ESSC) work collaboratively to boost activity and awareness of stem cell research within New York State. NYSTEM is a publicly funded program that provides grants to advance the study of Stem Cells.
NYSTEM funds basic, applied, translational and investigational research that will advance the study of stem cells. Funding is applied through Requests for Application (RFA) two of which have recently been issued.
Governor Paterson recently announced the availability of $21.5 million in State funding.
Full press release on the New York State website:
Governor Paterson Announces $21.5 Million For Stem Cell Research
