The Best Incubators in New York State

New York state has thousands of startup accelerators and incubators that are located in NYC, but also throughout the state, offering resources for growth, coaching and networking to young entrepreneurs. In addition to building soft skills, New York City incubators provide information about funding capital resources, mentorship and physical locations to set up an office.

The most popular areas for investment in New York are digital tech, electronics and software, clean and renewable energy, medical and bio-research technologies. New York City is in the buzz of design and creative industries, so many incubators provide opportunities for designers, artists and other creative professions.

The New York State government provides tax incentives and support programs for mobilizing the local workforce and funding to 10 certified business incubators and 20 certified innovation hot spots. These are some of the most attractive New York state incubators.

Thincubator, Utica

Thincubator is a coworking space and that runs several incubator program, such as the Instagram abundance program, the Refinery, an 8-week program for entrepreneurs with beta products, Mesh - public networking events for makers, entrepreneurs, students, and hackers, as well as stakeholder workshops. The incubator hosts regional events and offers a coworking space for rental, based on a full-time ($150 per month) and part-time ($100 per month) membership. Amenities include:

• Optic internet
• Printer, 3D printer, scanner and copier services
• Common areas, semi-private space and 3 conference rooms
• Hot desks
• 3 Conference Rooms
• Private social network
• Free mentor office hours - programs
• Shared workstations (Mac/PC)
• Mailboxes, lockers, free coffee

TheTechGarden, Syracuse

Located in Central New York, the Tech Garden provided funding programs, accelerator programs and non-funding programs to its members.

Funding programs include:

• Ignition grants for the ideation stage - $10,000
• Grants of Growth - $25,000 or $150,000 grants, depending on the product maturity
• TC Growth fund provides critical pre-seed funding

Accelerator programs are:

• Genius NY - $2.75 million competition for funding unmanned systems for 6 finalists
• The Clean Tech Center - 2 year accelerator for clean tech companies with funds up to $15,000 distributed on the basis of milestone completion.

Non-funding programs are:

• CNY Innovation Hot Spot - a stepping stone to the Startup NY program
• Student Sandbox - mentorship and coaching for students

Resources include support from the NY state business administration authorities, universities and consulting non-profit organizations.

The work space is located on an area of over 51,000 sq ft which is ideal for solo entrepreneurs or small teams and offers larges offices and spaces as the company grows.

Amenities include 2 conference rooms, a 60-seat theater, video conference facilities, a common area including kitchen and dining space, high speed LAN with WiFI coverage, and an art gallery.

Costs are from $8 to $14 per square ft.

Innovate518, Albany

The main innovation hub for New York's Capital Region, including Albany, Columbia, Greene, Rensselaer, Saratoga, Schenectady, Warren, and Washington counties, the incubator is a NYSTAR initiative managed by the University of Albany providing funding and tax incentives for early-stage companies.

Facilities include onsite spaces, shared services - libraries, reception, high-speed Internet, copy machines.

Resources for startups include:

1. Startup development phases - where are you?
2. Mentorship in legal, business planning, administration, financial planning, commercialization areas.
3. Pitch preps.
4. Legal resources - intellectual property and copyright.
5. Funding - angel investing, Albany SMB development center, chamber of commerce help.
6. Student ventures - collaborative effort between all NY Central Region universities.

BKAccelerator, NYC

Supported by the Pratt Insitute, this is a fashion and design accelerator that hosts events and workshops, provides academic, consulting and practical production resources for designers on the basis of three types of affiliation:

• Venture fellows - applications are accepted on a rolling basis and include a mentorship program with a one-on-one advice on finance, brand, sales, marketing, and sustainable strategies, as well as sharing events and a light-filled studio.
• Members - for a fee of $75 a year, the program includes discounts on events, a Sustainable Fashion Roadmap (SFR), an online resource sustainable strategies into your own work, and community programs to connect with entrepreneurs and makers at social events
• Community - set up your own studio enjoying other benefits of the incubator. Fees are from $600 to -$2,400 a month, full member benefits, 24/7 access and mail delivery and pick-up service.

Long Island High Tech Incubator, (LIHTI) Stony Brook

The application program is supported and managed by the Stony Brook University, and accepts applications by all new startups and high-tech businesses. The application process includes the following steps:

1. Meeting with the incubator’s Executive Director.
2. Formal online application
3. Presentation and approval by the Incubator Selection and Review Committee

Applicants need to address the following admission questions:

• Description of business, market need and product or service.
• Achieved milestones.
• Demonstrate capabilities and field expertise
• Include a market assessment, proof of financial stability and a ballpark $ of past year income
• Description of your team
• Explanation of why applicant needs to use the incubator

Facility features include:

• 60 suites, 62,000/sf total space; majority with windows
• Wet labs equipped with sinks, fume hoods, gas and air
• State-of-the-art conference center and meeting room
• High-speed internet Proxy card access 24/7
• Parking lot, shared kitchen and a courtyard

NYC Regional Innovation Node

Address:
City University of New York
555 West 57th Street, Suite 1407 New York, New York

Email: nycrin@gmail.com

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If you are an entrepreneur, you must submit an email and explain your eligibility to join one of the programs Regional, as well as meet the following criteria for the Regional I-Corps program in terms of team and technology:

• New, differentiating, STEM related, preferably medical or engineering.
• Must be disclosed to the Tech Transfer Office (TTO)
• Team preferably affiliated with a university within the NYCRIN area.
• Team includes at least one EL, an IM, and the TL
• At the proof-of-concept stage.

Rev Ithaca, Ithaca

Address:
314 East State Street Ithaca, NY 14850

Phone: (607) 882-2400

Email: info@revithaca.com

Requirements:

• Must be a legal entity, profit or nonprofit.
• Must have reasonable employment growth potential.
• The industry is irrelevant.

BioInc, Valhalla

Address:
New York Medical College
7 Dana Road Valhalla, NY 10595

Phone: 914 -594 -1999

Facebook Page

Contact form

Requirements:

Interested applicants need to complete an online application with company information, include the commercial potential of their technology, and description of milestones. The next step is review of the application by a selection committee, which is followed by a presentation to an incubator panel of board members and industry experts.

Griffiss Institute, Rome

Address:
725 Daedalian Dr.Rome, NY 13441

Phone: 315-838-1696

Fax: 315-838-1699

Facebook Page

Email:
John Liddy, Business Incubator Director
incubator@griffissinstitute.org

The Griffiss Institute supports small businesses in central New York, providing specific collaboration in areas like cyber research and STEM, including the following services:

• One-on-one coaching
• Business training, education and seminars
• Government contracting assistance
• Support for service disabled veteran-owned businesses
• Professional certification courses
• High- speed network access
• Space and facilities