The city of Utica will soon become the home of a new business incubator, modeled after Syracuse's Student Sandbox. Utica's thINCubator project, which stands for The Home of Innovative New Companies, is spearheaded by the Mohawk Valley Community College Foundation and local investors, who are contributing $100,000 to start the program.
An advisory group looking at strategies for rejuvenating New York state's "legacy cities" says collaboration and coordination with the governor's Regional Economic Development Councils are crucial for upstate cities dealing with declining populations and job opportunities.
The Rochester Institute of Technology has launched a venture fund to help boost economic development in the region. Businesses with ties to the university will be eligible for funding through the fund.
Buffalo’s latest business incubator is on the hunt for small tech companies who are long on ideas, but perhaps short on cash, office space and personnel.
Calling itself Buffalo’s first Internet-focused incubator, Z80 Labs launched Monday with a well-orchestrated launch party featuring the region’s tech elite, as well as Forbes CEO Mike Perlis, and prominent venture capitalist Fred Wilson.