What Do You Need to Incubate Business Startups?

(www.backyardincubator.com)

Why?• We need to stimulate manufacturing in the Southern Tier• This will be the only manufacturing focused incubator in the

region!• We need to encourage well-paid skilled jobs that stay in the

area• But growth for small companies is difficult

– Lack of resources and support systems– Lack of right-sized, right-priced space– Access to programs

• Incubator tenants with access to support systems have a higher chance of success than non-incubator tenants

How?Incubator + Accelerator =

• Incubator– A flexible space where companies can grow their

business and then graduate, typically in 3-5 years• Accelerator– Provides resources to help companies grow• Access to State and other programs e.g. Start-Up NY,

Hot Spot• Mentoring, training, access to investors, entrepreneurs

in residence…

How?• Build on existing Ceramic Corridor expertise– Incubators in Corning, NY and Alfred, NY– Biggest demand- manufacturing space

• Build on Southern Tier Start-Up Alliance– Programs, EIRS, existing relationships– Also access to Western NY Innovation Hot Spot

• Build on Hot Spot and STARTUP-NY links– Corning Community College, Alfred State College, Alfred

University • Build on collaboration with Chemung County and STEG

1997 - Ceramics Corridor Innovation Centers -How it All Began

• Alfred Technology Resources Inc. (ATRI) founded to encourage Southern Tier economic development through incubation

• Painted Post (Corning)– 40,000 sq. feet including high bay

• Alfred– 30,000 sq. feet including high bay

• ROI since founding 25 years ago– 2400+ jobs, $90+ in economic activity for

every $ spent by NYS

2015 – No Longer Just The Ceramic Corridor!• Our incubator system is now home to advanced

manufacturing startups• Much more than ceramics• The new name reflects the new reality

04/15/2023

• Flexible manufacturing space—from 1,000 to 10,000 square feet, total 47,000.– High bay space—20‘ to nearly 40’—1,000 to 8,000 sq. ft.– With office space sized to your needs– Lab spaces also available– Shared resources will include cloud conferencing facilities,

loading docks, break room and collaborative spaces– Utilities

• Gas, electric, air, IT

Who?• Companies

– Start-ups beyond the earliest stage who want to expand – coming from:• Universities• Out of state• Early stage incubator graduates needing additional manufacturing

space

– Existing businesses who want to expand without expanding their facilities or committing to long term leases

– Individual entrepreneurs• Tax advantages

– STARTUP-NY and Incubator Hot Spot

Our Partners - Who Make this Possible

• Chemung County IDA • Southern Tier Economic Growth• Chemung County• Empire State Development• NYSEG• NYSERDA• Southern Tier Regional Business Council• Southern Tier Central Regional Planning Board• Appalachian Regional Commission• Town of Big Flats• And many, many local supporters

Plus Western Region Hot Spot led by UB

The Hot Spot Concept

When?• Phase 1 - 2015-2016– Announcement today and “before” tours– Reconstruction to start Summer, 2015• Wiring, A/C, high speed internet, lighting, decoration,

new entry, cloud conferencing center

– Phase 1 completion target August, 2016• Phase 2 - 2016-2017– Makerspace– Further build out to meet client needs

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