Green Innovations

Developing renewable and clean technology companies in New York

Wednesday, December 2, 2009

Technology incubation features prominently in the report of the NYS Small Business Task Force

From the Business Incubator Association of New York State:

"Development or enhancement of 7-10 technology incubators throughout the State" is one of the recommendations of the Final Report of the state's Small Business Task Force. The report was commissioned by Gov. Paterson and was received by him on Dec. 1st. The report emphasizes our own view that to be fully effective, business incubators must provide connections to sources of seed-stage capital, management coaching and talent development, and technical and marketing assistance. To achieve these goals, the Task Force projects a cost of $500,000 to $1 million per incubator per year, but also potential gains of up to 10,000 jobs over 5 to 7 years. The report recommends no new budgetary appropriations, but rather reallocation of existing resources, including federal funding where feasible.

"Available for download here, the report was based on the work of more than 60 stakeholders around the state, including three task force members who play important roles in our member incubators:

  • Linda Dickerson Hartsock, who directs the NYSERDA-supported Center for Cleantech Entrepreneurship at our supporting member the Syracuse Technology Garden;
  • James Senall, who directs our member the Lennox Tech Enterprise Center of High Tech Rochester (HTR also manages our member the Rochester BioVenture Center for the University of Rochester)
  • F. Michael Tucker, the president of the Capital Region's Center for Economic Growth, whose Watervliet Innovation Center homeland-security incubator is a member"