Empire State Development Announces Innovation Hot Spot Awardees
Empire State Development (ESD) announced today that, through Governor Andrew M. Cuomo’s Regional Economic Development Council (REDC) initiative, the first five regions across New York State were awarded funding to launch Innovation Hot Spot programs. A new facet of the REDC initiative in 2013, the Innovation Hot Spots Competition is designed to make New York State a leader in growing new technology based companies by attracting venture capital and industry-sponsored research spending. The Hot Spots will foster innovation by offering start-ups valuable business support services to help commercialize academic research and promote further collaboration between business and academia.