If you are a startup or early-stage manufacturer who is not utilizing New York’s business growth and development resources, you could be losing a significant competitive advantage. Across the state, there are 10 Innovation Hot Spots and 20 Certified Business Incubators that offer various forms of support, including the following:
- Access to capital
- Working spaces
- Coaching and mentoring
- Networking
- Assistance with general business activities
- Prototype development
- Tax benefits
Not sure if your company qualifies or wondering which organizations can help you? The experts at FuzeHub can answer these questions and assist you in making connections with the best resources for you.
Highlighted Success Stories
To give you an idea of what kinds of help are available, below we have highlighted some of the recent collaborations of manufacturers with Hot Spots and Incubators across New York. You can also find more examples in FuzeHub’s collection of success stories.
LC Drives
With assistance from the Shipley Center for Innovation at Clarkson University, LC Drives received a $500,000 investment from NYSERDA to help scale its production of ultra-efficient electric motors.
One World Artisans
The thINCubator in Mohawk Valley helped a local group of artisans – from countries including Yemen, Somalia, Syria, Sudan, and Afghanistan – connect with each other and form One World Artisans, LLC. The thINCubator provided marketing, quality control, and business operations to the group in addition to helping them obtain small loans for materials and artisan carts. With all of this help, the collective has been able to sell thousands of dollars’ worth of products and connect better with other members of the city.
Wicked Device
Wicked Device connected with Rev: Ithaca Startup Works, enabling them to develop a prototype for their product, the Air Quality Egg – a reliable and affordable device for measuring air quality. Xanthe Matychak of Rev collaborated with the founders of Wicked Egg to apply for a Small Business Innovation Research (SBIR) grant. The application was a success, and the team won a grant of $225,000 to expand the Egg’s OS to allow it to be used by teachers and students for conducting scientific experiments.
ShrubBucket.com
ShrubBucket.com is an innovative company with an online store that lets users purchase high-quality, full-size plants directly from the wholesaler. The business is working with Rev: Ithaca Startup Works to perfect its business model and scale its operations. Rev is also supporting ShrubBucket as it extends its services to include adding on sales between wholesalers and other landscaping companies.
Re-Nuble
Re-Nuble has developed a process that transforms food waste into a chemical-free, organic fertilizer used in both soil-based and hydroponic farming. With support from Stony Brook University’s Clean Energy Business Incubator Program (CEBIT), Re-Nuble was one of the winners of the 2017 American Entrepreneurship Award.
Lithoz America
The first ceramic additive manufacturing company to establish a presence in the United States, Lithoz specializes in the development of materials and systems for the 3D printing industry. Innovate 518 is helping the business improve its supply chain and logistics model and explore new capital sources.
Sweetcicle
The Entrepreneur Space at Queens Economic Development Center (QEDC) helps startup food entrepreneurs by providing commercial kitchens that can be rented by the shift at an affordable price. The incubator has worked with over 90 clients, including Sweetcicle – a small batch candy maker. The Entrepreneur Space has been instrumental in Sweetcicle’s increased production and sales, and it has helped the confectioner enter new markets, including Made In Queens.