Over the course of the pandemic, the incubator has seen a 75% growth in clean energy startups, with notable interest from international and out-of-state companies
The Binghamton SBDC within the Koffman Incubator works with the business to create a model of their project, create a plan, figure out the cost and help secure financing along with COVID-related support.
The clean energy, battery-tech startup won $35,000 in funding. Nearly $200,000 was awarded in funding and in-kind prizes to 70 teams to help launch business ventures.
iM3NY’s total funding of $85 million includes a $50 million senior secured term loan from Riverstone Credit Partners and $35 million of equity funding, of which $23.6 million is from investments made by Magnis earlier this year.
KLAW Industries, a startup focused on recycling glass into a product used in concrete manufacturing, has won the grand prizes from two national competitions in two days.
Governor Andrew Cuomo announced $6 million in awards for innovative low carbon and clean energy solutions to help combat climate change.
Nearly $200,000 in seed funding from the SUNY Technology Accelerator Fund (TAF) as went to four projects relating to University research.
A dozen entrepreneurs had three minutes each to explain to a panel of alumni judges why they deserved the $1200 prize.
"Our goal is to have our first line built here and be in production by next year," said iM3NY Chairman and Director Dr. Shailesh Upreti
Entrepreneur Connect club is creating a collaborative space for students in Broome County to share ideas and push themselves in the world of business.
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