Home > Economic Development > Business Development > Entrepreneurial Assistance

Entrepreneurial Assistance

SUPPORTING ENTREPRENEURSHIP & INNOVATION
CenterState CEO supports emerging and early stage businesses through assistance with: accelerating technology commercialization, increasing the availability of seed funding and investment capital, and advocating for policies, programs and resources that support rapid growth of companies in strategic sectors tied to key regional assets. Our unique programs tap into the region's rich entrepreneurial talent, connect innovators with financial resources and facilitate collaborative university-industry partnerships. They include:

Startup Labs Syracuse:
Startup Labs Syracuse is a three week program providing seed capital, mentorship and technical support to teams in an effort to help validate their team and business model to later stage investors. Syracuse is the first US city to host Startup Labs’ intense 22-day program. Only five other cities have hosted the program worldwide including: Istanbul Turkey; Taipei, Taiwan; Mexico City, Mexico; Rio de Janeiro, Brazil; New Delhi, India. The goal of the new competition is to support the region’s entrepreneurs and accelerate their ideas to the marketplace.

Startup Labs is partnering with CenterState CEO and Excell Partners to bring its competitive program to Syracuse. Each partner invests an initial $50,000 to start the program. An additional $200,000 of support is provided by the competition’s lead sponsor, National Grid and ten private sponsors including: M&T Bank; Eric Mower and Associates; Bristol-Myers Squibb; Bousquet Holstein; Fust, Charles and Chambers; Hancock Estabrook; Harris Beach; Pathfinder Bank; Professionals Inc.; and Seneca Data

Grants for Growth:
The Grants for Growth is a unique seed program that offers up to $75,000 in matching funds for innovative applied research projects between universities and industry that have the potential to improve business competitiveness and create jobs. Over the past 4 years 31 companies leveraged $3,462,024 matching dollars to create 54 new jobs.

The Tech Garden:
Since it was launched in 2005, The Tech Garden has assisted more than 400 entrepreneurs and its state-of-the-art incubator is now home to 30 early-stage ventures that have drawn investment capital and top talent from across New York State, as well as from Ireland, Israel, Switzerland and the United Kingdom. Tech Garden incubation companies currently employ more than 100 people, with a payroll of more than $4.5 million.  Resources at The Tech Garden include:

  • Customized support services to help develop business acceleration roadmaps
  • Connections with experienced mentors and entrepreneurs-in-residence
  • Access to angel and venture capital investors
  • Networking events and extensive partnership networks

The Clean Tech Center:
This NYSERDA-funded clean energy incubator at The Tech Garden provides an integrated infrastructure for the acceleration of companies in emerging green and clean technology fields. Cutting-edge start-ups receive intensive mentoring to advance products and technologies such as next generation solar cells, wind turbines, biofuels, advanced energy storage and smart grid technologies. The center is supported by a network of collaborators that include academic and industry leaders, angel and venture investors, financial institutions, service providers, utilities, industry associations, and government agencies. The Clean Tech Center was recently recognized as one of the top ten clean tech cluster organizations in the world and received the 2010 North American Sustainable Enterprise Award.

Syracuse Student Sandbox:
The Syracuse Student “Sandbox” at the Syracuse Technology Garden is a place for student entrepreneurs to gather and launch their new business ideas under the supervision of other entrepreneurs and members of the local business/angel investment community. The Sandbox’s objective is to accelerate product/service development and facilitate deployment. Data gathered from this “testbed” will be used to refine the product/service and/or business model prior to creating a detailed business plan and seeking growth capital from angel, venture, or more traditional financial sources. There are currently 15 student-led business start-ups at the Tech Garden.

Space Alliance Technology Outreach Program(SATOP):
When a small business is faced with a technical challenge, the Space Alliance Technology Outreach Program (SATOP) wants to assist. SATOP-NY provides up to 40 hours of free technical assistance for qualified requests, using the vast engineering expertise of NASA. The program is intended to help solve technical challenges that cannot be resolved by a company's internal resources or by commercially available services.

Syracuse Center of Excellence
The Syracuse Center of Excellence (SyracuseCoE) SyracuseCoE is a federation of firms, organizations, and institutions that creates innovations to improve health, productivity, security, and sustainability in built and urban environments.

Activities within SyracuseCoE include research, product development, commercialization assistance, and education programs. The scope of application interests include systems that monitor and control thermal comfort, air quality, lighting, sound, and water quality in built and urban environments and innovative energy systems, including clean technologies and renewable fuel sources.

CenterState CEO partners with SyracuseCoE to:

  • Attract new businesses and launch technology applications.
  • Identify new funding opportunities for companies in the region, and direct investment to businesses in the sector.
  • Create partnerships between new businesses and established industry leaders in these sectors.
  • Open doors for companies to solve business challenges and find new market opportunities by connecting them with top researchers.

For more information about SyracuseCoe, click here.