New Entrepreneurship Internship Offered to SUNY Students this Summer

The 12-week program will allow students the opportunity to gain professional experience at a START-UP NY or Innovate 518 company in the Albany area.

ALBANY, N.Y. (Feb. 14, 2018) – The SUNY Program for Experiential and Entrepreneurship Development (SPEED) is offering a summer internship-based program in 2018 that will provide students the opportunity to gain professional experience at a START-UP NY or Innovate 518 company in the Albany, NY-area.

According to Debra Gelinas, assistant vice provost for experiential education at the University at Albany, the internship is ideal for students wishing to explore entrepreneurship or to experience what it is like to work for a startup.

“Internships are a great way for students to apply classroom knowledge in a professional environment, test out possible career paths, develop new skills and network,” said Gelinas, who also serves as the director of the Center for Experiential Education.  

This program is open to students enrolled at any SUNY institution who have a 2.0 GPA or higher. The internship will require a minimum of 150 on-site internship hours over a period of 12 weeks, from late May through mid-August. Non-UAlbany students will have the ability to transfer credits to their home institution.

Both START-UP NY and Innovate 518 are programs administered by the Empire State Development, and are aimed at assisting early- to growth-stage companies with a technology or innovation focus to grow and prosper in New York State, according to Matt Grattan, director of community and economic development at UAlbany.

“UAlbany is excited to pilot this innovative applied learning concept with our industry partners in StartUP NY and Innovate 518,” he said. “By enabling students from UAlbany and throughout the SUNY system to experience the fast paced business development lifecycle of a startup company while learning additional entrepreneurship and leadership skills, we feel we have developed a unique and scalable internship model that leverages the full power of the SUNY system.” 

Grattan said other University partners include the Center for Leadership and Service and the Blackstone LaunchPad, both of which will provide entrepreneurial guidance throughout the program. 

Potential Host Companies:

·         g.tec neurotechology USA Inc.

·         XchangeWorx, Inc.

·         SparkShoppe, LTD.

·         Nowigence Inc.

·         PiSA Biopharm Inc.

·         TruWeather Solutions LLC

·         Branch VFX

·         Treebu

·         Lexikeet Learning, LLC

·         Sologistics, LLC

·         Ecolong

·         National Toxicology Center

·         Thinkboard

·         Lithoz America, LLC

·         ThermoAura, Inc.

*This is a tentative list. Companies are still identifying the types and number of openings to be available. Not all companies may have openings. 

Gelinas said 10 students will be selected for the program’s first summer.

“The companies will have access to a pipeline of the state’s most talented students, helping to develop our regional economy while allowing students the opportunity for hands-on experience at a growing company,” she said. 

The application deadline is Feb. 28. To apply: https://www.albany.edu/experientiallearning/84071.php

Tuition scholarships will be available to qualifying UAlbany students. For more information, contact the Center for Experiential Education at experientiallearning@albany.edu

 The mission of Innovate 518 is to drive commercialization within the New York State Capital Region by leading the development of a supportive innovation infrastructure and connecting entrepreneurs to the startup ecosystem. Innovate 518 is a partnership among the University at Albany, NYSTEC/IgniteU NY, SUNY Adirondack and the Center for Economic Growth, and is designated as a New York State Innovation Hot Spot by NYSTAR.

 

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High School Entrepreneurs Program: Shark Tank without the Sharp Teeth

Innovate 518 welcomed teen inventors and creators from across the region to the UAlbany campus on Saturday, Jan. 27 for a day-long workshop that connected students with local entrepreneurs.

The high school students learned what it takes to frame a business idea and develop a pitch, working in small groups with mentors from across the region.

They’ll be back at UAlbany on the evening of Wednesday, Feb. 28 to pitch their ideas in what student founder Annav Kannan told the Times-Union will be a “snark-free” version of the television program Shark Tank.

Kannan, a senior at Guilderland High School, came up with the idea for the “Startup High School NY” program and recruited GHS business studies teacher, Joan McGrath, and Innovate 518’s entrepreneur in residence, Robert Manasier as co-founders.

All costs were underwritten by Innovate 518 and co-sponsors 4cite, Jahnel Group, Heslin Rothenberg Farley Mesiti, Key Bank, Pioneer Bank, and Troy Web Consulting.




Innovate 518 Receives $1.25M Grant to Continue its Mission

Innovate 518, the Capital Region's innovation hotspot, received a $1.25 million grant on Wednesday through the Capital Region Economic Development Council (CREDC). 

The regional grant will help Innovate 518 continue to drive commercialization within the Capital Region by leading the development of a supportive innovation infrastructure and connecting entrepreneurs to the start-up ecosystem. Innovate 518 does this through a coordinated affiliate partner network of over 20 incubators, accelerators and entrepreneurial service providers.

The funding, provided by the Empire State Development’s Division of Science, Technology and Innovation (NYSTAR), has enabled Innovate 518 to increase its partnerships with two new operational affiliates: SUNY Adirondack and NYSTEC, a nonprofit technology consulting company, according to Matt Grattan, director of community and economic development at UAlbany.

“We are very excited to continue the momentum that the Capital Region entrepreneurial ecosystem is gaining through leadership by Innovate 518's expansive network,” he said. “Along with our partners the Center for Economic Growth, NYSTEC/Ignite U and SUNY Adirondack, we hope to build on that momentum to scale a larger percentage of businesses from throughout the region towards commercialization.”

Grattan said Innovate 518 will seek to focus on research development and technology transfer from a variety of sources in industry clusters, including: advanced manufacturing, health sciences, clean energy, advanced analytics, cybersecurity and agriculture to commercialize and bring innovative ideas to market.

Join our growing network! Find out how here

 

 




The Value of Startup Weekends

Couldn’t make this past weekend’s Start-Up Weekend at Sage? Here’s a bird’s eye view of the value of these opportunities for entrepreneurs from Innovate 518’s EIR, Bob Manasier.

Day 1: Open Pitches

The kick-off to the 54-hour event began with open pitches.

One key takeaway from this session is the need for entrepreneurs to have public speaking experience. A critical skill that should be a part of every entrepreneur’s portfolio, there are classes and improve-style training sessions available locally to help gain confidence talking in front of crowds. Speaking clearly with a smile and good energy covers many mistakes.

At this year’s event, there was a strong focus on hardware coupled with software companies. Food establishments, especially mobile food businesses, continue to be a mainstay, mirroring a mobile franchising rise in the economy.  Additional focus on security and cybersecurity remained another steady trend. Real products being pitched now more than ever!

practice pitch tech test.JPG

Day 2: There’s No “i” in Team

The second day of these weekends are typically the most stressful for participants. The dynamics shift as teams change members, ideas and businesses while trying to agree on a new direction. Great team dynamics are integral here. True leaders display no ego while others get lost in an idea load under the stress of the deadline.

One thing is also clear: Change is difficult. Ideas that have no chance of progress or completion are kept even when 10 coach mentors, opposing teams and your own cohort can't see a way to succeed or to make the idea work in the real world.  Building a culture of no fail and true open dialogue was demonstrated in certain teams of strangers.

The importance of teambuilding is clearly evident, as groups broke bread together and worked through problems in a different setting than the workplace.

Day 3: Collaboration is Key

The key to success is always collaboration and the successful integration of teams. Our region is lucky to have so many universities, colleges, and entrepreneurial resources within our grasp. When we all come together, great results follow.

The weekend showed us how strangers from area schools can come together to create an idea and execute to a presentation in three days. Showing up and getting the job done were seen in some while others succumbed to stress, poor management, bad team dynamics and poor leadership. Execution is the hardest part, but the only way to succeed: bring an idea, focus and a true team together and it can be done especially with all the support that the Capital Region has to offer.

And the Winners are…..

The winners of Startup Weekend 6 are French Toastary, a mobile food business, a collaboration of RPI, Clarkson and Sage students, and runner-up Aspect: Vanguard, a crowdsourced security solution, a collaboration of students from RPI and Sage.

A Startup Weekend “alum” made a special appearance to share his experience. A former 3rd place winner, everyone pushed him to go into banking. He credits Startup Weekend with giving him the courage to follow his dream to be in the airline business and reports that he is now in the Delta Airline Management Program.

Kudos to the judging panel: Kristen Hislop, Lou Cirelli and Jean Dahlgren, as well as the prize packages from Sage's incubator INVEST, InFocus Brands and IgniteU NY.

Whether you need feedback on an idea, a co-founder, a specific skill sets, or a team to help you execute your concept, don’t miss the next opportunity to participate in Startup Weekend. They provide the perfect environment to test your idea and take the first steps towards launching your own startup.

And lean on Innovate 518 who aligns its affiliated partner resources to drive economic development, workforce development, innovation and opportunity.




In Support of Our Veterans

Veterans Day is an important time to thank and remember those who have served our country and helped defend our freedoms. And in honor of Veterans Day, Innovate 518 reaffirms its commitment to support veterans as they engage in entrepreneurial activities and leverage the tangible skills they developed during their military service.

Why do Veterans Bring to the Start-Up Equation?

Innovate518 is designed to commercialize and fund certified companies, while forming executive teams that perform. Veterans are an excellent add to a founder or entrepreneurial team because they bring the project mindset to act -- not just to brainstorm and research.

Veterans also bring balance to the idea stage helping to move the company to commercialization. Normal to start-up stage is an ad hoc approach to business and a veteran’s structured experience bring a system mindset and order to potential chaos. This systems approach is key to scaling and presenting a unified team to funders.  

Nicolas Campbell, president of Stonewall Defense, a leading area startup, recently shared with Open Forum, a web resource for entrepreneurs, his thoughts on what military service teaches business owners. He offered the following insight, “A veteran's greatest skill is an uncanny and nearly unparalleled ability to independently solve complex tasks with little to no guidance. Service members are entrusted with missions of the utmost importance to national security and with the lives of their subordinates. They're given tasks and told to 'make it work.' As such, veterans are accustomed to performing independently at the highest levels while under stress.” Check out the full piece here.

How Can Innovate 518 Help?

Our affiliated partner network offers access to funding sources, facilities, industry expertise and tax incentives and connects veterans with the critical resources needed to successfully launch new businesses in our region.

From incubators and accelerators, to co-working spaces and community and entrepreneurial service providers, Innovate 518 is a rich resource for veterans. One of our affiliate partners, the Michael R. McNulty Center for Entrepreneurial Activity, is a shared space of resources exclusively for veteran entrepreneurs with access to the Arsenal Partnership’s strategic partners and the services they can provide for a growing new business.

While all of Innovate 518’s services are available to veterans, here are a few special upcoming opportunities:

Innovate 518 wishes all veterans happiness, good health and prosperity this 2017 Veterans Day.

 

 




Saratoga County Prosperity Partnership and The Stack Center for Innovation and Entrepreneurship Join Innovate 518

Resources for the Start-Up Community Expand with Addition of New Affiliate Partners

ALBANY, N.Y. (November 9, 2017) – The Saratoga County Prosperity Partnership and The Stack Center for Innovation and Entrepreneurship at Siena College have been named affiliate partners with Innovate 518, the Capital Region’s Innovation Hotspot. Both organizations will work closelywith Innovate 518 and nearly two-dozen regional partners to fulfill a mission of driving commercialization within the Capital Region.

“Innovate 518 works collaboratively to create robust workforce development and sustainable revenue for the regional economy,” said Matt Grattan, director of community and economic development, University at Albany. “The addition of Saratoga Partnership and The Stack Center at Siena College helps us expand our mission of fostering a supportive innovation infrastructure that connects entrepreneurs to the start-up ecosystem.”

The Saratoga County Prosperity Partnership is the County’s designated economic development organization, designed to lead the public and private sectors in achieving economic success for its businesses and residents. As the first point of contact for business retention, expansion, and attraction, the Saratoga Partnership provides a seamless delivery of economic development and workforce development assistance for businesses seeking to expand.

“The mission of the Saratoga County Prosperity Partnership is to secure sustainable jobs and capital investment by attracting new business to Saratoga County and retaining existing businesses by assisting them to grow,” said Marty Vanags, president, SCPP. “We look forward to leveraging our expertise, events and services to help Innovate 518 support our burgeoning start-up environment in this region.”

The Saratoga Partnership hosts a variety of programs beneficial to entrepreneurs and startups seeking to expand in the County, including a business retention and expansion program, a small business workshop series, mentoring opportunities and workforce trainings. They also have a number of new programs and alliances in the pipeline for launch in the New Year.

“The Saratoga County Prosperity Partnership is laser-focused on building a vibrant economy in Saratoga County, working aggressively to attract sustainable jobs and capital investment, and providing resources to help existing businesses grow and prosper,” said Marty Vanags, president of the Saratoga Partnership. “We look forward to lending our expertise and services in supporting Innovate 518’s effort to strengthen the burgeoning start-up environment in this region.”

The Stack Center for Innovation and Entrepreneurship at Siena College engages students through high-impact learning practices designed to develop critical thinking, innovation and entrepreneurial skills. Their “Innovate-Create-Accelerate” process allows students to apply these skills to develop and implement successful business ventures.

Each year the Center hosts two Spark Tank competitions and the Stocchetti Summer Accelerator Program providing students opportunities to build their ideas and present them to panel of successful business leaders. Advisors also help student teams prepare for national competitions such as the New York State Business Plan Competition, Entrepreneurial Roundtable Accelerator and the Y Combinator.

The Center also seeks to highlight entrepreneurial-minded alumni who have successfully launched their own businesses to inspire the Center's current students. The Maddalone Entrepreneurship Wall of Success features the various logos of companies launched by Siena alumni in fields ranging from technology to traditional services and physical products. The Center also hosts an Entrepreneur of the Year program which recognizes Siena alumni that have gone on to become successful entrepreneurs.

"A partnership among The Stack Center, Innovate 518 and the Saratoga County Partnership is a right fit for encouraging entrepreneurship and promoting economic development in the Capital Region and beyond,” said Chuck Seifert, dean, Siena School of Business. “Siena's faculty, students and alumni are eager to commit their ideas and their drive to this network, to support business growth and job creation." 

Visit our partners page to learn more about the Saratoga County Prosperity Partnership  and the Stack Center for Innovation and Entrepreneurship at Siena College.

 About Innovate 518

Innovate 518 is a collaborative effort of incubators, accelerators, and entrepreneurial service providers from New York’s Capital Region including Albany, Columbia, Greene, Rensselaer, Saratoga, Schenectady, Warren and Washington counties. It is designed to turn New York’s Capital Region into a hotbed of entrepreneurial activity by providing best practices, networking and mentoring, as well as educational and financial resources to start-up companies. Designated at the Capital Region Innovation Hot Spot and managed by the University at Albany, Innovate 518 is a NYSTAR-initiative enabling funding and a unique set of tax incentives for companies in their earliest stages.

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