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Cornell AgriTech to receive state funding, resources as newly-certified NYSTAR Business Incubator

Cornell AgriTech in Geneva is one of three new state-certified Business Incubators, according to Empire State Development’s announcement last week.

Each of the newly certified businesses will have a different primary area of focus, according to ESD’s June 9 news release. For Cornell AgriTech, that focus is cultivating new agricultural companies and technologies.

Empire State Development’s newly-certified Business Incubators

The Business Incubator certification is administered by NYSTAR, the state’s Business Incubator & Innovation Hot Spot Support Program The program provides grants to designated centers over a period of five years.

The three newly-designated centers will receive state funding as well as administrative support and assistance.

Cornell Agriculture and Food Techn0logy Park will partner with the Center of Excellence for Food and Agriculture at Cornell AgriTech to “better coordinate, market and deliver its services and provide access to facilities to support companies and new technologies” in the industry, according to the release.

The other newly-certified centers are Communitas America and Mount Sinai Innovation Partners, both based in New York City.

Mushroom company first to set up lab at Cornell AgriTech’s new coworking space

Statement from ESD’s President, CEO and Commissioner Hope Knight

From the beginning of an idea to the marketplace, New York supports startup innovation and inclusion through its NYSTAR network,” said ESD President, CEO and Commissioner Hope Knight.

“As NYSTAR’s newest business incubators, Communitas America, the Cornell Agriculture and Food Technology Park and Mount Sinai Innovation Partners will foster the diversity and growth of BIPOC entrepreneurs, agribusiness and medical technology startups, and add to the robust resources available to support their success.”

ESD also announced the re-designation of five Innovation Hot Spots and six Business Incubators last week.

You can view the full list of newly-designated Business Incubators, as well as redesignated Innovation Hot Spots and Business Incubators, here.

Parrott Hall renovation work on Cornell AgriTtech campus is underway