Monroe County is allocating up to $2 million in CARES Act funding to support the JumpstARTS program. This initiative is aimed at providing financial assistance to the arts and cultural sector that has been negatively impacted throughout the COVID-19 pandemic and has often been ineligible for other relief funds. “The COVID-19 pandemic has impacted nearly […]
With a market of $20 million, improvements in Augmented Reality (AR) and Virtual Reality (VR) are essential for making the next generation of eyewear and headsets. The University of Rochester has met this objective by creating glasses that are compact and easy to wear. Most importantly, the new approach combines freeform optics as well as […]
Three workshops are being offered by MedTech Association to highlight important trends in health care. The events are being offered online, on May 13, June 2 and June 17. These sessions are designed to foster collaboration between participants, as well as business development. Leading voices from the industry will be leading these sessions. Cannabis in New […]
Out of 590 applications from 64 countries, 11 companies were chosen to participate in the first cohort offered by Venture for ClimateTech. Funding, tools and training will be provided. The chosen companies will each receive up to $125,000 through the virtual accelerator. Throughout the seven-month program, each company will utilize the support provided and learn about […]
Empire State Development has invested $250,000 in Mosaic Microsystems, a Rochester based microelectronics and photonics packaging company. This investment was provided by New York Ventures, the venture capital arm of Empire State Development. A total of $2.4 million in funding was raised in this round, led by strategic investors Samtec and Corning Inc. The company has […]
Startup companies continue to benefit from NextCorps, as services for entrepreneurs continue to expand. NextCorps has been headquartered at Sibley Square downtown for three years, where it includes a business incubator and offers services including office space, resources and investment opportunities. There are five programs that the group runs to support businesses, including the incubator, […]
The application window for the 2021 Grow-NY business competition is now open and is accepting submissions, Empire State Development officials say. Grow-NY focuses on enhancing the emerging food and agriculture innovation cluster currently present in Central New York, the Finger Lakes and the Southern Tier regions of New York state. The transformative competition attracts high-growth […]
NextCorps, a non-profit that runs multiple incubator and accelerator programs for technology startups and entrepreneurs in the Rochester and Finger Lakes region of New York, has been awarded a grant through the Economic Development Administration’s. Scaling Pandemic Resilience Through Innovation and Technology Challenge. The award will be used to launch and administer a software startup accelerator […]
Council Rock, a graduate company from Rochester Institute of Technology’s Venture Creations business incubator, has received $7 million Series A funding, led by Grand Oaks Capital, the investment firm founded by businessman and philanthropist Thomas Golisano. Motorola Solutions, and other private investors, also participated in the investment round. Council Rock, which was founded in 2010 […]
Medical imaging systems company Carestream plans to grow its film finishing operations at Eastman Business Park. The first phase of the project will add a 16,000 foot facility at the current location. Upgrades to the facility will include new machinery and space, including a new wet lab, new packaging lines and dark rooms. Over the […]