The East Campus Biotech Business Incubator

University At Albany East Campus A202D

Rensselaer, NY 12144

518-525-2779

http://www.albany.edu/eastcampus/index_bus_incu.html

Abstract Description

Management

Keywords

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network/, Consulting and Advisory/, Incubator

Description

The CFG is a University-based fee-for-service laboratory services provider with hundreds of clients from around the world from major research institutions, government agencies, scientific organizations, and commercial companies. The CFG offers incubator tenants state-of-the-art equipment and expert staff members who provide research services - such as mass spectrometry, gene expression analysis, transgenic mouse creation, cell sorting, and DNA sequencing, etc. As part of a University system, its stated mission is to support the growth of the bioscience sector by offering all the expertise and technologies a bioscience researcher needs to perform biotechnological research or analysis. The CFG's extensive laboratory services are a solution to the logistical and resource allocation problems start-up companies face whenever they're in need of doing a project on time and with a high degree of quality. The CFG ensures that bioscience research can get done affordably, quickly, and with the expertise needed to produce reproducible, accurate results.

Program/Products/Services

The East Campus' high-tech business incubator occupies one of the four wings of the main 384,000 square foot research building. Current tenants include bioscience, chemical, and nanotech companies. The main attractions of the incubator include its proximity to the resources on the East Campus , and in particular, the staff and equipment at the Center for Functional Genomics (CFG), which give tenants fee-for-service access to essential research services. The incubator also offers updated laboratory space, office space, conference facilities, and support services including reception and access to standard office equipment such as photocopiers and fax machines.There is also a monthly mentoring workshop for bioscience entrepreneurs and inventors. Utilities are included in each tenant's rent. Rental rates vary based on location within the building and amenities but all rates are extremely competitive. All tenants have access to the University at Albany's Small Business Development Center --the premier business assistance organization in New York State. The SBDC is a joint venture with the University at Albany, the Small Business Administration and the State of New York located at the University's Harriman campus. The SBDC provides free expert assistance with business plan development and related business management needs. Full-time professional SBDC business advisers, with the knowledge and experience to provide entrepreneurs with expert counseling and training, staff each SBDC regional center. These advisers undergo rigorous professional certification to keep their business knowledge up-to-the-minute and their counseling skills sharp.There is a focus group composed of scientists from the Center who are available to review and provide feedback on new product ideas. This allows our incubator tenants to obtain important customer feedback as they refine their business plans. Through the University, the CFG also offers access to experienced technology transfer experts who can advise on appropriate IP strategies for commercializing a given technology.As a founding member of the Tech Valley Incubator Network, the East Campus Incubator cooperates with other area incubators to provide entrepreneurs with comprehensive legal, business, technical, training and business-related support services.

Customers/Clients

MindGenix is a specialized neurosciences preclinical contract research service company. Regeneron is a biopharmaceutical company that discovers, develops, and commercializes medicines for the treatment of serious medical conditions. Taconic experts are available to review needs, discuss desired outcomes, and recommend the products and services that will enable clients to conduct the most efficient and reliable in vivo study.

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