By guest author Irina Patterson and Candice Arnold Irina: At what stage do you usually prefer that businesses apply for incubation? Micah: We like to see them before they’ve closed their Series A round of funding, so anywhere between friends and family [funding] and revenue. Companies can come in with some revenue. But if they’ve closed
By guest author Irina Patterson and Candice Arnold I am talking to Micah Kotch, who serves as director of operations for NYC ACRE at NYU-Poly (the New York City Accelerator for a Clean and Renewable Economy). NYC ACRE is seeded by a four-year, $1.5 million grant from the NYSERDA (New York State Energy Research and Development
By guest authors Irina Patterson and Candice Arnold Terry: How do we reproduce that collaborative environment online in a way that the companies that come through here – almost 1,000 companies came through in the past three months – how do they collaborate without having to come through the facility every day? How do we
By guest authors Irina Patterson and Candice Arnold Terry: If a company is adding value to this ecosystem, we don’t have to charge them cash to be in this space. It’s not formulaic by any stretch of the imagination. It’s a lot more difficult to manage an incubator like this, but it’s a lot more
By guest authors Irina Patterson and Candice Arnold Terry: One of the companies that launched here last week is called Photogram. It is similar to Instagram in the mobile app space, which was very popular. Photogram [which targets new parents] also has been performing just about as well, in terms of getting customers, as Instagram
By guest authors Irina Patterson and Candice Arnold Terry: ITA, the Clean Energy Trust and almost 75 other organizations meet at Tech Nexus every month –roundtables for entrepreneurs, legal discussions and also a huge number of user groups, special interest groups, things like the Amazon Web services group, the Lean Startup group or the Adobe
By guest authors Irina Patterson and Candice Arnold Irina: Can you think of anything else that makes your incubator unique? Terry: One is the community collaboration aspect. The other one is the fact that we are not focused just on a certain type or certain size of company or certain type of entrepreneur. It’s important
By guest authors Irina Patterson and Candice Arnold Irina: Is there an ideal company that would benefit from your incubation? Fred: It’s an ideal mindset. It’s a company that’s open to the idea, it’s collaboration, it’s community. There are benefits of working with not only the people who are here in the space itself, which