Incubator to host business support program with UB and County IDA
The University at Buffalo Office of Economic Engagement, the Chautauqua County Industrial Development Agency (CCIDA) and the SUNY Fredonia Technology Incubator will hold an event to highlight the business and scientific expertise available to businesses in Chautauqua County.
Chamber joins SellingHive to help members increase sales
The Chautauqua County Chamber of Commerce announces it has partnered SellingHive Corporation, an internet company based in the SUNY Fredonia Technology Incubator. By joining SellingHive’s Affiliate Program, the Chamber will help its members generate new revenue using the SellingHive service when the site launches next quarter, while giving SellingHive the benefit of working closely with Chautauqua County businesses.
Incubator investing in talents of student interns
An internship at the SUNY Fredonia Technology Incubator provides a level of student excitement that is difficult to match. After all, these are budding entrepreneurs — visionaries advancing ideas for new products or services — who are literally mortgaging their futures for the opportunity to launch their own cutting-edge businesses. More than 40 students have already seized the opportunity to join them at this innovative facility located just minutes from campus and home to 11 firms only one year after its doors officially opened
Chamber mixes it up at Incubator
The SUNY Fredonia Technology Incubator in Dunkirk hosted a Chautauqua County Chamber of Commerce mixer event Thursday evening to introduce Chamber members to three of the most advanced start-up companies, in terms of development, inside the incubator. The three companies that made brief presentations before the audience of around 50 individuals were: Textivia, Dunkirk Bio-Electric and SellingHive.
New Incubator tenant SellingHive creating quite a buzz
SellingHive Corp. — one of 11 tenants now in the downtown Dunkirk economic development engine less than a year after it officially opened its doors — is creating a social networking site that provides custom-designed toolsets for businesses to increase sales of their products and services. Several students began serving internships during the fall semester, and many more will be added in the coming spring term.
M&T Bank makes $75,000 gift to Incubator
M&T Bank has stepped forward with the largest corporate gift to date in support of the SUNY Fredonia Technology Incubator. The $75,000 pledge is in response to the $300,000 "challenge grant" the incubator received from Buffalo's Oishei Foundation.
Incubator leaders to speak to students and professionals seeking jobs, internships and entrepreneurial guidance
The owners of two tenant companies of the SUNY Fredonia Technology Incubator, together with Incubator Director Robert Fritzinger, will speak on Thursday, Dec. 2 at 4 p.m. in Room S121 of the Williams Center. Their discussion will be about internships and potential full-time opportunities at the incubator for all majors including Business, Communication, Computer Science and Visual Arts/New Media.
CDO and Tech Incubator invite students to Job and Internship Expo Sept. 30
Students and alumni will have the opportunity to speak directly to employers that have internships and/or full-time positions available in technology, business, human services and government, among other areas. The job fair on Thursday, Sept. 30 at 3 p.m. in the Williams Center is co-sponsored by the Career Development Office and the SUNY Fredonia Technology Incubator.
Technology Incubator adds new energy tenant, Apex Offshore Wind
Apex Offshore Wind, LLC (Apex Offshore), a national developer of wind energy facilities that delivers clean, renewable energy, has selected the incubator to house a new regional office as it expands its business from its Charlottesville, Va. headquarters. The incubator’s proximity to the wind-friendly Lake Erie shoreline gives the company a strategic advantage as it expands both its development and production initiatives.
Wednesday May 16th, 2012
Get the Support you need to be Successful.
Business incubation is a business support process that accelerates the successful development of start-up and fledgling companies by providing entrepreneurs with an array of targeted resources and services. These services are usually developed or orchestrated by incubator management and offered both in the business incubator and through its network of contacts. A business incubator's main goal is to produce successful firms that will leave the program financially viable and freestanding. These incubator graduates have the potential to create jobs, revitalize neighborhoods, commercialize new technologies, and strengthen local and national economies. SUNY Fredonia's Technology Incubator leverages the strengths of New York's State University system and the businesses and communities of Western New York to provide you with the support to launch and build your business.

The SUNY Fredonia Technology Incubation Program will help with flexible rental terms for office space, administrative support services, business center, and assistance in the form of coaching, counseling, mentoring and networking.
Walk through the process
Assessment
  • Informal mentoring.
  • Formal coaching, scheduled program.
  • Application for occupancy.

Orientation
  • Incubator Orientation
  • Business Development Orientation

Planning & Growth
  • Strategic Work Sessions
    • Company Growth Strategy
      • Elevator Speech
      • Value proposition
      • Revenue projections
    • Market Growth Strategy
      • Target customer
      • Market segmentation, penetration
      • Sustainable competitive advantage
    • Investment/ Funding Strategy
      • Equity funding
      • Other funding (lending options, grant funding)
      • Documentation requirements
  • Participation in Scheduled Tactical Meetings

Maturation (Month 6-18)
  • Prepare and Present Initial Business Plan
  • Prepare and Present Final Business Plan
  • Revisit Strategic Plan
  • Begin implementation of Marketing and Sales Strategies

Graduation (Month 18-36)
The following criteria will be used in determining when an Incubator client is ready to move out of the Incubator. No single criterion is used to make the decision. Rather, the criteria are used as guidelines to evaluate the success of the client’s business:
  • The tenant has reached a staff level of 25 or more employees
  • The gross annual income exceeds $2 million
  • The company’s space needs exceed the space available
  • The client’s company is acquired by a larger corporation
  • The client’s company makes a successful public stock offering