Governor of New York Andrew M. Cuomo www.governor.ny.gov recently announced that 18 new businesses will join START-UP NY www.startup.ny.gov to relocate or expand attracted by innovative tax free zones associated with public colleges and universities. START-UP NY helps businesses create new jobs in the State with the opportunity to operate 100 percent tax free for ten years.
The 18 businesses are going to create at least 135 new jobs and invest nearly $10 million over the next five years in New York State. According to Governor Cuomo, “By partnering world-class academic institutions with cutting-edge businesses, the program helps to strengthen the economy and generate new growth in the Empire State.”
A number of universities in the state are going to help the companies have access to industry experts and advanced research laboratories associated with the schools. The university sponsors include Alfred University, Albany Medical College, Stony Brook University, SUNY Downstate Medical College, SUNY Binghamton, SUNY Morrisville, and the University at Buffalo.
University at Buffalo (UB) is working with the Israeli company VOICEITT Inc. www.talkitt.com to develop a speech-recognition software application called “Talkitt” capable of translating unintelligible sounds into coherent speech in real time. The app enables a person with speech disabilities to communicate intuitively and freely using their own voice.
In another project, UB is working with Empirican Clinical Testing Services LLC a New York company, functioning as a physician-directed clinical research network. The company provides rapid patient enrollment for research projects in the pharmaceutical and medical device industries. The company has a proprietary system called Periscope360™ and plans to expand and develop the next version of the product.
UB is also working with the medical device company Disease Diagnostic Group Inc. focused on developing low-cost, reusable diagnostics for infectious diseases. The company is seeking regulatory approval for the product, “Rapid Assessment of Malaria” (RAM) to be sold primarily in developing countries.
Atomic Medical Innovations, Inc. with guidance from UB is developing a wound care material designed to heal complex, chronic abdominal wounds. The company’s wound care material is in the R&D phase and the company is going to begin testing the product.
SUNY Downstate Medical College will help Histowiz Inc. http://histowiz.com a State histology company develop the first histology database that will incorporate global scientific data using the crowdsourcing Software as-a-Service (SaaS) model. The database will enable histology-driven data mining to be accomplished across different laboratories.
SUNY Binghamton will assist Binghamton Surgical Instruments a new medical device technology startup to develop a full line of spinal implants and the company is going to notify FDA of their intent to market a medical device (501K Pre-Market Notification).
Albany Medical College is going to help iSimulate www.isisumulate.com an Australian software company presently opening a U.S branch. The company provides medical simulation systems that includes products, such as ALSi and CTGi which use mobile technology. Their products are purchased globally by hospitals, universities, medical and nursing colleges, and EMS at Fire departments.