NYIT Receives $625K State Grant for ETIC Business Incubator
December 23, 2016
On December 8, NYIT's Entrepreneurship and Technology Innovation Center (ETIC) received New York State designation as a Certified Incubator, which includes a $625,000 award by the Empire State Development Corp. The $125,000-per-year grant will provide support over the next five years for startup businesses, including increasing entrepreneurial and high-tech training, commercialization guidance, networking opportunities, and staff recruitment in three areas of specialization for the university: cybersecurity; bioengineering/medical devices; green energy and clean technologies.
“The NYIT business incubator will support regional economic development and job creation efforts on Long Island,” said Nada Marie Anid, Ph.D., dean of NYIT School of Engineering and Computing Sciences. “The programming and facilities we can now provide in the incubator will help nurture the entrepreneurial drive of individuals and start-ups that need this type of support to succeed in their ventures.”
The ETIC, which opened in 2015, was also recently designated as a StartUp NY Tax Free Zone and offers training and certification preparation for a broad base of individuals, including students, working professionals, and veterans and their families. Services include regular professional development workshops on topics ranging from 3-D printing and coding to business skills. The ETIC also offers Six Sigma, CNSS, Cisco Networking, and other training modules and boot camps to prepare students and startups for certification exams. In addition, it serves as a research and development facility for faculty and students as well as business partners.