Histowiz Joins Start-UP NY at SUNY Downstate
Cancer researcher Histowiz will be participating in Gov. Andrew Cuomo’s START-UP NY business-friendly program, at the State University of New York (SUNY) Downstate Medical College in Flatbush, the governor recently announced.
Cuomo announced that 18 new businesses are joining START-UP NY and will be working with public colleges and universities across the state. The businesses have committed to creating 135 new jobs and investing nearly $10 million over the next five years.
As part of START-UP NY, Histowiz Inc., a company working to develop a database that will incorporate global scientific data using crowd-sourcing, will be sponsored by SUNY Downstate Medical College and will be working on the college’s Brooklyn campus.
Histowiz Inc. processes, embeds, cuts and stains tissue specimens and digitizes the results for biomedical researchers.
The company will create nine new jobs and invest $2.5 million as part of the START-UP NY program.
“In a few short years, START-UP NY has attracted thousands of good-paying jobs, and hundreds of millions in private investment from innovative companies in communities across New York,” Cuomo said in a statement. “By partnering world-class academic institutions with cutting-edge businesses, this program is helping to strengthen our economy and generate new growth and opportunity in the Empire State.”
The 18 new participants in START-UP NY are sponsored by Alfred University, Albany Medical College, Stony Brook University, SUNY Downstate Medical College, SUNY Binghamton, SUNY Morrisville and the University at Buffalo.
START-UP NY has commitments from 172 companies to create at least 4,175 new jobs and invest more than $229.2 million over the next five years in New York state, according to the Empire State Development Corp (ESD).
“These START-UP NY companies bring innovative new technologies to New York’s key industry sectors and invest millions of dollars in local communities statewide,” said Howard Zemsky, president, CEO and commissioner of ESD. “With 172 companies now participating, START-UP NY is strengthening the state’s economy, stimulating growth and progress on our college campuses and creating thousands of new jobs for New Yorkers.”
To date, 75 schools have signed up for START-UP NY, establishing 456 tax-free areas, representing over 5 million square feet of tax-free space for new or expanding businesses to operate on or near campuses.
SUNY Chancellor Nancy L. Zimpher said she is pleased to be participating in START-UP NY.
“We are thrilled with the momentum of Gov. Cuomo’s START-UP NY program to grow jobs and create opportunities for New Yorkers while enhancing the educational experience for SUNY students and faculty,” Zimpher said.
The businesses expanding in New York state under START-UP NY will create jobs in several key industries, including biotechnology; breweries, wineries and distilleries; manufacturing; research and development in the physical, engineering and life sciences; and software-as-a-service and software development, according to ESD.
START-UP NY provides businesses that create new jobs in New York state with the opportunity to operate 100 percent tax-free for 10 years. The companies also work in partnership with the higher education institutions they are sponsored by, and have the ability to access industry experts and advanced research laboratories associated with the schools.
A list of the START-UP NY plans for each of the colleges and universities are available at www.startup.ny.gov.