The College of Nanoscale Science and Engineering in Albany has been approved for Gov. Andrew Cuomo’s START-UP NY program to attract businesses to its research complex.
The nanocollege is promoting about 82,000 square feet of office and lab space at its campus in Albany. The college is looking to lure advanced manufacturing, nanotechnology, clean energy and biomedical companies to the campus.
“The innovative START-UP NY initiative will enable exciting opportunities by leveraging the unique resources of this great state,” said nanocollege CEO Alain Kaloyeros.
The college also plans to attract businesses to its Zero Energy Nanotechnology (ZEN) building in Albany, which is currently being constructed. Once completed, the building will focus on research and development of energy-efficient technologies. It also will be the home of Tech Valley High School at the start of the 2014-15 academic year.
Also, the nanocollege is pitching 26,650 square feet of office space at its newly developed tech hub at Kiernan Plaza in downtown Albany. The Smart Cities Technology Innovation Center, or SCiTI Center, was established to provide new technologies and solutions for cities. Tenants include engineering firm CHA, credit union SEFCU and Windstream.
“Nanotechnology industries and workforce training will continue to be critical elements of New York’s growing world class and globally competitive innovation economy,” said State University of New York Chancellor Nancy Zimpher.
START-UP NY is a business tax incentive program aimed at bringing in new, expanding and out-of-state businesses to New York. The program offers companies space and land on or near college campuses to set up shop and operate tax-free for 10 years.
In Rochester, the nanocollege’s Smart System Technology & Commercialization Center (STC) was also approved for 1,500 square feet of office space under START-UP NY. The college is still waiting for the green light at facilities in Buffalo, Syracuse and Utica.
Last month, the University at Albany also received approval for its proposed tax-free sites under START-UP NY. The university, which is splitting from the nanocollege, is looking to market 54 acres of land and more than 20,000 square feet of office and lab space among its three campuses in Albany.