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What you need to know for 06/22/2017

[s]Cube moving to Schenectady's BizLab

[s]Cube moving to Schenectady's BizLab

Another tech company is moving into the New York BizLab on lower State Street under START-UP NY.
[s]Cube moving to Schenectady's BizLab
A company called [s]Cube is moving into the third floor of the BizLab, a business accelerator located at 251 State St., by the end of the year.
Photographer: Marc Schultz

Another tech company is moving into the New York BizLab on lower State Street under START-UP NY.

A company called [s]Cube is moving into the third floor of the BizLab, a business accelerator located at 251 State St., by the end of the year.

The company, started in 2015, develops applications for smart connected products and provides tools to analyze, build, collaborate and connect objects to the Internet.

“[s]Cube Inc., a cutting-edge company that develops solutions for the Internet of Things, is very excited to move into the BizLab and become part of the Schenectady ecosystem,” [s]Cube CEO Suman Akula said in a statement. “We are looking forward to working directly with Schenectady County Community College and creating jobs throughout the area.”

The company, located in Albany, plans to invest $63,000 and is expected to hire 10 employees in the next six months. [s]Cube will occupy about 2,500 square feet of space.

[s]Cube was accepted into the state's START-UP NY program in partnership with SCCC, located down the street from the BizLab.

START-UP NY provides tax breaks to qualified businesses that start, move or expand in the state in partnership with participating colleges and universities.

“The company is focused on helping its clients with IT solutions that will reduce operating expenses and increase return on investment,” [s]Cube President Pat Gray said in a statement. “We strongly believe that we can make communities innovative and efficient using talent from within our own region.”

[s]Cube marks the BizLab's sixth tech company. The BizLab was founded by Transfinder CEO Antonio Civitella.

Up to three other companies could also move into the third floor in the future before the BizLab reaches full capacity, according to Rick D’Errico, managing director of the BizLab.

[s]Cube joins other START-UP NY companies at the BizLab including recently announced Dumbstruck along with Furlocity, Fundabilities, Lottery Rewards and SureDone.

Also, the Beekman Boys, of Beekman 1802 in Sharon Springs, Schoharie County, recently opened its headquarters under START-UP NY on State Street in downtown at the Electric City Innovation Center, located in the Center City building along with tech company Wink.

Reach Gazette reporter Haley Viccaro at 395-3114, hviccaro@dailygazette.net or @HRViccaro on Twitter.

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