Broome County Rapid Response Program

At County request, STOC prepared a formal plan to address business and site inquiry requests from companies and individuals both within the Greater Binghamton market as well as those interested in relocating their business here. Specifically, STOC:

• Defined a formal process to clarify responsibilities across economic development
   organizations
• Assembled a list of relevant subject areas and prepared content
• Identified and launched a “Three Deep” roster of area leaders, to be ready at a
   moment’s notice to interface with firms interested in our area.

The list is nearing completion and the team has been assembled. Broome County has assumed responsibility for "triggering" inquiries and enlisting team members to address inquiries. If you are interested in participating should team slots become open, please contact STOC ().

Southern Tier Angel Fund

STOC has identified the need for and provided the infrastructure to establish the first Angel Fund dedicated to the Greater Binghamton area. An organizational meeting has been held with local interested parties and investors. More specifically, STOC has:

• Built upon detailed knowledge of local entrepreneurs to identify target companies
• Assembled a regional team of financial community leaders to identify potential fund
   investment participants
• Integrated “hands on” expertise of regional and national Angel experts

STOC is currently in the process of identifying a strong, experienced national Fund leadership who will focus on local Angel opportunities. While the Fund is not yet structured to provide funding, this work is underway.

If you are an early stage entrepreneur with a business opportunity in technology, software, simulation or related fields, please contact STOC.

If you are an investor or other community member who is interested in supporting this effort, please contact STOC about membership.
 

Broome County Incubator

To help foster the development of new businesses in Greater Binghamton, Broome County has announced that they will be establishing an Incubator, scheduled to be open in late 2006 or early 2007. The Incubator will house both low- and high-tech businesses who show the greatest prospect of bringing quality jobs to the area.

Broome County is in the process of developing criteria for Incubator tenancy and has asked STOC to identify and screen local candidates against these criteria. A public relations campaign from the County is expected to direct local interested parties to STOC, and STOC will also contact local entrepreneurs with whom we are familiar to make them aware of this exciting opportunity.

Those candidates who meet the criteria will be forwarded to County officials. The County will make final determinations regarding those who will be invited to take space at the Incubator.

If you have an early stage business that you believe meets the County Incubator criteria, click HERE to submit your application.

A team of STOC members has been assembled to assess candidates against these criteria. If you would like to join STOC, please click HERE. Be sure to express your interest in participating on our Broome County Incubator Screening team.
 

Binghamton University Venture Capital Day

Broome County, working in tandem with New Jobs for New York (www.newjobsforny.com) and Binghamton University (www.binghamton.edu) has announced a Venture Capital Day to be held on the Binghamton University campus in September 25, 2006. Because of its knowledge of local entrepreneurs and understanding of business funding sources, STOC has been enlisted by the County to identify attendees for this exciting event.

The Binghamton University Venture Capital Day will be targeted at and limited to individuals and businesses who are interested in Angel and/or Venture Capital funding (it is not open to the general public). The program will include a presentation on the Basics of Venture Capital Funding from the Upstate Venture Association of New York (www.uvany.com) as well as the opportunity for select individuals/companies to present to a panel of UVANY experts and receive instant feedback.

If you are interested in participating in this event, please contact STOC and provide us with information about your business or idea.

A team of STOC members has been assembled to interface with those interested in the Venture Capital Day. If you would like to join STOC, please click HERE. Be sure to express your interest in participating on our Binghamton University Venture Capital Day team.

Reminder: This event is not open to the public, but attendance of qualified, interested parties is encouraged. Please contact STOC to register.