Binghamton University continues successful Startup Summit

Second annual celebration of entrepreneurial success to be held May 1

Entrepreneurs in the Southern Tier have more resources than ever to help develop their businesses, including the second annual Southern Tier Startup Summit, a day-long event to be held May 1, at the Koffman Southern Tier Incubator, 120 Hawley St., Binghamton.

Nearly two years ago, the entrepreneurial ecosystem was introduced to the Koffman Southern Tier Incubator, a business incubator that provides space and guidance to area startup companies. At the end of its first year, the incubator had 30 resident companies and seven co-working members utilizing its shared spaces. This success warranted a celebration, leading to the first Southern Tier Startup Summit, which brought together a diverse range of innovators to share stories, advice and inspiration.

The quality and quantity of Koffman Incubator member startups has grown to 24 resident companies, 29 co-working members and eight graduates that have taken up residence in locations throughout the community. Of these, 19 are clean-energy focused. Startups are recognizing the opportunities in the Southern Tier with five out-of-state and one international company joining Binghamton’s Incubation Program.

This year’s summit is a day-long celebration of entrepreneurial success in the region to unite entrepreneurs, business professionals, students, founders, investors and economic catalysts.

Maggie Chan Jones ‘96 is the founder and CEO of Tenshey, Inc., a tech-enabled startup that advances gender diversity and leadership through executive coaching. She returned to Binghamton as a keynote for last year’s summit.

“I, personally, was surprised to see how vibrant the startup scene is in Binghamton,” Jones said. “I just love the vibe.”

The summit aims to highlight the community’s growing startup scene while sparking new connections. Attendees will learn firsthand about significant local developments, as well as the considerable progress made by companies within the Koffman Incubator and in the greater Southern Tier.

David Mirsky ’76 attended the 2018 summit and recently made a gift to support the incubator, which he sees as a driver for entrepreneurship in the region.

“I’ve seen [business incubators] at other schools and this is really a nice one. You’ve got some excellent businesses going. This is great and it is going to develop some future big-hitters,” Mirsky said.

Summit attendees get to immerse themselves in the full scope of the incubator during the summit, with all three floors of the building showcasing business demos, pitches, workshops and speakers.

The event will also feature the Chloe Capital National Tour highlighting Chloe Capital, a venture capital firm that invests in women-led innovation companies. After the summit, five female founders will pitch for a $100,000 investment.

Bob Murphy, director of economic development for the city of Binghamton, notes the importance of the summit to the region.

“The Startup Summit was definitely a major milestone in igniting the entrepreneurial spirit in this area,” Murphy said.

“The Koffman Southern Tier Incubator first annual startup summit was a tremendous success,” said Dan Mori, former director of business incubation for the Binghamton Incubation Program. “We were able to entertain and educate [hundreds of] people at this event, to showcase what we are doing here, to grow companies and graduate them out into our community.”

Tickets prices range from $15 to $45 and can be purchased online. For more information, visit the Koffman Southern Tier Incubator summit website. southerntierincubator.com/summit

Posted in: Business, Campus News