THE ENTREPRENEURIAL ECOSYSTEM AT WORk
The Koffman Southern Tier Incubator, in partnership with Binghamton University and SUNY Broome, provides entrepreneurs and startups with the knowledge and resources they need to build sustainable businesses. Binghamton U run Incubator programs will include a variety of workshops, seminars, mixers and mentoring.
HOW WE GOT HERE
The seeds for the incubator were planted in 2012 when Binghamton University teamed up with SUNY Broome, Broome County, the city of Binghamton, and state and federal officials to imagine a facility located in the city’s urban core dedicated to providing the infrastructure needed for companies focusing on energy, electronics
The Empire State
We thank Gov. Andrew Cuomo and all of our
state, local and federal officials who shared
this vision and worked to make this
building a reality. New York state provided
nearly $13 million in support for the project.
$7 million was awarded via the Regional
Economic Development Council and $6 million
was an award from NYSUNY 2020 to SUNY
Broome’s Bridge to Entrepreneurial Excellence
program. The remaining funds to build
the Koffman Incubator came from the Broome
County Industrial Development Agency ($2
million), the Federal Economic Development
Agency ($2 million) and the Binghamton
Research Foundation ($2 million). Additional
support was provided by Broome County
government and the city of Binghamton.
A Koffman Legacy
The Southern Tier Incubator namesake, the
Koffman family of Binghamton, has made
a significant donation to support future
programming and operations. This will ensure
the building can create and maintain a healthy
entrepreneurial ecosystem that will become a
hotbed for startup activity, ultimately creating
more companies in the Southern Tier.