Capital Region Accelerators an Invaluable Resource for Entrepreneurs

Aug 14th, 2018

When you’re launching a business, most people agree the process is more enjoyable if you don’t have to do everything by yourself. That’s where an accelerator program comes into play. The Capital Region touts several accelerators in the area’s Tech Loop that are being leveraged by promising software tech companies.

The Rensselaer Emerging Ventures Ecosystem Accelerator Lab (REVEAL)at RPI wrapped up their summer accelerator program in July, which was geared specifically for video game developers. Any business with a video game project was invited to apply to the REVEAL program with priority given to Capital Region startups. There is no cost to participate in the program and accepted businesses receive funding.

At the Quackenbush Building in nearby Troy, you’ll find Ignite U NY, which offers a 9-week, industry-agnostic accelerator program. Ignite U NY recently held a Startup Showcase event where businesses in the program pitched their offerings in the hopes of receiving funding or making key connections. 

Aurox, CenterSquare and CampusPro are a few of the businesses in the 2018 Ignite U NY class. Aurox uses drones to provide data solutions for dairy farms and their nutritionists. CenterSquare is a hyper-local mobile marketing app that connects residents and visitors to local businesses. And CampusPro is also a mobile app that connects student freelancers with peer consumers. 

In Schenectady, the New York Biz Lab, gives businesses access to its network, provides mentors and offers a low-cost space within the tax-free StartUp NY zone. The New York Biz Lab also partners with local colleges through a lunch and learn series with Clarkson University Graduate School and a 24-hour hackathon hosted last February at Schenectady Country Community College. 

Saratoga Springs is home to Spark Saratoga, which also offers entrepreneurs a way to submit ideas and perform market research and feasibility analyses on the ones that show merit. Spark Saratoga also offers services to help businesses with proven concepts grow faster. 

Even if you have a compelling product or service to offer, sending cold emails and making cold phone calls to potential clients can be a challenge. Accelerators provide startups with a built-in network that helps entrepreneurs focus on the company’s overall strategy instead of sales or administrative tasks. The mentorship at any accelerator is also crucial for leaders who have not previously launched a business. 

Whether you’re at the conceptual stage or have started building a mobile app, video game or software solution, an accelerator can be an absolute game changer for your business. If that describes you and you’re located in New York’s Tech Loop, now is the best time to apply with one of these local accelerators.

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