A host of businesses join New York's Start-Up NY program where they partner with universities to gain access to resources and experts in return for investment and job creation.
Histowiz, a US-based biomedical company, is to join Start-Up NY at the State University of New York (Suny) Downstate Medical College, according to Brooklyn Eagle.
Histowiz and the 17 other companies will join the program as announced by New York governor Andrew Cuomo. They will work with universities and colleges across the state and have committed to creating 135 jobs and investing approximately $10m over five years.
Histowiz takes tissue specimens and digitises the results from their processing, cutting and staining for biomedical researchers. The company is expected to invest $2.5m and generate nine jobs.
Start-Up NY enables businesses to operate tax-free for 10 years on or near eligible university and college campuses. The businesses partner the institutions which give them access to research laboratories, resources and subject experts.
The latest 18 businesses are to be sponsored by Alfred University, Albany Medical College, Stony Brook University, Suny Downstate Medical College, Suny Binghamton, Suny Morrisville and Buffalo University.
Cuomo said: “In a few short years, Start-Up NY has attracted thousands of good-paying jobs, and hundreds of millions in private investment from innovative companies in communities across New York.
“By partnering world-class academic institutions with cutting-edge businesses, this program is helping to strengthen our economy and generate new growth and opportunity in the Empire State.”
