START-UP NY
Funding Amount
Tax incentives valued as no income tax, sales tax, property tax, franchise fees, or business/corporate state or local taxes for 10 years
Deadline
Deadline not published
Grant Type
Foundation
Can we apply?
Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.
Other requirements
- Advanced materials and manufacturing
- Biotech and life sciences
- Computers and electronics
- Optics and imaging
Overview
Geographic Scope: New York State, on or near eligible university or college campuses
Focus Areas: Advanced manufacturing, biotech and life sciences, computers and electronics, optics and imaging, clean technology and renewable energy, transportation equipment
Program Description
START-UP NY offers new and existing manufacturers the opportunity to operate tax-free for 10 years on or near an eligible university or college campus in New York State. Participating businesses gain direct access to research laboratories and technical experts through partnerships with academic institutions.
Eligible Industries
- Advanced materials and manufacturing
- Biotech and life sciences
- Computers and electronics
- Optics and imaging
- Clean technology and renewable energy
- Transportation equipment
Tax Benefits (10-year period)
- No income tax
- No sales tax
- No property tax
- No franchise fees
- No business or corporate state or local taxes
Eligibility
- New businesses across New York State
- Existing firms wanting to expand or relocate within NYS
- Must partner with a participating college or university
- Limited to specified industries (not all NYS companies qualify)
What Fuzehub Inc actually gave
Source: IRS Form 990, 2024
- Grants in 2024
- 45
- Total given
- $1.67M
- Median grant
- $30K
- Range
- $6,500–$115K
- By dollars: New York 97%, Virginia 2%, Pennsylvania <1%. Top recipient cities: Albany, NY; New York, NY; Rochester, NY.
- 0% of grants with a stated purpose were for general or operating support.
- 33% of recipients were new grantees, not repeat recipients.
Example grants
Cornell University · Ithaca, NY
Innovation award
$97K
University of Buffalo · Albany, NY
Innovation award
$93K
University of Rochester · Rochester, NY
Innovation award
$88K
Binghamton University · Binghamton, NY
Innovation award
$79K
University of Albany (Research Foundation State Univ NY) · Albany, NY
Innovation award
$79K
Focus Areas & Funding Uses
Fields of Work
- Startups
- Small businesses
Categories
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