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

IRS Form 990, 2024. Amounts as reported by the funder. Full 990 history →

Focus Areas & Funding Uses

Fields of Work

  • Startups
  • Small businesses

Categories

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