START-UP NY

START-UP NY

Funder: New York State

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)

Contact: New York State

Source: FuzeHub funding opportunities page