Saratoga County Prosperity Partnership and The Stack Center for Innovation and Entrepreneurship Join Innovate 518

Affiliate Partner Network Grows with Addition of Two Regional Resources

ALBANY, N.Y. (November 7, 2017) – The Saratoga County Prosperity Partnership and The Stack Center for Innovation and Entrepreneurship at Siena College have been named affiliate partners with Innovate 518, the Capital Region’s Innovation Hotspot. Both organizations will work closely with Innovate 518 and nearly two-dozen regional partners to fulfill a mission of driving commercialization within the Capital Region.

“Innovate 518 works collaboratively to create robust workforce development and sustainable revenue for the regional economy,” said Matt Grattan, director of community and economic development, University at Albany. “The addition of Saratoga Partnership and The Stack Center at Siena College helps us expand our mission of fostering a supportive innovation infrastructure that connects entrepreneurs to the start-up ecosystem.”

The Saratoga County Prosperity Partnership (Saratoga Partnership) is the County’s designated economic development organization, designed to lead the public and private sectors in achieving economic success for its businesses and residents. As the first point of contact for business retention, expansion, and attraction, the Saratoga Partnership provides a seamless delivery of economic development and workforce development assistance for businesses seeking to expand.

“The Saratoga County Prosperity Partnership is laser-focused on building a vibrant economy in Saratoga County, working aggressively to attract sustainable jobs and capital investment, and providing resources to help existing businesses grow and prosper,” said Marty Vanags, President of the Saratoga Partnership. “We look forward to lending our expertise and services in supporting Innovate 518’s effort to strengthen the burgeoning start-up environment in this region.”

The Saratoga Partnership hosts a variety of programs beneficial to entrepreneurs and startups seeking to expand in the County, including a business retention and expansion program, a small business workshop series, mentoring opportunities and workforce trainings. They also have a number of new programs and alliances in the pipeline for launch in the New Year.

The Stack Center for Innovation and Entrepreneurship at Siena College engages students through high-impact learning practices designed to develop critical thinking, innovation and entrepreneurial skills. Their “Innovate-Create-Accelerate” process allows students to apply these skills to develop and implement successful business ventures.

Each year the Center hosts a Spark Tank competition and Stocchetti Summer Accelerator Program providing students opportunities to build their ideas and present them to panel of successful business leaders. Advisors also help student teams prepare for national competitions such as the New York State Business Plan Competition, Entrepreneurial Roundtable Accelerator and the Y Combinator.

The Center also seeks to highlight entrepreneurial-minded alumni who have successfully launched their own businesses to inspire the Center’s current students. The Maddalone Entrepreneurship Wall of Success features the various logos of companies launched by Siena alumni in fields ranging from technology to traditional services and physical products. The Center also hosts an Entrepreneur of the Year program which recognizes Siena alumni that have gone on to become successful entrepreneurs.

About Innovate 518

Innovate 518 is a collaborative effort of incubators, accelerators, and entrepreneurial service providers from New York’s Capital Region including Albany, Columbia, Greene, Rensselaer, Saratoga, Schenectady, Warren and Washington counties. It is designed to turn New York’s Capital Region into a hotbed of entrepreneurial activity by providing best practices, networking and mentoring, as well as educational and financial resources to start-up companies. Designated at the Capital Region Innovation Hot Spot and managed by the University at Albany, Innovate 518 is a NYSTAR-initiative enabling funding and a unique set of tax incentives for companies in their earliest stages.

 

About the Saratoga County Prosperity Partnership
The Saratoga County Prosperity Partnership is Saratoga County’s designated Economic Development organization, leading the public and private sectors to achieve economic success for its businesses and residents. The Saratoga Partnership is the first point of contact for business retention, expansion, and attraction, providing a seamless delivery of economic development and workforce development assistance for businesses seeking to expand in Saratoga County, New York. For more information, visit www.saratogapartnership.org or @saratogaecondev.