Cornell, Area Schools Launching Business Incubator in Downtown Ithaca
With hopes of encouraging entrepreneurship and promoting economic growth in the region, Cornell and two partnering schools announced Thursday that they will open a business incubator in downtown Ithaca.
The Downtown Ithaca Incubator, housed in the Carey Building on 314 E. State St., will give entrepreneur hopefuls a co-working space from which they can conceptualize, form and launch businesses, according to Tom Schryver ’93 MBA ’02, executive director for new venture advancement at Cornell.
The space is a product of a collaboration between the University, Ithaca College and Tompkins Cortland Community College. Cornell President David Skorton said the partnership between the three academic institutions will help alleviate the effects of the recession in the region.