Archive for October, 2010

Accelerator client CymoGen Dx updates IDA board on advancements

October 25, 2010

Peter Hartmayer, Vice President at CymoGen Dx, the third client to sign on with the Accelerator, took time out of his busy schedule last week to meet with Orange County IDA Board Chairman Jim Petro, Attorney Phil Crotty, Executive Director Jim O’Donnell and the rest of the IDA board to update the board on its latest advancements.

CymoGen Dx V.P. Peter Hartmayer delivers a report to the Orange County IDA at its monthly meeting on Wednesday, Oct. 20 held at the Accelerator.


The report was received by the board with great praise and encouragement:

The cancer research and monitor development company is currently developing new technology that could detect aggressive and non-aggressive cancer cells earlier than current equipment. It employs six people at its headquarters at the Accelerator, with plans to add a sales force and training center of up to 70 people in the next 18 months.

CymoGen Dx has made great strides since joining the Accelerator in February. They’ve established themselves as great entrepreneurs and members of the Orange County business community.

They’ve sure taken great advantage of the early-stage start-up assistance provided by the Accelerator, including its access to networking and marketing professionals. Peter and his team have also been extremely active in taking part in our Entrepreneur Knowledge Series, one of the most valuable assets in the Accelerator’s tool box.

The Accelerator congratulates CymoGen Dx on a continued job-well-done preparing for liftoff!

Just an additional note…The Accelerator this week signed two additional emerging technology firms… Watch our blog for news alerts regarding our newest innovators!

Orange County Business Accelerator Introduces Two New Speaker Series

October 18, 2010

New Windsor, N.Y. – October 18, 2010 – Orange County Business Accelerator is proud to announce the creation of two new speaker series in response to a growing demand for educational events from the business community.

In the month of October, the Accelerator will host its first Pop-Up Knowledge Series, a monthly early-bird series, and Service Provider Series, a series focused on the service industry. Both speaker series will focus on bringing together entrepreneurs and small business owners from around the Northeast to discuss hot business development issues to help them grow and prosper, much like the already popular Entrepreneur Knowledge Series, currently in its tenth month of operation.

Enterprise Development Director Peter Gregory said, “During its first year, the Accelerator has created business connections with too many good resources for business executives than a once-a-month schedule would allow. So we are introducing a parallel knowledge series, as well as one for service providers who we feel represent value in key areas of early- and small-business growth.”

Managing Director Michael DiTullo added, “The response we have received from the Entrepreneur Knowledge Series has been so great that we’ve decided to expand our speaker series so that we may facilitate even better communication between businessmen and women, public and business leaders in Orange County and surrounding areas. After a brief summer hiatus, the speaker series has come back stronger than ever, with more events and hotter topics.”

On Thursday, Oct 21, the first Pop-Up Knowledge Series will feature “Which Way Is Your Exit?” by Ed Baloga, of Baloga Associates, LLC, at 7:30 a.m. at the Accelerator’s office in New Windsor, N.Y. Baloga understands the challenges faced by entrepreneurs as he was a co-founder of a consumer goods company in the HBA industry. He has worked in the toy industry at CBS Inc. and at Matchbox Toys (helping the latter become the first Southeast Asia based company to go public on the NYSE).

On Tuesday, Oct. 26, the first Service Provider Series will feature a presentation by Jim Sandler of The Alternative Board at noon at the Accelerator office. The Alternative Board creates, manages and facilitates advisory boards comprised of local business owners, presidents, and CEOs who run non-competing businesses.

On Thursday, Oct. 27, the Accelerator invites guests to learn from the Hudson Valley’s Certified Lean Office Expert Cynthia Marsh-Croll, of Croll Productive Synergy, on “Streamlining from the Starting Gate: Build Advantages for your Startup Right from the Start.” The networking event starts at 11:30 a.m. and runs until 1:30 p.m. Tickets are $10, payable at the door.

For more information and event registration, interested parties may contact Enterprise Development Director Peter Gregory at

OCBA, located at 4 London Avenue in New Windsor, N.Y. at Stewart International Airport, is a business incubator program launched by the Orange County Industrial Development Agency (IDA). The incubator, 10,000 square feet of Class A high-tech research and development space, is designed to attract new entrepreneurial investment by providing businesses with below market occupancy costs, a menu of mentoring programs and a high-tech plug-and-play office environment. For more information, please visit

Accelerator has faith in airport passengers around the Hudson Valley and Capital regions

October 18, 2010

Businessmen and women in the Hudson Valley and surrounding regions spend much of their time in the air in between meetings, conferences and numerous other business-related rendezvous. The Accelerator knows that many of these air travelers utilize regional airports, such as Stewart International Airport.

These folks are the innovators, the entrepreneurs, the thinkers that the Accelerator wishes to attract to its state-of-the-art facilities at New York International Plaza, adjacent to the “Gateway to the Hudson Valley.”

They are intuitive, progressive and skilled in idea marketing, advertising and business development trends. They represent the business leaders, wealth creators and idea generators of tomorrow’s Hudson Valley, which is the Accelerator is extending its advertising reach to the terminals of three booming regional airports in New York State.

More than one million people passed through the terminal at Stewart last year, with projections showing increases in the next 10 years, based on Port Authority of New York and New Jersey figures. This prompted the Accelerator to tap this audience for at least the next year, placing a larger-than-life backlit display ad. 

Statistics for Westchester County Airport show an average of 1.9 million passengers utilize the airport every year, while a third airport to which the Accelerator is extending its advertising reach, Albany International Airport, records more than one million passengers every year. And neither statistic takes into account family and friends perusing the airport while awaiting arrivals.

With advertising at these three major regional airports, the Accelerator is making a bold move in counting on the traveling business community to remain innovative and full of entrepreneurial spirit, with hopes that at least some of them will one day will tap the Accelerator for its wide variety of early-stage startup assistance to help their business grow and, in turn, help Orange County create real jobs, real close to home.

The runway is clear for take-off at the Intersection of Capital, Talent…and Innovation!

The Orange County Business Accelerator backlit display ad hangs above the escalators at the Stewart International Airport terminal.

The Accelerator offering full menu of speaker series in response to entrepreneurial appetite

October 11, 2010

The Entrepreneur Knowledge Series continues to become a growing source of professional knowledge in the Hudson Valley. Over 1,000 business professionals from as far as New York City and further Upstate have visited the Accelerator with hopes that our educational seminars will in some way enhance and expand their business.

In fact, it has been in such great demand that the Accelerator has decided to organize two new series to further help early-stage innovators from around the country increase their level of service and take their businesses to the next level: the Pop-Up Knowledge Series and the Service Provider Series.

The Pop-Up Knowledge Series is targeted towards those business executives whose schedules better favor a 7:30 a.m. breakfast than a midday luncheon. This series will mirror the topics and efforts of the popular Entrepreneur Knowledge Series and will prove to be a great asset to those ‘Early Birds’ across the region.

While the previously-mentioned new event series is general-knowledge based, we are now offering a third series on an occasional basis for service providers who we feel represent value in key areas of early- and small-business growth. This is a chance for various service providers to present their firm-specific information and how you might engage them to increase your financial success.

The Accelerator now provides a full menu of speaker series in response to a great appetite the business community has for knowledge and innovation in a time when early-stage entrepreneurs and business owners need it most.

I’d like to thank Enterprise Development Director Peter Gregory for his diligent efforts in organizing these multi-layered, educational events for the 1,000 attendees-and-growing every month. Peter’s consistent enthusiasm and hard work helps to provide a great asset to our clients, as well as business professionals from around the Northeast.

Check our events page for more details on exciting and upcoming events at the Accelerator.

We hope to see you soon at the Intersection of Capital, Talent…and Innovation!

A crowd packs the Accelerator at the Entrepreneur Knowledge Series event focusing on social media in May 2010.

Statism vs. capitalism: Orange County has already chosen. You, New York State?

October 4, 2010

This week Enterprise Development Director Peter Gregory and I had the opportunity to attend this year’s New York State Business Council’s Annual Meeting at The Sagamore on Lake George. Entrepreneurial spirit flowed through the air as early-stage innovators and global and regional corporate executives gathered to talk business.

While up there, we saw many familiar faces, including Orange County Chamber of Commerce President John D’Ambrosio and Rockland Business Association President Al Samuels, who both received recognition on behalf of their organization’s proactive roles in business leadership. Buffalo businessman and gubernatorial candidate Carl Paladino and state Comptroller Thomas DiNapoli were both guest speakers at the annual conference and trade show.

Though much of the week yielded optimism and enthusiasm, you couldn’t help but notice that everyone was frustrated about one thing- the future of taxes in New York State. In the last ten years, the state budget has doubled and in the last two years taxes have gone up $15 billion (much are business-related taxes). There is a trend of businesses leaving New York State and the rest have been left to fend for themselves, as Albany’s plan for handling business has been to ignore business.

What they should do is take a page out of Orange County’s book. Orange County government and the Orange County Industrial Development Agency have been proactive in bringing new business to this great county with the creation of Orange County Business Accelerator.

Instead of ignoring the needs of businesses around the state, Albany should be providing more assistance to early-stage entrepreneurs, especially those interested in alternative energy and new technologies, as Orange County has done.

The Accelerator has nearly filled its current space with 11 early stage innovators working behind its doors. More than 30 people now work within its doors and a projected 300 high-tech, high-pay jobs could be created by its current clients in the next five years.

Orange County has stepped up to the plate, and now the Accelerator is here – in business for your business.

 Now it’s time for New York State to do the same.