Venture Certification

For ventures to be certified, companies must be in good standing with an Innovate 518 incubator, be on a path toward scalable development, and at less than $2 million in operating annual revenue. In addition, ventures must complete the following steps:

  • Provide a scanned copy of their articles of organization or other suitable documentation demonstrating that the venture is in its first five (5) years of operation; seven (7) years is acceptable for life sciences ventures.
  • Provide a scanned copy of the Innovate 518 CEO Endorsement (Word file) signed by the venture‚Äôs CEO.
  • Provide an updated version of the Innovate 518 Worksheet (Excel file) including the pertinent information for the venture. The file should be saved using the company name as the file name.
  • Provide a scanned copy of a signed letter from the host incubator manager certifying: 1) that the venture is in good standing with the incubator; and 2) the date which the venture joined the incubator.

All files should be submitted electronically to Maria Pidgeon, Associate Director, Innovation Hot Spot, at mpidgeon2@albany.edu. Submissions will be accepted on a quarterly basis, with deadlines of March 15, June 15, September 15 and December 15 in each calendar year. Partial or late submissions cannot be considered.