Launch NY Newsletter – May 2018

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Launch NY

Launch NY News & Updates Upcoming Events
Are You Reinventing the Future of Work? Apply to the Inclusive Innovation Challenge


The North America Inclusive Innovation Challenge (IIC), presented by the Ralph C. Wilson, Jr. Foundation, is the flagship initiative of the MIT Initiative on the Digital Economy (IDE). Over 1 million dollars in prizes will be awarded to inclusive entrepreneurs who are using technology to create a greater shared prosperity for all. Deadline to register to apply is May 29, 2018!


Join #LaunchHour TwitterChat on May 16th at Noon to Learn How Your Startup Can Grow Globally


This month we are partnering with World Trade Center (WTC) Buffalo Niagara to celebrate World Trade Month and help startups better understand how they can grow their business through international trade. Join us with our panel of experts, including Craig Turner (WTC Buffalo Niagara), Oscar Pedroso (Thimble), and others! Read last month’s TwitterChat Tips on food startups below.
May 16, 2018

#LaunchHour TwitterChat: Going Global: Grow Your Company through International Trade
12:00 – 1:00 PM


May 15, 2018
Fast Track to Business Startup
9:00 AM – 4:30 PM
Syracuse, NY


May 21, 2018
The Essentials for Starting a Small Business
8:00 AM – 5:00 PM
Syracuse, NY

 

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Startup Spotlight
Buffalo Bommerangers Bringing Fine Wine to Everyone


OpenBottle, a mobile application company, is using their patented reserve-a-glass technology to let restaurants make bottles of high-end wine available for customers to pre-purchase by the glass. Restaurants are able to move an expensive bottle from its inventory, while the consumer enjoys a glass of high-quality wine at a fraction of the price of a full bottle. Co-founders Dan Roycroft and Scott Steffan, who recently returned to Buffalo, were inspired to launch their own business by the recent boom in the Buffalo startup scene. “The Launch NY program has been so helpful to OpenBottle on our startup journey. Having the one-on-one guidance from our experienced Entrepreneur-in-Residence, Al Culliton, to help navigate through our launch and fund raising phase has been critical. Resources like this are priceless,” states co-founder, Dan Roycroft. Read more about OpenBottle in UpstartNY.org.


For All Things Entrepreneurship in WNY Get UpstartNY



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#LaunchHour TwitterChat Tips Launch NY Resources
LaunchHour TwitterChats are monthly virtual chats featuring important topics for startups and entrepreneurs. Join us monthly to hear from industry experts on our panel. If you missed us you can view our past TwitterChats in our archive and checkout some great tips from previous months below and be sure to join us this Wednesday, May 16th at noon for our next #LaunchHour TwitterChat.

April 18, 2018
Recipe for Success: How to Make Your Food Startup a Success
View the whole chat on Wakelet.

Q4. What does it mean to be a high-growth food company?

  • George Zheng (@qgzheng & @EmpireMedicinal) – If you have a vision that requires venture capital (VC) money, then be ready to show fast sales growth. No matter what your position is, it comes down to sales, and velocity of sales.
  • Eric Gricus (@Eric80027) – A high-growth food company is challenging thing to accomplish. Step one is customers, customers, customers.
  • Ande Lyons (@AndeLyons) – It means you scale your business nationally, into all channels of distribution, and have the capability to meet high volume orders.

Q5. How are food startups able to disrupt the industry?

  • Mike Annunziata (@nunzi46 & @fartherfarms) – Food startups disrupt the industry with their fresh take on current trends and their agility in adapting to consumer needs and preferences. The latter becomes harder to maintain as a company grows, but innovation should be in a startup’s DNA.
  • Michele Liddle (@perfectgranola) – Brands are able to disrupt the market because people are losing trust in the big brands. People are searching for healthy and clean labels. Consumers can really get behind new brands that are innovative and serve a greater purpose than just profits.
  • George Zheng (@qgzheng & @EmpireMedicinal) – Traditional consumer packaged goods (CPGs) are in decline; 1) Heavy marketing & not enough R&D, 2) succumbed to Goliath syndrome and unable to innovate = losing touch w/ customers. The next decade is a golden era for food/CPG startups. 21st century customers will have different needs than previous
View the whole chat on Wakelet.
Join us for our next #LaunchHour TwitterChat, May 16, 2018 for Going Global: Grow Your Company through International Trade!

 

 

Upstate NY Resource Network
 Check it out here >


Upstate NY Rainforest Canvas Study
 Check it out here >


5 Business Stages – Where are you?

Each stage contains critical deliverables for moving forward. Starting with the Explore stage, see where you are on the path to success.
 Find out here >


Entrepreneur Toolkit 
The toolkit is a set of templates and links designed to help start, launch and grow your business in upstate New York.
 Check it out here >


Is Launch NY a fit for you?
Launch NY provides entrepreneurs experienced mentoring using best practice processes and connections to specialized resources both in and beyond the Upstate NY ecosystem.Thus preparing you to compete for and win the funding and additional resources needed to move forward.  Apply Now! >

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Meet LNY Entrepreneur-in-Residence (EIR)
Mike Bovalino
 

Mike is an experienced and successful senior executive with diversified experience. Mike has been the President and CEO of six different companies including both publicly traded and privately owned businesses, including Niagara Mohawk, Rochester Gas & Electric, and medical device manufacturer BioSpherix. Mike’s industry experience includes telecommunications/utilities, medical devices, real estate, and consumer goods. He has an extensive background in creating new markets and companies, gaining market share in highly competitive environments, building effective customer and employee relationships, mergers and acquisitions, and implementing processes for change and growth.

Read more about Mike and our other EIRs on our website.
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