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ADVANCE SARATOGA STARTUP PROJECT FORMING TO ACCELERATE ENTREPRENEURIAL BUSINESS GROWTH IN SARATOGA & BEYOND

SEDC Assembles Prominent Local Business & Community Leaders to Support Entrepreneurs & Early Stage Project Companies

Saratoga Springs, NY — Following through on a key element of its 2016 Advance Saratoga priorities, Saratoga Economic Development Corporation (SEDC) announced its initial Advance Saratoga Startup Advisory Team to mentor early stage businesses. It supports SEDC’s mission to promote, retain and grow talent, investment and job opportunities. Local entrepreneur networks like Sharatoga Tech Talks and similar regional tech exec meet ups revealed a desire among Saratoga area entrepreneurs for access to professional expertise to help overcome challenges to business growth.

“Talent begets talent,” said Dennis Brobston, President of SEDC. “Inspiring, mentoring and accelerating growth companies to do business here will be enhanced by facilitating access to the world-class talent and reach of our member investors and other area experts. A byproduct of our successful record of economic growth has been Saratoga being an even more desirable area to live, work and play. Now we need to listen to and support area entrepreneurs while attracting more innovators so the next generation of opportunities happen here.”

Clarkson University’s Shipley Center for Innovation operates six business incubators and will provide support services to new entrepreneurs and early stage project teams and companies for the Advance Saratoga Startup Platform. The SEDC Advisory Team network, in conjunction with the Shipley Center leadership, will facilitate consultation with entrepreneurs to help them through growth challenges to be better prepared for the marketplace and to explore pathways to business expansion or investment.

“Our experience shows that inspiring more interested entrepreneurs to evaluate their business concepts reveals strategic vision and desirable capabilities to drive projects forward,” said Matt Draper, Executive Director of the Shipley Center at Clarkson University. “One of the most rewarding elements of serving entrepreneurs is helping early stage project teams recognize how to think about their business opportunity, to prepare for relevant help, and to benefit from pursuing ideas that didn’t work. We have to remove the scarlet letter of failure. The experience of pursuing your own business with support of others who have struggled through it helps a region recycle incredible talent back into its workforce. That’s been a hallmark of Silicon Valley’s success. We are excited to support SEDC and the broader community to realize these benefits for new and existing business teams.”

“We’re thankful to SEDC for making this happen and we’re excited about being involved! Those of us who have been through the start-up peaks and valleys know how important access to experienced support networks can be to our success” said Brian Corrigan, Founder of MadGlory. The team at MadGlory has been creating game services since the first console game came online. And for over fifteen years, they have launch experience on almost every major gaming console, PC, and mobile device.

SEDC will work through area entrepreneur networks and student organizations in the coming weeks to develop an official name for the initiative. The Advance Saratoga Startup Platform was shaped over the course of 2016, culminating in an initial teaming agreement with Clarkson’s Shipley Center. With the announcement of the professional Advance Saratoga Startup Advisory Team, SEDC is taking its next step toward launching its initial virtual platform to grow new businesses. Stay tuned for the official premier of its web-based portal and acceptance of entrepreneur applicants in March 2017.

Following are the initial members of the Advance Saratoga Startup Advisory Team. Interested mentors should contact Ryan Van Amburgh (rvanamburgh@saratogaedc.com).

  • Jeff Schwartz, Partner, Phillips Lytle
  • Christopher Thompson, Founder, WorkOrder.es
  • Brian Corrigan, Founder, MadGlory
  • Clarke Foley, Director. of Operations, MadGlory
  • Michael Relyea, Managing Partner, Amanus Group Consulting
  • Jason Kuruzovich, Director of the Severino Center for Technological Entrepreneurship and Associate Professor of Business Analytics, RPI
  • Angela Beddoe, Publisher & Editor-in-Chief, HerLife Magazine & Partner, G-Force Consulting
  • Bill Teator, Managing Partner, G-Force Consulting
  • Beth Moeller, President, Interactive Media Consulting, LLC
  • Nasir Ali, Co-Founder & CEO, Upstate Venture Connect
  • John Cococcia, Vice President, Strategic Marketing and Investor Relations, Plug Power & Venture Partner, Armory Square Ventures
  • Mary Ellen O’Loughlin, Regional Project Director, Regional Alliance for a Creative Economy
  • Dr. Kenneth Rotondo, President, Mind Genomics Advisors
  • Matthew Draper, Executive Director, Shipley Center for Innovation, Clarkson University
  • Richard Ferguson, Senior Vice President & Corporate Secretary, Saratoga National Bank & Trust Company
  • Joseph P. Dragone, Ph.D., Superintendent of Schools, Ballston Spa Central School District
  • Scott Erickson, CEO, Manufaktur
  • Thomas Niles, First Vice President/Wealth Management, Janney Montgomery Scott LLC
  • Colin and Christel MacLean, Founders, Curved Line Living and Saratoga Juice Bar LLC
  • Kristine Duffy, Ed.D., President, SUNY Adirondack
  • John Jablonski, Vice President for Academic Affairs, SUNY Adirondack
  • Catherine Hill, F. William Harder Chair of Management and Business, Skidmore College
  • Matthew Scarchilli, CEO/Owner, Sandler Training

 

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About Saratoga Economic Development Corporation (SEDC)
SEDC is a fully private investor led, non-profit consulting firm established in 1978 that works to retain existing businesses, while stimulating new investment to create more jobs in Saratoga County and the Capital Region of New York. SEDC is the premier economic development agency in Saratoga County and its mission is to create jobs, diversify the tax base and improve the quality of life for residents. SEDC accomplishes this through the retention of existing business, attraction of new industry, and improvement of overall competitiveness. For nearly four decades SEDC has been instrumental and continues to work with over 300 employers like Ball Metal Container, QUAD/Graphics, State Farm Insurance, Target and Ace Hardware distribution warehouses and the development of the Luther Forest Technology Campus (LFTC) which lead to the attraction of GlobalFoundries. In its history, SEDC has worked to bring over 17,500 jobs to Saratoga County and over $14 billion in capital investment. Just in 2016 alone, SEDC has helped stimulate over $50M in new investment creating over 426 jobs, retaining 201 jobs and generating over $23 million in local employee wages per year.