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Emerging Technology and Entrepreneurship Complex Planned In Albany, New York

University at Albany, New York, will redevelop 12 acres in the southwest corner of the Harriman Campus to construct a new 236,000 square foot Emerging Technology and Entrepreneurship Complex.

When fully occupied, the complex will become an active hub of research, instruction and business development, with some 1,000 daily occupants including faculty, researchers, industry partners, and students. Site planning is underway and construction is expected to begin in 2017, with completion targeted for 2020.

"This new complex will help keep New York on the cutting edge of technological innovation, as well as help ensure we are prepared for emerging threats, such as extreme weather and terrorism that are increasingly becoming the new normal," Gov. Andrew Cuomo said. "By bringing academia and the business sector together, we are enabling the industries vital to our preparedness effort to grow and thrive right here in New York."

The $184 million project will be financed through $92 million in previously appropriated State capital funds grants as well as $92 million in previously appropriated Campus-funds. It is anticipated that 1,600 construction jobs will be created by the project.

Along with the College of Emergency, Homeland Security, and Cybersecurity and the New York State Mesonet, the Emerging Technology and Entrepreneurship Complex will house: the Office of Innovation and Commercialization Services, the University's Technology Transfer Office that accelerates new patents and licenses, the Office of Business Development and Economic Partnerships that supports START-UP NY, and Albany’s Small Business Development Center. Innovate 518, the NYSTAR-designated Innovation Hot Spot will also be located at the complex and provide business incubation services.

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