Week in Review: October 19 – October 23, 2020
Stay up-to-date on business and economic development happenings in the Capital Region with the CEG Economic Development Week in Review. Don’t miss out on the developments that are transforming the region by following us on:
CEG IN THE NEWS
WNYT: Capital Region scientists on a roll with patents, inventions
News 10: Capital Region a favored area for professionals relocating from NYC
News 10: Warren County EDC plans to attract downstate transplants working remotely
Glens Falls Business Journal: Some Parts Of Region’s Job Sector Slowly Rebounding Despite COVID-19
Greenwich Time: Semiconductor innovation continues to drive Capital Region economy
Troy Record: Capital Region inventors listed on 1,400+ semiconductor device patents
Saratogian: Capital Region inventors listed on 1,400+ semiconductor device patents
Four Ithaca Firms Among Finalists in Fuzehub’s Commercialization Competition
Times Union: CEG hires Katie Newcombe under new chamber affiliation
Troy Record: Capital Region poised to play important manufacturing role for OSW components
Houston Chronicle: CEG hires Katie Newcombe under new chamber affiliation
Saratogian: Capital Region poised to play important manufacturing role for OSW components
REGIONAL ECONOMIC DEVELOPMENT NEWS
Troy firm among 14 finalists in $300,000 FuzeHub competition
“InSitu Composites of Troy is one of 14 finalists from across the state in the $300,000 FuzeHub 2020 Commercialization Competition. FuzeHub is an Albany nonprofit that helps small- and medium-sized manufacturers with funding and technical assistance.
The finalists will compete virtually on Nov. 18 and Nov. 19 when six of the 14 finalists will be awarded $50,000 each to fund the development of their working prototypes. InSitu is working on a process to infuse melted thermoplastic into carbon fibers for 3D printed materials.”
GE Research developing new MRI tech to detect brain injuries
“General Electric Co., in partnership with the Department of Defense, is developing a new, more advanced magnetic resonance imaging, or MRI, machine that can better detect mild brain injuries.
The Defense Department is providing a $5.6 million grant to fund the research and development project, which GE is doing in partnership with the Uniformed Services University, a research and health sciences university run by the federal government.”
How Vicarious Visions is helping build a pipeline of video game design talent
“Steve Derrick of video game development studio Vicarious Visions is among a group of professionals that’s working to help prepare the next generation of STEM professionals in the Albany region.
Derrick, director of organizational development for Vicarious Visions, has led a group of staff for the past two summers helping six teachers from East Greenbush, Schodack and Averill Park Central school districts develop basic video game design curriculum.”
Adirondack Winery In Lake George Will Move Ahead With Expansion Despite Delays
“Adirondack Winery continues to move forward with expansion plans in Queensbury.
‘The experience we’ve had throughout the pandemic has been surprising,’ said owner Sasha Pardy.
‘We’ve definitely been fortunate. People have enjoyed wine. So while we’ve experienced the 50 percent capacity limitations in our tasting room, we’ve been able to supplement that with our shipping and wholesale sales. We opened up tastings at our Queensbury location as well. We’ve been able to spread out our lines.’”
ReVivo Medical preparing device for $2.5B market
“The startup ReVivo Medical is preparing for possible clinical trials in 2021 following nine years of work.
The company, which is based in the Albany Medical Center Biomedical Acceleration and Commercialization Center, makes two titanium alloy implants that are used together to hold vertebrae in place following spinal surgeries.”
Warbler Brewing plans November opening in Delmar
“Chris Schell has spent the majority of his adult life brewing beer at spots across the Northeast, but now he’s returning to his hometown of Bethlehem to open his own brewery.
‘I was outgrowing that model and I wanted to strike out on my own,’ Schell said.”
Albany small businesses receive $500,000 in Covid relief grants
“More than $500,000 in Covid-19 relief grants have been distributed to small businesses in the city of Albany through the Small Business Adaptation Program.
Sixty percent of the grants went to disadvantaged enterprises, a category that includes minority-, women- and veteran-owned businesses. Overall, two-thirds of the grants supported restaurants and other arts and cultural businesses, which have been hit especially hard in the pandemic.”
Albany Med research aims to predict severe COVID-19 patients
“Albany Medical Center scientists have helped identify more than 200 molecular features that closely correlate with how severely a COVID-19 patient experiences the disease.
The research, conducted in collaboration with the University of Wisconsin-Madison and the Morgridge Institute for Research, was published online this month in the journal Cell Systems. Researchers say it has the potential to help predict the severity of a person’s infection and allow doctors to better triage them for care — no small feat in a pandemic that continues to overwhelm hospital systems worldwide.”
RPI researcher uses simple formula for chemical reactions to predict COVID-19 trajectory
“A scientist at Rensselaer Polytechnic Institute has created a coronavirus transmission model inspired by one he uses to predict chemical reactions to help the Centers for Disease Control and Prevention forecast COVID-19 deaths across the country.
Developed by Yunfeng Shi, an associate professor of materials science and engineering at Rensselaer, and Jeff Ban, a professor of civil engineering at the University of Washington, the model uses fatality data collected by Johns Hopkins University and mobility data collected by Google to predict disease spread based on how much a population is moving within its community.”
