BINGHAMTON, N.Y. — The Koffman Southern Tier Incubator in Binghamton will use $100,000 from Broome County to help three local startups that are incubator member companies. The allocation of funding for the firms includes $50,000 for Agri-Trak, $30,000 for LiBama, and $20,000 for Hub Controls. The incubator describes the funding as an “equity investment.” The […]
BINGHAMTON, N.Y. — The Koffman Southern Tier Incubator in Binghamton will use $100,000 from Broome County to help three local startups that are incubator member companies.
The allocation of funding for the firms includes $50,000 for Agri-Trak, $30,000 for LiBama, and $20,000 for Hub Controls. The incubator describes the funding as an “equity investment.”
The money is part of Broome County’s “strategic efforts to foster entrepreneurship and boost the regional economy,” per the Wednesday announcement.
“Broome County is proud to collaborate with the Koffman Southern Tier Incubator to provide critical funding and support for these emerging startups” Broome County Executive Jason Garnar said in the news release. “By investing in these businesses, we are investing in the future of Broome County’s economy and ensuring long-term growth and job creation.”
Agri-Trak, which specializes in farm-management software, helps farmers streamline operations and make data-driven decisions.
LiBama, which specializes in battery-management systems for electric vehicles, focuses on improving battery performance and energy efficiency.
Hub Controls, a firm that works on smart home energy management, is developing solutions to reduce energy consumption in households.
