Koffman Incubator member firms created nearly 200 jobs last year

BINGHAMTON — The 2025 Year in Review report from the Koffman Southern Tier Incubator in Binghamton indicates member companies created 199 new jobs last year. The Koffman Incubator on Jan. 8 released the report, which reflects annual metrics reported from member firms. The Koffman Southern Tier Incubator is part of Binghamton University. The Year in Review report also indicates that Koffman Incubator members have generated an $817 million impact since 2017, created more than 800 jobs, and raised $655 million in capital in the period. The incubator supports early-stage and growth-oriented companies across the Southern Tier through business and clean-energy incubator programs, accelerators, mentorship, and workforce-aligned training. The Koffman Incubator currently supports 65 member companies, with 46 firms having graduated from its programs since its launch in 2017. The incubator also houses 24 co-working tenants, providing shared workspace for entrepreneurs and startups. “The economic impact reflected in this report goes far beyond the numbers,” Bandhana Katoch, executive director of the Koffman Southern Tier Incubator, said in the announcement. “What we’re seeing is sustained, long-term company growth that translates directly into jobs, investment and innovation here in the Southern Tier. Our focus is on building companies that stay, scale and contribute meaningfully to the region’s economy.” The Koffman Incubator views its clean-energy incubator program as a “major contributor” to its growth. The program supports 43 startups developing clean-energy and climate-technology products. It provides access to expert mentorship, industry networks and advanced laboratory facilities to help founders commercialize new technologies. It also supports clean-energy companies that include Bridge Green Upcycle, which is developing a process to extract critical minerals from end-of-life batteries; and KLAW Industries, which manufactures a recycled-glass concrete additive that reduces carbon emissions and removes carbon dioxide during production. In addition, Carbonix, an international battery-materials company, has entered the U.S. market through the Koffman’s Soft Landing New York program and plans to establish production near Binghamton as its customer base expands. The organization’s business-incubator program supports 22 early-stage companies across sectors including software, health care, food/agriculture, and e-commerce. Members receive one-on-one mentorship, access to technical resources, and guidance on funding and commercialization.