Accelerate518 (A518) is a consortium of stakeholders nestled in the heart of our State—New York’s Capital Region. The Capital Region encompasses four counties: Albany, Schenectady, Rensselaer and Saratoga. The synergy of these four counties is the catalyst for invention and innovation.
The Capital Region has a rich history of incubating and growing multinational corporations, including: New York Central Railroad,[i] American Express,[ii] Cap Cities,[iii] General Electric,[iv] American Locomotive Company,[v] Albany International,[vi] International Paper,[vii] and Albany Molecular Research.[viii]
Accelerate518 is a platform to facilitate multiple groups working together to advance entrepreneurship and innovation in the Capital Region. The goals of A518 include fostering active collaboration among educators and stakeholders, providing practical resources for entrepreneurs, sharing resources for education and training, and developing a network of individuals committed to invigorating the startup culture of the Capital Region. We have aligned our interests to help the regional entrepreneurial ecosystem grow companies and create sustainable jobs.
Initial core members of A518 include: CEG, Albany Medical College, Albany Law School, Hudson Valley Community College, RPI, Sage Colleges, Siena College, Skidmore College, Union College, and University at Albany.
[i] Anderson, E., “For a glimpse of the future, backtrack, New talk of high-speed passenger rail brings to mind region’s heyday”, Albany Times Union, June 17, 2010. http://www.timesunion.com/news/article/For-a-glimpse-of-the-future-backtrack-561560.php.
[ii] HBS Article, “Thomas “Tom” Murphy (Capital Cities/ABC)”, Harvard Business School, 2015. http://www.hbs.edu/entrepreneurs/pdf/tommurphy.pdf.
[iii] DiEugenio, J., “Capital Cities Before it Bought ABC”, 2015. http://www.ctka.net/pre_abc.html.
[iv] General Electric Press, “The General Electric Company”, Schenectady Electrical Handbook by the American Institute of Electrical Engineers, Schenectady, NY, pp. 9-12, 1904. http://www.schenectadyhistory.org/resources/seh/ge.html.
[v] See Anderson in fn1.
[vi] Albany International, “Albany International Corporation – About Us”, 2015. http://www.albint.com/en-us/company/Pages/history.aspx.
[vii] Forest History Today, “A Short History of International Paper”, 1998. http://www.foresthistory.org/publications/FHT/FHT1998/IP.pdf.
[viii] Albany Molecular Research Incorporated, “Albany Molecular to expand Albany facility”, December 1997. http://www.bizjournals.com/albany/stories/1997/12/29/daily14.html.