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Empire State Development Announces Weill Cornell Medicine And University At Albany As Recipients Of New York Global Entrepreneurs Program Grants

Global Entrepreneurship program

Overview

Empire State Development (ESD) announced Weill Cornell Medicine and the University at Albany as the inaugural grant recipients for the New York Global Entrepreneurs Program (NYGEP). Administered by ESD’s Division of Science, Technology & Innovation (NYSTAR), the program aims to attract and retain the most promising international founders launching innovative startups in New York instead of taking their skills and knowledge elsewhere due to limitations on visa availability. Through the NYGEP, selected institutions will establish or expand Global Entrepreneurs in Residence (GEIR) Programs.

In This Article

The NYGEP awardees are:

Weill Cornell Medicine (New York City): This award establishes a premier GEIR program to anchor international talent within the state’s life sciences ecosystem. By providing visa support and access to Weill Cornell Medicine’s world-class clinical infrastructure and “BioVenture eLab,” an essential component of Weill Cornell Medicine Enterprise Innovation. Enterprise Innovation translates Weill Cornell discoveries into patient impact through entrepreneurial education for faculty and trainees, sourcing collaboration and investment, technology licensing and commercialization, and startup launches. The GEIR program will accelerate the commercialization of breakthrough technologies in therapeutics, medical devices, and digital health. Weill Cornell Medicine features a high-functioning entrepreneurship infrastructure and a highly sophisticated, compliant plan for H-1B cap-exempt sponsorship.

University at Albany (Capital Region): This award expands the Research and Innovators Startup Exchange (RISE) to create a robust, long-term pathway for retaining international entrepreneurs within the New York innovation corridor. The program provides a structured framework that allows founders to transition from academic research to the leadership of high-growth companies in critical sectors such as artificial intelligence, semiconductors, and nanotechnology. By integrating NYGEP into its RISE Fellowship, UAlbany provides a clear pathway for identifying top talent while leveraging the resources of existing NYSTAR assets, such as the SUNY Research Foundation, to expand its impact across the Capital Region.

The Big Picture

The New York Global Entrepreneurs Program ensures that talented international founders have the support and visa pathways needed to build and scale their cutting-edge companies right here in the Empire State.

– Hope Knight, ESD President, CEO & Commissioner

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