FREDONIA - The SUNY Fredonia Technology Incubator has graduated its first tenant since opening its new facility in December 2009. TexTivia, an innovative digital and social media marketing agency, was founded at the incubator. It later expanded, opening two additional offices on the East Coast.
Upon graduation, TexTivia will relocate into nearby office space within the Dunkirk Professional Building, 314 Central Ave., Suite 303.
One of the new incubator building's original tenants, TexTivia has since captured a tremendous number of new customers, generating a 10-fold increase in revenue last year. The company works closely with the Chautauqua County Chamber of Commerce and several other community organizations which have opened countless business opportunities. TexTivia recently designed the incubator's new website as well.
"A large factor in the progress TexTivia has made is owed to the SUNY Fredonia Technology Incubator," said co-founder Ray Christopher. "Relocating to the Dunkirk Professional Building is an exciting opportunity to help create a synergy between the incubator and the Dunkirk community."
The incubator offers its client entrepreneurs access to a unique facility, business resources, technology expertise as well as a range of highly qualified faculty, technology experts, business professionals and mentors. Research shows businesses graduating from an incubator significantly increase their probability of long-term success. Companies typically spend two to three years in an incubator and then graduate when they meet milestones that allow them to operate independently and expand.
"TexTivia has made a tremendous amount of progress in such a short time," said Robert Fritzinger, incubator director. "It's encouraging to see our first incubator graduate expanding within the Dunkirk community."
The SUNY Fredonia Technology Incubator is a SUNY Fredonia-sponsored economic development initiative that supports entrepreneurs and business start-ups in the technology sector and related industries. Since its official opening in December 2009, it remains ahead of its initial growth projections and, with TexTivia's departure, now houses 15 start-up companies.