Troy Innovation Garage is an entrepreneurial ecosystem that includes co-working space, studio space, and private offices. The 14,000 square foot building is being anchored by Gramercy Communications, we will occupy 4,000 square feet. The Garage will have 75 co-working seats, 12 private suites that can accommodate companies of 1-5 people, as well as the Gramercy office. There are a variety of meeting and conference rooms available to members.
There will be two studios in the space aimed at specific sectors of the creative economy. A multimedia studio will include a green screen, sound booth and access to lighting and camera equipment. The other studio will be a software and video game development studio, an environment geared toward startups that need access to space, student population, as well as for training and coding academies. We have had high level conversations with a few local colleges to discuss plans for moving forward with the software and video game development studio.
The Spark Exchange is a creative incubator program that is a non-profit entity with the mission of giving start-up businesses in the creative economy the tools they need to succeed, and to accelerate the growth of the creative industry, which accounts for $850 million in wages in the Capital Region. The Spark Exchange Incubator Program is designed to give support and guidance to six to 10 of the most promising seed level, start-up enterprises in the region each year.