Rev Ithaca
Rev Ithaca is a non-profit business incubator and co-working facility in Ithaca, NY, operated by Cornell's Center for Regional Economic Advancement, serving early-stage hardware and physical-product startups through prototyping, protofacturing, and manufacturing accelerator programs with university and government funding.
- Company typePrivate
- Founded2014
- HeadquartersIthaca, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Rev Ithaca does
Rev: Ithaca Startup Works is a non-profit business incubator and co-working facility headquartered at 314 East State Street in Ithaca, NY, founded in 2014 as a partnership between Cornell University, Ithaca College, and Tompkins Cortland Community College. The organization is administered by Cornell's Center for Regional Economic Advancement (CREA) and serves early-stage hardware and physical-product startups through three sequential accelerator programs — the Prototyping Hardware Accelerator (a free 10-week summer program offering up to $2,000 in prototype funding), the Protofacturing Hardware Accelerator (a virtual program for proof-of-concept-to-manufacturing transition), and the Manufacturing Hardware Accelerator (a 10-month cohort delivered with Cornell College of Engineering and U.S. EDA Build to Scale grant funding). Specialized tracks span Classic, ClimateTech, AgTech, and MedTech (the latter in partnership with Cornell Biomedical Engineering and Weill Cornell Medicine).
The core technology is a purpose-built prototyping lab with hardware prototyping machinery enabling physical product development from ideation through proof-of-concept, supplemented by state-of-the-art co-working space and an active events program. Rev's revenue model is a hybrid of non-dilutive capital — U.S. Economic Development Administration and NYSERDA grants, Cornell university allocation, and corporate sponsorships from SOLIDWORKS, Autodesk, Cypress Creek Renewables, and SimuTech Group — alongside membership fees for co-working access. Programs are application-based and free to participants, removing price as a barrier for student, university researcher, and unaffiliated entrepreneurs. Cumulative impact metrics reported by Rev include 1,146 jobs created, $309M capital raised, and $175M revenue generated by member startups since 2014, with hardware program alumni having raised $26.6M in venture capital. The customer base is a long tail of early-stage startups across diverse verticals including clean energy, maternal health, agriculture technology, biotechnology, and geospatial analytics.
Rev Ithaca firmographics
Firmographics- Name
- Rev Ithaca
- Legal name
- Rev: Ithaca Startup Works
- Website
- https://revithaca.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Rev Ithaca is a non-profit business incubator and co-working facility in Ithaca, NY, operated by Cornell's Center for Regional Economic Advancement, serving early-stage hardware and physical-product startups through prototyping, protofacturing, and manufacturing accelerator programs with university and government funding.
- Ownership category
- akta.pro rank
Rev Ithaca industry classification
Industry- Product category
- Startup Incubation and Accelerator Services
- NAICS
- Educational Support Services (61171), Educational Support Services (611710)
- SIC
- Services-Membership Organizations (8600)
- akta.pro primary industry
- Makerspaces & Fab Labs (Open Build Studios) (EDAMADAC)
- akta.pro secondary industries
- Apprenticeships, Internships & Work-Based Learning Programs (BPACANAK), Internship/Apprenticeship Matching & Work-Based Learning Platforms (EDAFAMAL)
Keywords
Where Rev Ithaca is headquartered
LocationHeadquarters
- HQ city
- Ithaca
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Rev Ithaca business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Government/EDA Funding: Funding from U.S. Economic Development Administration and NYSERDA for clean energy programs
- University Funding: Funding from Cornell University and partnerships with Cornell College of Engineering for manufacturing accelerator
- Sponsorships: Corporate sponsors including SOLIDWORKS, Autodesk, Cypress Creek Renewables, SimuTech Group, Cornell Engineering
- Membership Fees: Membership fees for startups using co-working space and incubator resources
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | One-time program | Prototyping Hardware Accelerator - Free 10-week summer program |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Rev Ithaca product offering
Product offeringCore offering
Rev: Ithaca Startup Works is a business incubator and startup workspace in Ithaca, NY that helps entrepreneurs develop and scale physical product companies. It delivers three sequential hardware accelerator programs (Prototyping, Protofacturing, and Manufacturing), provides co-working facilities with shared prototyping equipment, and offers mentorship, networking events, and investor introductions to early-stage startups.
Product overview
Rev: Ithaca Startup Works is a business incubator and startup workspace in Ithaca, NY offering business mentorship, training, and startup resources. The organization operates three distinct hardware accelerator programs: the Prototyping Hardware Accelerator (10-week summer program for physical product development), the Protofacturing Hardware Accelerator (virtual program for prototype-to-manufacturing transition), and the Manufacturing Hardware Accelerator (10-month program for production scale-up). Additionally, the organization provides co-working space, networking events, workshops, and marketing support services to help startups scale and succeed.
Differentiator
Problem solved
Functional benefit
Brands
- Prototyping Hardware Accelerator: A 10-week summer program that guides entrepreneurs through developing physical product concepts from ideation to proof-of-concept
- Protofacturing Hardware Accelerator
- Manufacturing Hardware Accelerator
Products and services
- Prototyping Hardware Accelerator A 10-week summer accelerator program that guides entrepreneurs through developing physical product concepts from ideation to proof-of-concept, offering up to $2,000 in prototype development funding and access to a purpose-built prototyping lab.
- Protofacturing Hardware Accelerator A virtual program supporting physical product startups with proof-of-concept prototypes preparing for initial manufacturing runs, helping refine designs to engineering prototypes and begin manufacturer discussions.
- Manufacturing Hardware Accelerator A 10-month cohort-based program (January to October) offered in partnership with Cornell College of Engineering, supporting hardware startups ready to bring engineering prototypes to production with manufacturing expertise, business mentorship, and investor introductions.
- Co-Working Space and Incubator Services State-of-the-art co-working facility offering entrepreneur mentorship, networking events, workshops, marketing consultations, headshot and product photography, and social media amplification for member startups.
Quantifiable outcome
- 1,146 jobs created by Rev startups since 2014
- +5 more outcomes
Companies that use Rev Ithaca
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles6 records
Rev Ithaca technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Rev Ithaca partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and major.
- Cornell Biomedical EngineeringcorePartners with Rev to offer the MedTech track of the Prototyping Hardware Accelerator, providing specialized mentorship and networking opportunities for medical device startups
- Weill Cornell MedicinecorePartners with Rev and Cornell Biomedical Engineering for the MedTech track of the Prototyping Hardware Accelerator, providing research and medical professional connections
- Cornell UniversitycoreRev was created by a partnership between Cornell University, Ithaca College, and Tompkins Cortland Community College in 2014. Cornell provides the parent organization through CREA (Center for Regional Economic Advancement), and the Manufacturing Hardware Accelerator is offered in partnership with Cornell College of Engineering.
- Ithaca CollegecoreCo-founder of Rev alongside Cornell University and Tompkins Cortland Community College in 2014
- Tompkins Cortland Community CollegecoreCo-founder of Rev alongside Cornell University and Ithaca College in 2014
- Cornell College of EngineeringcorePartner in the Manufacturing Hardware Accelerator, providing significant manufacturing expertise and advice along with access to engineering resources
- SOLIDWORKSmajorProgram supporter providing software and technical support for hardware accelerator participants
- AutodeskmajorProgram supporter providing design software tools for hardware startups
- Southern Tier Startup Alliance (STSA)majorMember organization of business incubators in the Southern Tier region working to promote startups and entrepreneurship resources; Rev is part of this ecosystem
- NextCorpsmajorPartner incubator organization; administers Scale for ClimateTech program in collaboration with SecondMuse
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
Rev Ithaca competitors and assessment
Company assessmentDirect peers
- Bolt (Bolt.io): Bolt is a hardware-focused seed accelerator investing in startups building physical products and connected devices. Direct peer to Rev's hardware accelerators (Prototyping, Protofacturing, Manufacturing) given shared hardware-startup focus, though Bolt operates at a national level rather than anchored to one region.
- Highway1 (PCH): Highway1 was a hardware accelerator from PCH offering mentorship, prototyping resources, and manufacturing introductions to hardware startups. Closely comparable to Rev's three-stage hardware funnel given its hardware-startup specialization and supply chain support model.
- Techstars Hardware Accelerator: Techstars runs accelerators including hardware/connected device programs that combine mentorship, capital, and ecosystem access for early-stage startups. A broad incumbent peer to Rev given the accelerator model, structured cohort programs, and corporate partnership flywheel.
- gener8tor: gener8tor runs multiple accelerator cohorts nationwide with mentor-driven, cohort-based programs for startups. Comparable to Rev's accelerator structure and emphasis on structured mentorship, though gener8tor is not hardware-specialized.
- URBAN-X: URBAN-X is an accelerator for startups building solutions that reimagine city life, with a focus on hardware and product startups. Comparable to Rev as a hardware-leaning cohort-based accelerator with mentor and demo-day structures.
- NextCorps: NextCorps is a Rochester, NY-based startup incubator and accelerator administering programs such as Scale for ClimateTech in collaboration with SecondMuse. Already a partner of Rev in the Southern Tier Startup Alliance, and the most regionally adjacent peer incubator with comparable cohort-based programs.
Broad incumbents
- MassChallenge: MassChallenge is a global nonprofit accelerator with industry-agnostic cohorts supporting early-stage startups through mentorship and programming. Functions as a broader incumbent peer given its nonprofit incubator structure and global footprint, though it does not match Rev's hardware specialization.
- 1871 (Chicago): 1871 is a Chicago-based nonprofit tech hub providing co-working space, programming, and corporate partnerships to member companies. A direct comparable on the co-working/incubator and nonprofit-tech-hub dimensions, though broader in scope than Rev's hardware focus.
Regional players
- Cornell Tech Runway: Cornell Tech Runway is Cornell's NYC-based startup program supporting Cornell-affiliated founders with mentorship and demo days. Directly comparable to Rev given shared Cornell affiliation and university-incubator model, though operating in NYC rather than Ithaca.
Emerging players
- Hardware Massive: Hardware Massive is a community and event platform for hardware startups, OEMs, and suppliers offering conferences and ecosystem connections. Comparable as a hardware-startup ecosystem enabler, but functions more as a content/community player than a hands-on accelerator like Rev.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Rev Ithaca social profiles
Digital presenceRev Ithaca financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rev Ithaca leadership team
Management profileNumber of profiles
Profiles10 records
Rev Ithaca funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rev Ithaca M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rev Ithaca
What does Rev Ithaca do?
Rev: Ithaca Startup Works is a business incubator and startup workspace in Ithaca, NY that helps entrepreneurs develop and scale physical product companies. It delivers three sequential hardware accelerator programs (Prototyping, Protofacturing, and Manufacturing), provides co-working facilities with shared prototyping equipment, and offers mentorship, networking events, and investor introductions to early-stage startups.
Is Rev Ithaca a public or private company?
Rev Ithaca is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Rev Ithaca founded?
Rev Ithaca was founded in 2014. It employs 1 to 10 people.
Where is Rev Ithaca based?
Rev Ithaca is headquartered in Ithaca, United States, in the North America region.
How does Rev Ithaca make money?
Four revenue lines are on record. Government/EDA Funding is the primary driver. The others are university Funding, sponsorships and membership Fees.
Who are Rev Ithaca's main competitors?
Direct peers on record are Bolt (Bolt.io), Highway1 (PCH), Techstars Hardware Accelerator, gener8tor, URBAN-X and NextCorps. Broad incumbents are MassChallenge and 1871 (Chicago). Cornell Tech Runway is listed as a regional player. Hardware Massive is listed as an emerging player.
Does Rev Ithaca have an API?
No public API is recorded for Rev Ithaca.
What industry is Rev Ithaca in?
Rev Ithaca's product category is Startup Incubation and Accelerator Services. Its primary akta.pro industry code is EDAMADAC, Makerspaces & Fab Labs (Open Build Studios), with a secondary code of BPACANAK, Apprenticeships, Internships & Work-Based Learning Programs. Its NAICS code is 61171 and its SIC code is 8600.