More commonly known as the ITC, the Innovative Technologies Complex is a new development intended to advance venture capital research in both the support of the university's activities and that of the local high-technology industry. Currently the complex includes four buildings: the Biotechnology Building, formerly belonging to NYSEG and now extensively renovated; the Engineering and Science Building, opened in 2011; the Center of Excellence Building, which houses the Small Scale Systems Integration and Packaging Center, a New York State Center of Excellence, opened in 2014; and the Smart Energy Building that houses the chemistry and physics departments, opened in 2017. Early talks indicated plans for a six-building complex at its completion.[34]