A pioneer in the material handling industry is giving a lift to fledgling startups.

Raymond Corporation, the inventor of the forklift, donated a Model 8210 walkie pallet truck to the Koffman Southern Tier Incubator which opened in April in downtown Binghamton.

The incubator partners with Binghamton University and SUNY Broome to provide entrepreneurs with space and other assistance to start their businesses.

With the ability to handle loads up to 4,500 pounds and a market value of $4,000, the truck will help the startups to move product and equipment in and out.

“This area has always been rich from a startup perspective. When you look at our long history in manufacturing, and it is wonderful to see us fostering that type of development again,” said Raymond Corporation Product Manager for Pallet Trucks and Stackers Sue Rice

For example, the sports nutrition company Powder Partner needs the pallet truck for its deliveries.

A representative from Pengate Handling Systems of Syracuse came to the incubator to provide some training on how to properly use the lift.