State launches $32 million innovation hub for new Buffalo Niagara startups, includes $13.5M fund
For years, one of the big voids in the Buffalo Niagara economy has been its dearth of entrepreneurs willing to take a chance that could turn a good idea into a thriving business. Now, the state is putting up $32 million over five years to provide funding for those entrepreneurs and give them the work […]
UB-affiliated artificial intelligence startup raises $900,000 in seed round to advance driverless boat technology
Buffalo Automation, an artificial intelligence (AI) startup that is developing technology for self-navigating boats, has secured $900,000 in seed funding from investors — significantly more than the $700,000 the company set out to raise early this year. The investments will enable the company to expand pilots of its innovative product — a system called AutoMate that […]
Long Island tech startups use $1M in funding to attract $24M in venture capital
Two Long Island investment funds took a chance in 2014-15 on 10 technology startups, giving them a total of $1 million. Since then, the startups have raised $24 million from venture capitalists, government agencies and other businesses. That ability to attract capital is an encouraging sign that companies can be built from inventions created at […]
[COA Member] Binghamton U Accelerator program offers assistance for budding entrepreneurs
This number has the potential to grow through the incubator’s Accelerator Program, which allows aspiring entrepreneurs from Binghamton University and the community to receive guidance getting their new businesses off the ground. The Accelerator Program is a three-monthlong program designed to help those interested in launching their own companies — first, to assess the marketability […]
Two University of Buffalo startups win $50,000 in FuzeHub commercialization competition
Two University at Buffalo startups have each won $50,000 in a statewide commercialization competition organized by FuzeHub, a nonprofit organization responsible for assisting small- to medium-sized manufacturing companies in New York State. Ferric Contrast Inc. founded by UB chemistry professor Janet Morrow, and NanoHydroChem LLC, co-founded by UB chemical and biological engineering PhD candidate Parham […]
RIT Venture Creations companies will compete for $1 million accelerator grand prize
Two companies at Rochester Institute of Technology’s Venture Creations incubator were selected to compete for the $1 million grand prize in the New York state-funded Luminate NY accelerator program. The companies, Positive Science and Molecular Glasses, will join eight others for a six-month accelerator program at High Tech Rochester’s incubator space in downtown Rochester. Each […]
University of Buffalo awarded $10 million grant to drive industry partnerships and innovation
The University at Buffalo received a 10-year, $10 million Center for Advanced Technology (UB CAT) in Big Data and Health Sciences designation from Empire State Development’s Division of Science, Technology & Innovation (NYSTAR). The state granted only one such designation. UB CAT, part of UB’s Office of Business and Entrepreneur Partnerships, provides support to enable […]
Stone fabrication company joins Binghamton University Start-Up initiative
Add a Johnson City stone fabrication company to the roster of Start-Up NY companies collaborating with Binghamton University. Oasis Stone Scapes is the newest entrant in a state program designed to assist fledgling businesses with a series of tax breaks and assistance from the local academic community, paving the way for growth into a thriving enterprise. “We’re just getting […]
Wireless technology draws SUNY, Research Foundation investment
SUNY Oswego recently received notice of an award from the SUNY Technology Accelerator Fund (TAF) to advance the commercial readiness of a novel device that will enable fast and secure transfer of wireless data. Jointly funded by the State University of New York and the Research Foundation for SUNY, the TAF investment targets critical research […]
Pharmacy professor receives SUNY funding to spur research commercialization
A new technology led by UB faculty member Sathy Balu-Iyer that has the potential to treat autoimmune diseases and improve the success of gene therapy is one of four SUNY research projects that recently received investments from the SUNY Technology Accelerator Fund (TAF). Funded jointly by SUNY and the SUNY Research Foundation, TAF helps faculty […]