Baird Research Park is what is known as an incubator site. It is a cooperative effort between the UB Business Alliance and the Western New York Technology Development Center. Its purpose is to improve the success rate of startup technology companies. Since its inception in 1988, the program has helped create more than 1,000 new jobs through partnerships with 63 companies that graduated from the incubator and 32 current tenants with annual revenues of $60 million. The program is run by UB's Office of Science, Technology Transfer and Economic Outreach (STOR). The University leases space in the facility.