BUFFALO, N.Y. -- The University at Buffalo Technology Incubator
has welcomed four new companies and completed improvements that
bring new amenities and state-of-the-art technology to its
entrepreneurs and their employees. A fifth new company will be
moving into the incubator next month.
Planning also is underway for new buildings in the Baird
Research Park on Sweet Home Road in Amherst that is home to the
incubator, according to Woodrow "Woody" Maggard, associate vice
provost in the UB Office of Science, Technology Transfer and
Maggard said the site has been master-planned for three
additional buildings, including one that will extend off of the
current building. "We anticipate that within the next 1-2 years
we'll break ground for new buildings," he added.
Plans also are underway for placing incubators at the Buffalo
Niagara Medical Campus in downtown Buffalo and on the UB South
(Main Street) Campus, he said, although no timetable has been
"By incubator standards, we are at capacity," Maggard noted.
"Our occupancy is close to 100 percent, but we have left some space
open for future growth of our current members. Small companies can
grow very rapidly and we need to be flexible enough to accommodate
The incubator is home to 18 companies, including an affiliate
company that has the home base for its U.S. operations there. The
newest members include:
-- GBNow, LLC, which opened its headquarters in the incubator in
July, has satellite/sales offices in Rochester and New York City.
The company offers a Web-based software technology platform
designed to assist businesses in competing for contracts and grants
from the federal government.
-- GeneObUSA, Inc., joined the incubator as an affiliate member
in September. GeneObUSA and its sister Canadian company, GeneOb,
are involved in public-health genomics for obesity and conduct DNA
testing and target drug discovery.
-- Lynx Technologies, Inc., and Absolute Energy, Inc., owned by
the same entrepreneur, joined the incubator in August. Lynx
provides server-room hardware and systems integrations services,
while Absolute Energy provides energy purchasing and management
services for consumers of large amounts of energy.
A fifth company, Virmatics, LLC, a UB faculty start-up
developing bioinformatics software that provides automated tools
for biomedical researchers, will join the incubator in
Capital improvements projects at the incubator have included its
conversion to a WiFi zone. With its wireless network access
completed over the summer, many employees enjoyed working outside
during their lunch hour. Renovations also were made to the
conference room, including new tables, chairs and carpeting, making
it a flexible meeting space for up to 25 people.
"One of our much-needed renovations was the acquisition of a
back-up generator," Maggard added. "A power surge or lack of power
could be devastating to these small companies who are manufacturing
sensitive products or conducting critical business operations." The
backup generator, which undergoes final testing in October, will be
able to power normal business operations for the entire