BUFFALO, N.Y. — The University at Buffalo Technology
Incubator has been named the world’s top life sciences
university incubator by the University Business Incubator
(UBI) Index, a Stockholm-based startup that provides expertise
in starting and transforming incubators.
UBI made the selection after conducting 150 case studies of
university business incubators in 22 countries.
The index looked at more than 50 performance indicators, and the
UB Technology Incubator scored highly in areas that included talent
retention, network enhancement and post-incubation relationships,
according to a UBI press release.
“By providing resources and valuable guidance to some of
Western New York’s most promising new companies, we are
helping to grow the region’s high-tech economy,” said
UB Vice Provost Robert Genco, DDS, PhD, who oversees UB’s
Office of Science, Technology Transfer and Economic Outreach
(STOR), which administers the incubator.
The UB Technology Incubator is located at UB’s Baird
Research Park on Sweet Home Road in Amherst, N.Y. The facility
rents office and laboratory space to emerging high-tech companies,
including startups founded by UB students and faculty members.
The incubator’s mission is to provide an environment that
assists companies in becoming independent, thriving businesses.
Tenants receive services such as:
- Mentoring. Each client company works one-on-one with a mentor
who has been successful in the company’s industry.
- Seminars and training on topics like financial planning and
- Assistance in applying for federal research and development
funding, or connecting with capital sources including banks,
venture capitalists, angel investors and corporate strategic
- Easy access to resources including student interns, technical
experts, library materials and faculty members with relevant
The incubator currently houses 13 companies. Since its inception
in 1988, the facility has assisted more than 100 tenants and
graduates, with 84 percent of those firms surviving for five or
more years, according to the latest data available.
“Being in an incubator can increase a startup’s
chance of survival,” said UB Associate Vice Provost Woody
Maggard, who directs STOR’s incubator program. “We are
proud of the work that we do. Startups don’t always have
in-house expertise in legal, technical or financial matters, and
our clients know that they can come to us for reliable advice and
help in locating experts who can assist them.”
The UB Technology Incubator has worked with companies
specializing in software, engineering, education, environmental
technologies, pharmaceuticals and other fields. The university
expanded its incubation program in 2012 with the opening of the UB
Biosciences Incubator at the Clinical and Translational Research
Center in downtown Buffalo.