Release Date: July 24, 2015
BUFFALO, N.Y. – Five companies have been approved for START-UP NY through their affiliation with the University at Buffalo.
The companies, which will startup or expand on or near UB’s campuses, expect to create 245 jobs and invest $4,875,000 in the Buffalo Niagara Region within five years.
Each company has ties to the university’s academic and research strengths, will collaborate with UB faculty researchers and offer internships, scholarships or jobs to students.
“The addition of these new and exciting businesses to START-UP NY further proves that the Buffalo Niagara region is the smart choice for budding and experienced entrepreneurs,” said Venu Govindaraju, UB interim vice president for research and economic development. “The University at Buffalo has the faculty expertise, equipment and resources, and human capital to help startup companies succeed. In turn, the companies provide hands-on learning to our students and jobs for our graduates.”
START-UP NY stands for SUNY Tax-free Areas to Revitalize and Transform Upstate New York. The program aims to spur economic development by enabling universities to identify areas where new and expanding businesses can operate for 10 years without paying New York State business, corporate, income, sales or property taxes, or franchise fees.
Since Gov. Andrew M. Cuomo announced the program, 53 companies (including the five announced in this press release) have pledged to move or expand in the Buffalo Niagara region and work with UB to further their respective businesses. The 53 companies plan to create 1,785 jobs and invest $52,441,322 in the region.
The five new companies are:
Bodhi Seven Corp. is a startup information technology company that is building an online marketplace that connects buyers with sellers who offer products and services in the holistic and mindfulness health arena. The company, which will move into the Thomas R. Beecher, Jr. Innovation Center on the Buffalo Niagara Medical Campus, plans to invest $40,000 and create 22 jobs. It will collaborate with researchers from the Department of Communication and recruit interns and graduates from the School of Management and the Department of Computer Science and Engineering.
Bodhi Seven’s founder is Jim Kupczyk, an alumnus of UB’s School of Management.
Chronicle LifeSci America Corp. is new United States business whose parent company is located in Toronto, Ontario. It will produce original digital and print content concerning clinical medical news and commentary, events, continuing professional education and social networking experiences to medical professional worldwide. The company, which will open an office in UB’s New York State Center of Excellence in Bioinformatics and Life Sciences, plans to invest $80,000 and create five jobs. It will collaborate with, and recruit interns and graduates from, the Department of Communication.
Doolli, Inc. is an information technology company from Manhattan that has developed a cloud-based infrastructure software that enables users to build, creatively publish, share and index instantly searchable multimedia databases. The company, which will move into the Gateway Building, plans to invest $4,410,000 and create 200 jobs. It will collaborate with researchers from the Department of Computer Science and Engineering.
Doolli, which was referred to UB by SUNY Buffalo State, will recruit interns and graduates from SUNY Buffalo State and UB’s School of Management and UB’s Department of Computer Science and Engineering.
Enhanced Thermodynamics, LLC is a startup company that is developing integrated computational and experimental systems for informing the development and utilization of drugs by pharmaceutical companies, research institutes and hospitals. The company, which will move into UB’s New York State Center of Excellence in Bioinformatics and Life Sciences, plans to invest $245,000 and create eight jobs. It will apply to the UB Center for Advanced Biomedical and Bioengineering Technology and recruit interns and graduates from the Department of Computer Science and Engineering.
The company’s founders are faculty members in the UB School of Pharmacy and Pharmaceutical Sciences; Donald Mager is associate professor and Scott Van Wart is an adjunct professor.
Postprocess Technologies, LLC is a New York-based Original Equipment Manufacturing (OEM) company serving the additive manufacturing industry; it offers support removal systems, surface finish equipment, wastewater treatment systems, vacuum drying equipment, support removal detergents and finishing media and compounds for the post-printing requirements of additive manufactured model material. The company, which will expand to the Olmstead Center for Sight, 1170 Main St., Buffalo, plans to create 10 new jobs and invest $100,000. It intends to collaborate with researchers from UB’s New York State Center of Excellence in Materials Informatics and Buffalo Manufacturing Works. It will recruit interns and graduates from the School of Engineering and Applied Sciences.