Three more companies will join START-UP NY through their
affiliation with UB.
The companies, which will start up or expand on or near
UB’s campuses, expect to create 25 jobs and invest $547,000
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 three companies are:
- EnerMed LLC, a startup that is developing
patient-specific wound- and bone-healing medical devices that are
both portable and wireless. The devices also collect and report
bioinformatics. The company, which will move into UB’s
Gateway Building downtown, plans to invest $360,000 and create
three jobs. It will collaborate with and recruit interns and
graduates from the School of Engineering and Applied Sciences. It
will apply to the UB Center for Advanced Biomedical and
Bioengineering Technology. The company’s founder, Wayne
Bacon, serves as a mentor to aspiring entrepreneurs through
UB’s New York State Center of Excellence in Bioinformatics
and Life Sciences.
- FarrowBOT Inc., a startup developing a low-cost,
preprogrammed dancing mannequin for retailers, event planners and
entertainment venues. The company, which will move into the Olmsted
Center for Sight at 1170 Main St., Buffalo, plans to invest $62,000
and create 16 jobs. It will collaborate with and recruit interns
and graduates from the School of Engineering and Applied
- Coqui 3D Inc., a Canadian startup based in Kitchener,
Ontario, that is opening a U.S. branch to develop an augmented
reality surgery-training system. The company, which will operate
from the Thomas R. Beecher Jr. Innovation Center on the Buffalo
Niagara Medical Campus, plans to invest $125,000 and create six
jobs. It will recruit interns and graduates from the School of
Engineering and Applied Sciences, and the School of Medicine and
Biomedical Sciences. It will collaborate with UB’s Center for
Computational Research and the Behling Simulation Center.
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, 56 companies
— including the three announced here — have pledged to
move or expand in the Buffalo Niagara region and work with UB to
further their respective businesses. The 56 companies plan to
create 1,810 jobs and invest $52,988,322 in the region.