Buffalo’s history of innovation and entrepreneurship is still alive. UB is playing a key role in creating a new knowledge-based economy for our region.
A major economic engine for Buffalo Niagara and upstate New York, UB has an annual economic impact of $1.7 billion, including more than $348.2 million in research spending, most of it from federal agencies like the National Institutes of Health.
As a research university, UB is a major source of innovation in Western New York. The university leverages its strengths in knowledge generation to yield tangible economic results. The transfer of new technology to the private sector benefits the public while providing opportunities for further development and commercial applications of our researchers’ work.
On our campuses, UB’s research funding is responsible for more than 3,000 jobs, including faculty researchers, technical staff, research assistants and administrative staff.
UB 2020, the university’s strategic initiative for enhancing educational opportunities and advancing life-enhancing research discoveries, is creating a robust knowledge-based economy in Western New York.
Many different schools within the university are leading UB 2020’s efforts to advance research and foster community partnerships.
UB 2020’s accomplishments include a groundbreaking collaboration between the university and Kaleida Health to construct the Clinical and Translational Research Center and the Global Vascular Institute.
The combined facility, on the Buffalo Niagara Medical Campus, brings together Kaleida Health physicians and UB researchers in an effort to deliver state-of-the-art clinical care and help Buffalo attract and retain major figures in the health sciences.
Within 90 miles of Buffalo, there are more than 650 life sciences companies, many of which collaborate with local research and academic institutions in a variety of industries, ranging from medical devices and biomedical informatics to drug development and biotechnology. These include more than 160 biomedical firms in the Buffalo Niagara region that employ more than 6,000 people.
The Buffalo Niagara region has nearly 1,000 life sciences graduates each year, plus tremendous academic and research talent in the neighboring areas of Rochester and Syracuse, New York and Toronto and Southern Ontario.