Buffalo Innovation Seed Fund is an early-stage, evergreen venture capital fund dedicated to funding and growing the next generation of outstanding businesses in Buffalo.
The initial fund has been capitalized with $10M from Governer Andrew M. Cuomo’s Buffalo Billion initiative to deploy as part of the Innovation Hub.
The goal of the Innovation Hub is to accelerate the commercialization of technology being developed at UB and our research partners at Roswell Park Comprehensive Cancer Center, Hauptman-Woodward Medical Research Center, the Jacobs Institute and Kaleida Health, by connecting innovators to the resources they need to start and grow companies right here in WNY.
Buffalo Innovation Seed Fund will invest funds over five (5) years in pre-seed and seed investments, reserving some capital to make follow-on investments in portfolio companies who show the best progress. We will partner with exceptional entrepreneurs and help them build valuable companies that grow in Buffalo. The fund is administered by State University of New York Research Foundation at University at Buffalo.
Christina Orsi, Associate Vice President for Economic Development
University at Buffalo
MemoryFox is a software-as-a-service company and DIY storytelling platform that makes it easy for nonprofit organizations to collect, organize and share community-generated digital content to build community and raise funds. The company serves organizations across the country, such as food banks, United Ways, and Veterans Service Organizations.
$100,000 from the Buffalo Innovation Seed Fund is being invested directly into product development and marketing content.