New York State and the University at Buffalo recently announced the official launch of the Innovation Hub, designed to help connect ideas to action and move research from the lab to the marketplace, at an event held on the Buffalo Niagara Medical Campus.
The Innovation Hub is funded through a $32 million Buffalo Billion II grant commitment from New York State and supports innovation at UB and its leading research partners, including Roswell Park Comprehensive Cancer Center, The Jacobs Institute, Hauptman Woodward Medical Research Institute and Kaleida Health.
“From our historic grain elevators to the invention of electric cars and air conditioning, Buffalo is well-known as a robust center of innovation,” said Lt. Gov. Kathy Hochul. “The new University at Buffalo Innovation Hub will build upon this legacy as part of our continuing efforts to grow the tech economy and create good-paying jobs in Buffalo and across Western New York.
“The Innovation Hub will support emerging partnerships and foster collaboration with the brightest minds at UB and throughout the entrepreneurial community to ensure even greater success for our region.”
The Innovation Hub will make it easier and more efficient for business and technology leaders to collaborate with student entrepreneurs and faculty researchers.
UB and its partners collectively bring more than $412 million in annual research outflows, 30,000 students and more than 3,000-plus faculty, who are focused on making new discoveries and advances in medical device technology, diagnostics, healthcare delivery, software applications, materials, imaging, sustainability and other diverse innovative developments.
UB President Satish K. Tripathi said, “The Innovation Hub is a natural extension of our university’s work to showcase and expand the type of collaboration that is constantly on display between our faculty experts, students, research partners and the surrounding startup community. UB is committed to fostering an environment
In the coming weeks, a series of additional announcements are expected related to the Innovation Hub, including an investment fund update, incubator space preview, and various profiles on existing startups, researchers and collaborators who have already been successfully utilizing the collective resources of the hub.