Release Date: March 13, 2017
BUFFALO, N.Y. — The WNY Incubator Network (WIN), a collaborative effort of business incubators managed by the University at Buffalo, has received a five-year extension from Empire State Development’s Division of Science, Technology and Innovation (NYSTAR) and will continue its operations through 2021.
The extension includes annual funding of $250,000 from NYSTAR and WIN partners, as well as the ability to issue state tax incentives to early-stage incubator ventures.
WIN began operations in 2013 with the support of NYSTAR’s Innovation Hot Spot program. Programs led by WIN include:
WIN has been an active partner in attracting entrepreneurship programs to fill ecosystem gaps in WNY, including the Critical Path Life Sciences Accelerator, SBA Growth Accelerator, and UB’s pending I-Corps initiative. WIN partners have been actively involved in regional entrepreneurship programs including Bright Buffalo Niagara, Startup Weekend, the Student 2 Biz competition and Student Sandbox.
WIN is managed and staffed by the UB’s Office of Economic Development. Partner incubators hail from across Western New York, and include:
“Our mandate is to build globally relevant, market-driven companies to create jobs in Western New York,” said Thomas Murdock, manager of incubator network. “That happens when we work together, combine efforts and share resources. NYSTAR’s re-designation shows Albany’s support for this work is stronger than ever.”
Matt Watson, director of NYSTAR, said, “We are proud of the continued success that WIN, one of our 10 Innovation Hot Spots across New York State, is experiencing in Buffalo. Throughout New York, our NYSTAR partners are doing important work to develop and coordinate regional ecosystems for entrepreneurs that is leading to better and stronger support for innovative businesses.”
Christina Orsi, associate vice president for economic development at UB, said “WIN is another clear example of New York State’s commitment to growing technology-based companies in our region. WIN works in concert with our other state-backed programs — START-UP NY, our Center for Advanced Technology, two Centers of Excellence, and the Buffalo Institute of Genomics — to create jobs, grow investment, and develop new ventures.”
“Incubators like Z80 Labs exist to provide deep pockets of expertise to help our portfolio companies grow and create jobs in Western New York” said Z80 Labs Managing Director Jon Spitz. “Teaming with our partner WIN incubators builds breadth and scale to our capabilities.”
Alan Rae, executive director of Alfred’s Incubator Works, looks to WIN as a business development tool to make all Western New York incubators stronger. “It’s much harder as job creators if we try to go it alone. WIN allows us to combine our resources and provide incubated companies with the kinds of tools previously unavailable in Western New York.”
“Our affiliation with WIN opens up Cattaraugus County and its entrepreneurs to a host of resources not previously available in our area,” said Larry Sorokes, president of Olean Business Development. “This is especially important for the city of Olean as the unprecedented overhaul of its downtown is setting the stage for a local economic renaissance.”