Last Friday, Invest Buffalo Niagara hosted several Canadian businesses at New Era Field for the first-ever outdoor game in the history of the World Junior Hockey Championships. The matchup pitted North American rivals USA vs Canada and the game lived up to its promised hype and then some.
Business attraction projects can take more forms than many would assume. There are the basics—a company expanding into a new market or a company relocating an existing facility from one market to another.
For several reasons—from rising wages in emerging countries, to a growing appetite for US-made goods, to recognition of the abundant resources in our own backyard—the manufacturing industry is poised for revival, and helped along by investments from the private and public sectors. Areas like Western New York have abundant resources and tools to get in on this promising momentum as well.
Sierra Biological is an early-stage agri-business company that manufactures microscopic nematodes and other biological organisms used by the commercial greenhouse industry and other agricultural applications. Sierra’s products offer growers a highly effective and economical alternative to using pesticides in their growing process.
Guest blog by Rachel Stern, Invest Buffalo Niagara Intern, University at Buffalo WNY Prosperity Fellow
Investors frequently say “it’s not the idea, it’s the team.” That phrase certainly holds true at events like Buffalo Startup Weekend, which helped kick off 43North Week. Participants can give a 60-second pitch of an idea they have, everyone votes for three favorites, and teams are formed around which top idea they can contribute to the most. The teams with the greatest success – whether at a 54-hour marathon weekend, competitions like 43North, or at established companies – are those with a diverse range of expertise. Startup Weekend gives participants the opportunity to work with new people, expand their networks, and make lasting connections.
Just a one year after Steve Case’s Rise of the Rest Tour rolled through Buffalo, we are proud to be participating in a Steve Case-supported Village Capital (VilCap) accelerator program - sponsored by Rise of the Rest, the Ewing Marion Kauffman Foundation, and the Sorenson Impact Center — which will help biomedical companies in Western New York.
Buffalo business leaders are backing their community; many are developing venture capital firms to back scalable companies in Western New York. But acquiring capital is a big hurdle nearly all startup face. Can startups in Buffalo secure outside funding and maintain their location in Buffalo? As the entrepreneurial ecosystem in Buffalo receives more attention and build-out, the question is becoming even more salient.
Last April I spent four days in Las Vegas, the first two meeting with site selection consultants at the Business Facilities LiveXchange and the following two days at the Collision Conference encouraging dynamic tech startups to apply to the 43North Business Plan Competition. Two days suite and tie, two days sport coat and t-shirt. Two very different atmospheres.
Alan Rosenhoch, Invest Buffalo Niagara Business Development Manager with Jim Anastasiadis, John Petri and Bill McCormick of Magic White.
Sometimes it’s as simple as finding the right place to start or someone to show you where that starting line even is located. That was the case with Magic White Inc., a company I met last spring at the Restaurants Canada trade show in Toronto. In just a couple short months, a brief conversation with company president Jim Anastasiadis on the trade show floor culminated with the establishment of Magic White USA, Magic White’s first formal U.S. presence here in the Buffalo Niagara region.
43North Pitch and Awards Ceremony at Shea's Performing Arts Center on October 29, 2015
The world’s largest business idea competition, 43North 2015, culminated last month with 11 winning companies who will now call Buffalo their home. Four of those companies will add to Buffalo’s burgeoning Life Sciences sector. With the growing Buffalo Niagara Medical Campus, it’s clear why so many biotech and medical device companies are looking to Buffalo Niagara as a great region to grow their company. These startups are among good company as seen in this year’s featured video: We Make Buffalo.