Business growth and expansion requires capital. Accessibility and cost of capital are key factors in a company’s determination of how to fund growth. For early-stage, high-growth companies in particular, raising funds from venture and angel investors in exchange for equity is critical.
If you’re paying attention even a little bit, you’ve heard the buzz about startups and how they are burgeoning in Buffalo. You may even have heard the phrase, “startup ecosystem” and wondered, what the heck is that?! If you are a founder, a founder-to-be (someone who’s always had the entrepreneurial spirit but isn’t sure how to get started), a thought leader, or idea generator - you’re part of the “startup ecosystem”.
Buffalo's high-tech industry is growing every day, through startups and established companies. One of those dedicated to helping to grow the regional sector is IBM.
IBM established its Buffalo Innovation Center in 2015 because it saw where the region was headed. Since opening, the company has continued to expand and has welcomed other high-tech tenants to its Innovation Center, originally imagined as a hub of technology and innovation housing 500 high-tech employees of various, co-locating companies. That dream is well on its way to full reality, too. And it has started with IBM itself.