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 Niagara’s technology industry is growing rapidly. One of the biggest reasons for its success and growth is the amount of engineering talent coming out of our colleges and universities.
The additive manufacturing industry is growing. 3D printing is no longer just a basement hobby or even solely for rapid prototyping. Meaningful innovations are being made thanks to additive manufacturing. It is the future. Buffalo Niagara understands that and is ready for it.
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.
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About Us
Founded in 1999, Invest Buffalo Niagara represents the eight counties of Western New York. We are the region’s nonprofit, privately funded economic development organization focused on job creation.
