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Buffalo Niagara Medical Campus To Open Coworking Space

September 24, 2013 by BNMCin Entrepreneurs, Homepage, Innovation Center, News

For Immediate Release
September 24, 2013

For more information:
Contact Kari Bonaro, kbonaro@bnmc-old.local, 716-218-7157, 202-904-7034 (mobile)

Buffalo Niagara Medical Campus To Open Coworking Space

dig Designed as Part of BNMC’s Progression of Resources to Support Local Entrepreneurs

(BUFFALO – September 24, 2013) The Buffalo Niagara Medical Campus, Inc. announced today that it is opening a new coworking space in the Thomas R. Beecher, Jr. Innovation Center at 640 Ellicott Street. Dubbed dig, it is yet another step in fostering entrepreneurship, creativity and collaboration. The space is designed for those in the early stages of developing a business or an idea.

dig stands for design innovation garage, a play on both the location – a former loading dock in the renovated Trico Products Corp., building, complete with a glass garage door overlooking the Medical Campus – and also on the move toward a more design-centric entrepreneurial culture. This co-working community will represent a range of creative, technical, and operational industries, driving the creation of new possibilities, new collaborations, and new partnerships.

“dig complements the highly successful Innovation Center that provides office space and amenities for growing companies. Opening dig ties directly to the Governor’s vision of supporting entrepreneurial culture across the state,” said Matthew K. Enstice, president & chief executive officer of the Buffalo Niagara Medical Campus, Inc. “dig will offer critical pieces needed by those with a young idea or business – work space, support, mentoring, and collaboration to get their business off the ground, creating more jobs and spurring the economy in our region.”

“One of our goals at the BNMC is to build a community of changemakers. We believe that hwp-contentens through collaboration and innovation, and what better way to do that than creating a co-working space for people who work on the Medical Campus or those who want to be a part of what’s hwp-contentening here,” said Patrick J. Whalen, chief operating officer of the Buffalo Niagara Medical Campus, Inc. “dig will not only be a space to work from, but also a hub of information to help cultivate this community – hosting networking events, seminars, and community activities. “

Omar Khan, associate professor and chair of the University at Buffalo’s Department of Architecture, was integral in the conception and design of dig.

“I have been at a loss as to how to keep some of my best students around Buffalo after graduation,” said Khan. “Most are drawn to other cities that give them the creative vibe they cherish. To me, Buffalo is full of creative people but it lacks exciting workspaces where they can mingle and share ideas. dig provides such an alternative workspace that is visually exciting and socially dynamic. It is the type of design environment where young and old can collaborate on innovative solutions to globally pressing problems.”

The design team that created dig consists of faculty from the Department of Architecture and undergraduate and graduate students from the Situated Technologies Research Group: Prof. Omar Khan, Prof. Laura Garofalo, Michael Kirschner, John Geisler, Kathryn Hobert, Philip Gusmano, Joseph Swerdlin and Nicole Halstead.

dig will have “entrepreneurs-in-residence” on hand during the day to help members working on various projects, as well as a dig Curator on staff to help facilitate networking among members and develop programming for the space. dig members will be “announced” when they arrive on a large screen with details about what they are working on and/or their expertise to encourage networking. The space will be outfitted with large tables and chairs, lounge-type seating with couches and chairs, space for private calls and meetings, lockers and mailboxes, and a café.

There will be an wp-contentlication process to join the co-work space. Anyone is eligible to wp-contently, although membership preference will be given to those working toward social innovation. The introductory rates will range from a daily rate of $15 to all-access monthly rates of $100.

“We view this as an affordable option for entrepreneurs currently working at home, start-up companies looking to be a part of a larger community, families of patients looking for a place to work while visiting loved ones at the hospitals on the Medical Campus, a site for satellite offices – anyone looking for an environment to help foster productivity and success,” adds Whalen.

“We are excited to help in the development of dig, not only as the hip place to be for co-working, but also the place where collaboration and shared resources lead to greater creative problem-solving,” said Rob Wynne, executive creative director of Wynne Creative Group, and tenant in the Innovation Center. “Plus it resides in the city’s hot spot for innovation – the Buffalo Niagara Medical Campus. The area is ripe for this kind of workspace model.”

“We’re sharing cars and bikes, so it was only a matter of time before we shared space, and the Medical Campus is a perfect place to do it,” according to Creighton Randall, executive director of Buffalo CarShare.

dig members will receive complimentary memberships for CarShare and BikeShare in partnership with GO BNMC, the medical campus’ initiative to make it easier for employees to choose alternatives to driving alone.

The primary membership benefit is unlimited access to really innovative people. Members receive varying amenities depending on their level, ranging from high speed wifi and color copiers, to access to the Innovation Center’s fitness center, to conference room space and free coffee.

The Innovation Center is already home to 43 companies, ranging in size from one to 50 employees.

Learn more at digbuffalo.org and like us on facebook.

About the Thomas R. Beecher Innovation Center

The Thomas R. Beecher, Jr. Innovation Center, located at 640 Ellicott Street in downtown Buffalo, is a LEED-certified research and development space housing life sciences and biotech companies, as well as companies offering support services like IP attorneys, talent acquisition, sales, and marketing. This state-of-the art facility is designed to accommodate small to medium companies seeking office, wet lab and/or research space, on a month-to-month basis or via longer term leases, located in the heart of the thriving Buffalo Niagara Medical Campus. There are currently 43 companies located in the building and all but three are still operated by their founder.

The Innovation Center has received funding through New York State’s Upstate Regional Blueprint Fund Grant, RestoreNY, National Grid, the John R. Oishei Foundation, NYSERDA, and the U.S. Small Business Administration through a grant secured by Congressman Brian Higgins.

The Innovation Center is owned and operated by the BNMC, Inc., a not-for-profit organization that fosters conversation and collaboration among its member institutions, their 12,000 employees, and the community; coordinates activities related to sustainable planning, development and enhancement of its 120-acre space; and works to create a distinct, innovative environment that provides opportunities for entrepreneurship and active and healthy living.

About the Buffalo Niagara Medical Campus

The Buffalo Niagara Medical Campus (BNMC) is dedicated to the cultivation of a world-class medical campus for clinical care, research, education, and entrepreneurship on 120 acres in downtown Buffalo. It is home to the region’s top clinical, research, and medical education institutions, including: the University at Buffalo, Roswell Park Cancer Institute, Olmsted Center for Sight, Kaleida Health, Hauptman-Woodward Medical Research Institute, Buffalo Medical Group, Buffalo Hearing & Speech Center, Unyts, and the Center for Hospice and Palliative Care. There are more than 60 public and private companies on the BNMC. More than 12,000 people come to work at the Medical Campus every day, and BNMC institutions see over one million patients and visitors annually. The Campus has an annual economic impact of $1.5 billion on the region. The Medical Campus consists of more than 6 million square feet of research, clinical, and support space. bnmc-old.local

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UB Recruiting Innovators in Life Sciences for High-Tech CEL

January 11, 2013 by BNMCin Campus-wide, Entrepreneurs, Homepage, Life Sciences Companies, News6 Comments

Program Offers Entrepreneurial Guidance, Knowledge and Mentorship for those in Field

Leaders of early-stage life sciences and technology companies can take advantage of a High-Tech Center for Entrepreneurial Leadership (CEL) program that will begin in March 2013.

Now in its third year, the High Tech CEL is a collaboration between the Center for Entrepreneurial Leadership (CEL) in the University at Buffalo School of Management and UB’s New York State Center of Excellence in Bioinformatics and Life Sciences.

With funding from a number of sources, including an Economic Development Administration grant and an award from UB’s “E Fund,” the program’s mission is to help participants build a strong management team and develop an individualized pathway toward commercialization.

Participants of the 10-week program meet for two hours a week, covering a range of topics, including commercialization strategies, finance issues, intellectual property, FDA regulations, investor relations, sales and marketing, and more.

“The High-Tech CEL is a unique opportunity for entrepreneurs to build their business skills, gain hands-on experience, and learn from other professionals who understand the challenges they’re facing,” said Thomas Ulbrich, executive director of UB’s Center for Entrepreneurial Leadership.

“This program is greatly beneficial for those whose firms are in the initial phase of taking their work from the lab to the market,” said Marnie LaVigne, PhD, associate vice president of economic development at UB. “It incorporates key high-tech business topics into the strength of the time-tested CEL program that has helped hundreds of traditional businesses in the region grow since 1987.”

Case studies, roundtables, panel discussions and lectures make up the curriculum, and each participant is partnered with a seasoned, successful entrepreneur who is attuned to the issues that influence business decisions. These mentors guide, advise and support participants throughout the program to help them achieve specific objectives.

The High-Tech CEL program is engaging and interactive and focuses on the importance of initiating and nurturing relationships between early-stage companies and leaders in the Buffalo-Niagara life science and technology ecosystem by providing structured networking opportunities throughout the duration of the program.

Charles d’Estries, director of SciBiz International Inc., will moderate the program. He provides business development consulting for entrepreneurs in the life sciences and high-tech fields, particularly those in the early stages of business.

Program cost is $995 per participant, and consecutive participants from the same company can attend at a 50 percent discount ($497).

To learn more or wp-contently, contact the CEL at 716-885-5715 or mgt-cel@buffalo.edu.

The mission of UB’s New York State Center of Excellence in Bioinformatics and Life Sciences (COE) is to study the mechanistic processes involved in human disease with the goal of developing diagnostics tools and therapeutic interventions, preventative treatment and other disease management devices and processes to improve the health and well-being of the population. This scientific mission is balanced by the COE’s responsibility to act as a facilitator of economic development in Upstate New York by building and supporting partnerships between academia, industry and government. More information is available at http://www.bioinformatics.buffalo.edu.

The UB School of Management is recognized for its emphasis on real-world learning, community and economic impact, and the global perspective of its faculty, students and alumni. The school has been ranked by Bloomberg Businessweek, the Financial Times, Forbes, U.S. News & World Report and The Wall Street Journal for the quality of its programs and the return on investment it provides its graduates. For more information about the UB School of Management, visit http://mgt.buffalo.edu.

Jacqueline Ghosen, UB School of Management; ghosen@buffalo.edu; 716-645-2833

Innovation Center Kicks Off Series to Help Entrepreneurs and Small Businesses

December 3, 2012 by BNMCin Campus-wide, Entrepreneurs, Homepage, Life Sciences Companies9 Comments

A key mission of the Innovation Center is to offer resources necessary for small businesses and entrepreneurs to grow. The Growing Your Knowledge & Network for Small Businesses series sponsored by First Niagara, will begin on Wednesday, December 12th at 9 a.m. until 10 a.m. This monthly series is an extension of the BNMC’s efforts to continue to promote growth for small- to medium-sized companies. This series provides important information for companies as industry experts – often successful entrepreneurs themselves – share knowledge relevant to running a successful business.
Topics include taxes, human resources, networking etiquette, branding and much, more. Learn about the latest industry trends and developments as you hear from professionals in the field. This series is open to tenants withint the Innovation Center and also members of the comunity.

Attendees of the Growing Your Knowledge & Network for Small Businesses sessions will be entered into a raffle to win an iPad or other prizes. Interact and network with fellow entrepreneurs and professionals as you engage in dialogue about need-to-know information for small businesses.

Each presentation is free, but space is limited and registration is required. To register, visit growingyourknowledge.eventbrite.com.

Wednesday, December 12th

Do Taxes Matter? presented by Daniel Tirone, Daniel Tirone, CPA. Learn about the basics of tax management.

Wednesday, January 9th

Basic 101 HR Information presented by Holly Nowak, Alcott HR Group. Learn about human resources best practices.

Wednesday, February 13th

Business Development Incentives in New York: Maximizing Your Benefits presented by Cory Van Deusen V, Lumsden & McCormick, LLP. Learn about tax credits and incentives.

Wednesday, March 13th

Social Media and Your Business presented by Robin Wilson, The Wilson Edge.

Wednesday, April 10th

Branding Consistency presented by Rob Wynne, Wynne Creative Group. Learn about adding character to your business, helping to make it stand out.

Wednesday, May 8th

First Niagara: Five Key Areas Where Businesses Suffer Losses presented by Karen Fenzl.

WTCBN Receives Funds to Help Increase Medical Device Trade Between WNY Manufacturers and China

September 6, 2012 by BNMCin Entrepreneurs, Investment Opportunities, NewsLeave a Comment

The World Trade Center of Buffalo Niagara (WTCBN), a local not-for-profit international business development organization helping to facilitate regional growth through global trade, has received nearly $682,000 to help increase medical device trade between Western New York (WNY) manufacturers and China. In that pot of money is $218,000 from the U.S. Department of Commerce.
Through a program that will be administered over a three-year time period, WTCBN and partners that work with medical device companies will enhance trade relations knowledge to place devices in one of the largest populace nations in the world. Partners include the University at Buffalo’s New York State Center of Excellence in Bioinformatics and Life Sciences, the Buffalo Niagara Medical Campus, The Buffalo Niagara Partnership, MedTech, the Jacobs Institute and the Department of Commerce, in addition to others who assist and house medical device companies.

“This three-year project will serve as a template for a greater regional export strategy,” said Chris Johnston, president of WTCBN. Johnston also stated that it will be “a great opportunity for collaboration among various groups, including the federal, state and regional government, with local organizations such as the Buffalo Niagara Medical Campus, UB and World Trade Center Buffalo Niagara, which will maximize the benefits for Western New York companies.”

The Accelerating Upstate New York’s Competitiveness and Exports in the Global Economy program will offer training and expertise to least 40 local manufacturers, teaching them how to navigate Chinese import laws, how to effectively market their products in China and the logistics of shipping goods there. They will also provide access to export loans and credit insurance. An estimated $25 million could come from Chinese contracts over a four-year period, leading to the creation of hundreds of jobs in this area.

At a roundtable discussion moderated by Congresswoman Kathy Hochul, New York’s 26th Congressional District Representative, companies had the opportunity to ask questions and receive feedback on how to identify and capitalize on new medical device markets, and to learn more about the program. Congresswoman Hochul said the program is “a critical step toward opening new markets, fostering innovation, and expanding manufacturing right here at home. Meaningful investment in Western New York’s medical device industry and work force will help add good-paying, sustainable jobs to our local economy.” The discussion served as an indicator of the collaboration and knowledge-sharing between experts and companies that is soon to come.

Congresswoman Hochul also said “It is vital that we continue to work to ensure our local businesses have the resources necessary to expand and reach new global markets.” With over $1.9 trillion in exportation of goods and services in 2011, China is currently the largest exporting country in the world. Efforts to increase the importation of medical devices made from the U.S., more so in the WNY region to China, will undeniably generate revenue increases for many local companies.

The U.S. Commerce Secretary, Rebecca Blank, stated that “The awards given by the Commerce Department’s Market Development Cooperator Program will help us continue to make progress toward achieving the President Obama’s goal of doubling exports by the end of 2014. Higher exports lead to more jobs: in 2011, jobs supported by exports increased by 1.2 million over 2009.”

The Buffalo Niagara Medical Campus, Inc.’s COO, Patrick J. Whalen stated that “the Department of Commerce grant will showcase the assets in Western New York to medical device companies around the world, and we look forward to working together to help existing companies succeed and grow.”

While WNY is home to nearly 250 medical equipment manufacturers and medical research centers, WTCBN reports that an overwhelming majority of the companies export their goods to the one country it is closest to which is Canada. Past innovations from the region include the implantable pacemaker, the Prostate-Specific Antigen (PSA) test, photodynamic therapy (used to treat malignant cancers), and multiple sclerosis therapy.

The inaugural session of the 2012-13 Life Sciences Commercialization Lecture Series will present an opportunity for local companies to learn more about the program. The session will take place on Thursday, September 27 from 4-5 p.m. at the New York State Center of Excellence in Bioinformatics and Life Sciences located at 701 Ellicott Street. For more information and to register for the event, click here.

Networking and Investor Support for Early-Stage Companies

May 8, 2012 by BNMCin Entrepreneurs, Investment Opportunities, Life Sciences CompaniesLeave a Comment

Early-stage, high-tech companies had the opportunity to network with angel investors and venture capitalists, along with other business professionals who can offer resources and advice on how to take their companies to the next level at the 2012 Venture Forum presented by a SmartStart/UNYTECH and Bright Buffalo Niagara partnership. Angel investors are enthusiastically encouraging emerging businesses on the cusp of industry advancements. Because many early-stage companies are high-risk, gaining the financial capital necessary to compete and grow is not always an easy task to accomplish.

As angel investors and venture capitalists invest their money, time, and talents in companies that have the most potential to succeed and grow, entrepreneurs can take comfort in knowing that there are people who believe in the business they have started and where it can ultimately go. With high-return-on-investment expectations, investors had the opportunity to see 32 unique presentations that introduced them to great business opportunities that can help enhance their portfolios.

With a keynote address from Victor Thorne, the director of the Ohio TechAngel Funds entitled “Building an Innovation-based Entrepreneurial Ecosystem,” start-ups and angel investors received insight about how the Ohio TechAngels work.

Presentations included multiple 10-minute pitches, and 1-minute pitches as well, highlighting each company’s specialty, market research, potential for growth, and investment opportunities. Awards were give to the companies with the most potential to be funded, for the best presentation, and for the most promising technology. Overall, it was a great turnout.

For more information about investment resources in the region, visit Western New York Venture Association.