A Swedish startup has named the University at Buffalo Technology Incubator as the top life-sciences business incubator based at a university in the world.
The University Business Incubator Index, a company based in Stockholm that serves the incubator industry, studied 150 university incubators in 22 countries and measured their performance on 50 indicators.
While UB took top honors in the life sciences category, Rice University's Rice Alliance for Technology and Entrepreneurship in Houston was named the best overall university incubator.
UB's Technology Incubator, located in the Baird Research Park on Sweet Home Road across from the North Campus, rated well for talent retention, post-incubation relationship and other factors, according to news releases from the index and UB.
The incubator rents office and laboratory space to entrepreneurs and startups and provides mentoring, training, grant-writing assistance and access to resources and expertise, according to the university.
It opened in 1988 and today has 13 tenants. More than 100 companies have gone through the incubator, and 84 percent of those graduates lasted for five or more years, UB reported. Its current tenants and surviving graduates employ 500 people and have annual revenues of $50 million.
Perhaps the best-known Technology Incubator tenant is ONY Inc., founded by Dr. Edmund A. Egan II and the late Bruce A. Holm, both UB scientists, to market Infasurf, a commercial surfactant-replacement that reduces the rate of respiratory failure in premature infants.
--- Stephen T. Watson