A group of eight Western New York incubators are getting $750,000 in funding to create an Innovation Hot Spot aimed at increasing collaboration among the facilities and expanding their programs.
The WNY Innovation Hot Spot is envisioned as a way to turn local incubators into a stronger business development tool for the region and to help students develop entrepreneurial skills. It is backed by $250,000 in state funding and $500,000 in matching funds from its partners, with most coming from the UB Office of Science, Technology Transfer and Economic Outreach.
Image: “We certainly weren’t collaborating like we could. This is a giant step in that direction.” – Thomas Murdock, WNY Innovation Hot Spot’s manager
