Governor's task force examines startup funding gap
Upstate university and business leaders Tuesday urged a state task force to help bridge the "valley of death" — the seed-funding wasteland that lies between higher-education research and profitable commercialization.
Speakers at a public hearing Tuesday at the University of Rochester Medical Center emphasized that New York lacks adequate private venture capital and public financing to get startup companies arising from university research into the competitive marketplace. The state ranks 25th nationwide in the amount of public dollars dedicated to startup capital and seed funding.
