Buffalo’s nascent startup scene logged significant wins in recent months – from investments in ACV Auctions to the opening of a downtown Innovation Hub.
But further growth has been stalled by a regional business culture that doesn’t prioritize collaboration, according to a report released Thursday by Techstars, a global startup accelerator and networking organization.
The analysis is the result of an ongoing paid partnership between state-funded accelerator 43North and Boulder-based Techstars, which in January announced a project to monitor and advise the Buffalo startup ecosystem.
The project is funded by a number of agencies, foundations and businesses, including Empire State Development, M&T Bank and National Grid.
Image: Buffalo’s nascent startup scene logged significant wins in recent months – including investments in ACV Auctions, shown above, but a report by global startup accelerator Techstars says further growth has been stalled by a regional business culture that doesn’t make collaboration a priority. (Derek Gee/Buffalo News)
