The University at Buffalo Technology Incubator has been named the world’s top life sciences university incubator by the University Business Incubator (UBI) Index, a Stockholm-based startup that provides expertise in starting and transforming incubators.
UBI made the selection after conducting 150 case studies of university business incubators in 22 countries.
The index looked at more than 50 performance indicators, and the UB Technology Incubator scored highly in areas that included talent retention, network enhancement and post-incubation relationships, according to a UBI press release.
“By providing resources and valuable guidance to some of Western New York’s most promising new companies, we are helping to grow the region’s high-tech economy,” said UB Vice Provost Robert Genco, who oversees UB’s Office of Science, Technology Transfer and Economic Outreach (STOR), which administers the incubator.
The UB Technology Incubator is located at UB’s Baird Research Park on Sweet Home Road in Amherst, N.Y. The facility rents office and laboratory space to emerging high-tech companies, including startups founded by UB students and faculty members.
The incubator’s mission is to provide an environment that assists companies in becoming independent, thriving businesses.