Our supporting member the University at Buffalo incubator program has announced a new “gap fund” to support proof-of-concept research and prototyping necessary to transfer academic discoveries into commercial practice. For more detail, see university news releases here and here.
The fund was endowed by an anonymous $1 million gift from a faculty member, and named in memory of the late Prof. Bruce Holm, a founding principal in ONY, the UB spinoff that is now anchor tenant of the UB Technology Incubator at the university’s Amherst campus. Established as a challenge grant, the Holm fund could eventually reach $2 million.
UB has also announced additional progress on the Clinical and Translational Research Center, comprising four floors within the new UB-Kaleida research building going up on the Buffalo Niagara Medical Campus (pictured at left, photo courtesy UB). The CTRC will include UB’s new downtown Biosciences Incubator.