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Grants and Expertise to Help Buffalo Medical Corridor Boost its Entrepreneurial Efforts

Wednesday, September 22, 2010
Buffalo News

Excerpt of story provided by The Buffalo News
Written by George Pyle

A Cleveland-based non-profit with a record of success turning that community's medical research into high-tech businesses is joining forces with a consortium of 19 Western New York counties in an attempt to replicate the experience here.

JumpStart Inc. and the Erie County Economic Development Agency are the lead organizations of a project -the Regional Entrepreneurship Action Plan - that has received a $445,000 federal economic development grant and raised another $230,000 from area organizations and businesses.

As explained by Al Culliton, CEO of the ECIDA, the purpose of the project is to create a business plan that will give high-tech start-ups from Syracuse to Rochester to Buffalo access to the public and private capital and the management expertise necessary to turn research and ideas into profitable businesses. To get them, he said, "from the napkin stage to sustainability..."

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