by Christopher Finn, Research Manager
The University at Buffalo Technology Incubator has received a most exemplary honor: named the top university-based incubator for the life sciences in the world. That’s right. In the world.
According to a report published in June by the Swedish University Business Incubator Index (UBI Index) titled “Top University Business Incubators: Global Benchmark Report 2013,” UB’s incubator excels in areas such as talent retention, network enhancement and post-incubation relationships. The report, which UBI Index claims is the first ever global index to benchmark performance and best practices of university incubators, studied 150 incubators in 22 countries based on a 50 criteria.
One of the UB incubator’s top performing companies is ONY, Inc., which was featured in a previous issue of Buffalo Niagara Life Science News with an interview of its President and Founder, Dr. Edmund Egan. ONY is the owner of Infasurf® (calfactant), a lung surfactant developed and tested by academic scientists in Ontario and New York in the 1970s and 1980s.
The incubator, located at UB’s North Campus in the Baird Research Park, began as a partnership between UB, the UB Foundation, and the State of New York in 1988. As one of the nation’s first bioincubators, it offered not only office space but wet labs as well. The 40,000 square foot facility was designed to be FDA compliant, a critical step for companies developing either pharmaceutical products or medical devices. FDA compliance has been maintained throughout the facility’s history and is one of the few facilities in western New York to offer such space to emerging companies.