Home > About BNE > Press Room > 2010 Archive > November > Medical campus gets $4 million

Medical campus gets $4 million

By Matt Glynn
NEWS BUSINESS REPORTER

Updated: November 6, 2010, 6:33 AM

The Buffalo Niagara Medical Campus has received a $4 million grant from Empire State Development to help start-up companies at the Innovation Center in downtown Buffalo build out research and development space.

Empire State Development said the Upstate Regional Blueprint Fund grant will help life sciences and biotechnology companies, as well as encourage entrepreneurship.

The Innovation Center, at 640 Ellicott St., is in part of the former Trico manufacturing plant. Since opening in January, the center has recruited 20 tenants, including IMMCO Diagnostics, which is investing $1 million to relocate and operate a division, IMMCO Immunogenetics. It plans to move in by the end of this year.

“The creation of new lab space on the Buffalo Niagara Medical Campus will accelerate life sciences commercialization throughout the Western New York region and the state by leveraging its own medical capabilities and intellectual assets,” Dennis Mullen, Empire State Development’s chairman and chief executive officer, said in a statement.

The agency has assisted projects on the Buffalo Niagara Medical Campus with nearly $140 million in total funding that has helped with the development of the New York State Center of Excellence in Bioinformatics and Life Sciences at the University at Buffalo, Roswell Park Cancer Institute and Hauptman-Woodward Medical Research Institute.