A new accelerator program that provides venture capital and mentoring services to promising life-sciences companies is now seeking applications from startups in Western New York and elsewhere in upstate.
The “Critical Path” program that begins in September is a partnership among the University at Buffalo, Launch New York, Invest Buffalo Niagara and the Western New York Incubator Network. It’s a follow-up to AOL founder Steve Case’s Rise of the Rest tour that passed through Buffalo last fall.
The VilCap Communities Accelerator Program, supported by Case, is based on an entrepreneurship program offered internationally since 2010 by Village Capital. It is available to life-sciences startups in the 27 counties in Western New York, the Finger Lakes, Central New York and the Southern Tier.
The dozen area startups selected to participate will receive expert advice on finances, intellectual property, federal regulations, commercialization strategies and other matters.
The participating companies will provide feedback on each other’s businesses and select from among themselves two winners that each will receive a $50,000 investment from the Launch NY Seed Fund.