The Buffalo and Rochester region is one of three metro areas in the country selected for a study that seeks to map out entrepreneurial activity and resources.
Endeavor Insight, a New York City firm, will conduct the assessment with funding from Launch New York and the Kauffmann Foundation.
Launch NY, the Buffalo-based venture development organization that seeks to help startup companies in Western and Central New York, is using $40,000 from its recently announced $2.5 million grant from the Ralph C. Wilson Jr. Foundation to help pay for the study.
The Kauffmann Foundation, a major supporter of small businesses and entrepreneurs across the country, is providing $50,000 toward the study as part of its first philanthropic activity in this region, said Marnie LaVigne, Launch NY's president and CEO. Endeavor is providing $10,000 in in-kind support, for a total of $100,000.
The regional study will map the presence of startups, spin-off rates and the programs and resources available to grass-roots and high-growth entrepreneurs alike.
The organizations will use the information to compare the advanced manufacturing sector and the resource networks in the Buffalo and Rochester metro area to well-developed entrepreneurial ecosystems worldwide, Launch NY said.
LaVigne said the study should be completed by spring. The other two regions have not been publicly identified.