Buffalo’s ninth Pre-Seed Workshop, a 2½-day event at the University at Buffalo meant to help would-be entrepreneurs translate their ideas into startup companies and commercial products, wraps up Thursday.
Scientists and scholars on 10 teams selected by organizers are participating in this year’s workshop, which began last Wednesday and Thursday in UB’s New York State Center of Excellence in Bioinformatics & Life Sciences on the Buffalo Niagara Medical Campus.
During Thursday’s final session, team representatives will practice pitching their ideas to a panel of investors, who will provide instant feedback on the revenue potential and the size of the market for the technologies.
The workshop is part of the university’s ongoing efforts to boost an innovation-based economy in Buffalo.
The Pre-Seed Workshop program began in 2004 in Rochester and has since spread throughout the state, as well as to other sites in the Eastern U.S. and Europe. As of March, the group that puts on the workshops says it has held 72 workshops with more than 3,000 participants who received feedback on 452 ideas. Sixty-six teams have taken part in the sessions hosted by UB, a figure that includes the 10 selected for this year’s workshop.