Three Buffalo-area companies will participate in a statewide venture capital forum next week that connects early-stage companies with investors.
The three – AndroBioSys, GradFly and Isolation Sciences LLC – will be part of the 13th annual SmartStart UNYTECH Venture Forum on Wednesday and Thursday in Albany. A total of 23 companies were selected to participate.
The Albany-based Center for Economic Growth, which organizes the forum, said 285 companies have presented since the event’s inception. The center says that 62 of those companies have raised more than $500 million in equity financing and that more than $72 million of that amount was “directly attributable” to their participation in the forum.
AndroBioSys is a life sciences company; GradFly helps students showcase their technical projects in online portfolios; and Isolation Sciences makes technology for settings like laboratories.
The early-stage companies apply to be selected to make presentations at the SmartStart UNYTECH Venture Forum. Richard E. Honen, chairman of the forum and a partner at Phillips Lytle LLP in Albany, said this year’s presenters include biotech, medical device, clean technology and social media ventures.
Honen said the forum has proved just as valuable in fostering collaboration among investors. The event brings them together to network and share their expertise and insights with each other.
“I really believe upstate venture funds work together better as a result of some of the contacts they make at this forum,” he said.