Buffalo Niagara Medical Campus start-up companies can apply for up to $10,000 in seed funding through a new program sponsored by First Niagara Bank.
The medical campus is taking applications for the Seed Capital Accelerator Program, which offers grants or loans to new and existing start-ups with ties to the campus’ Innovation Center or its entrepreneurship programs.
Start-ups can use the money to buy equipment or other capital goods, for certain operating expenses or business training or for part of the salary of a new hire.
Medical campus officials expect up to a dozen start-ups initially will receive money through the program, which is funded for at least one year. The first awards could be issued as soon as September.