SUNY Upstate is getting a dedicated funding stream to spark the innovation and development of medical breakthroughs from devices to treatments. It’s called Upstate Biotech Ventures, and an initial $6 million in seed money will help start-ups bring their creations to market…and patients. SUNY Upstate President Doctor Mantosh Dewan says the Biotech Accelerator building has been nurturing ideas for over a decade.

“This facility has given these innovators the nuts and the bolts space tools expertise.  But it does kindle their ideas,” Dewan said. “Today we will give them fuel to accelerate their science, the financial fuel that will rocket this innovation economy to the next level.”