Buffalo needs more ___________ to thrive.

I really enjoyed speaking last night at Startup Grind Buffalo, which was part of a larger event called Startup Scramble and also part of 43North Week.  The week culminates tomorrow with awarding $5 million to a handful of startups competing in 43North’s business plan competition.  All award recipients are committed to operating their businesses here in Buffalo, NY for at least the next 12 months, which is great for our growing entrepreneurial scene.

Last night I was asked what Buffalo needs in order to thrive and the answer was easy; more startups and entrepreneurs.  Silicon Valley Bank’s 2013 Startup Outlook report noted that 91% of software technology startups would hire additional staff this year.  As I said to the audience last night, we’re the engine that drives economic development and the momentum has never been greater here in Buffalo and upstate New York.  The cumulative effects of entrepreneurship are transformative, and our regional efforts to strengthen the ecosystem are starting to pay off.

This morning our local business paper published a story about the upcoming 43North award ceremony where VC and long-time Buffalo evangelist Jordan Levy says of the competition that brought in entries from 90+ countries around the world, “Success will breed more success, and that’s the objective here.”

So we’re riding pretty high these days in Buffalo.