Buffalo Business First recently highlighted Radial Ventures, a new venture studio in Buffalo, NY, powered by the 43North Foundation.
The article focused on how Radial gives early-stage startup companies a competitive edge by pairing ambitious founders with an experienced team of entrepreneurs, engineers and designers. The team quickly tests and builds initial vesions of the product, gets them to market and then prepares them to raise larger rounds of funding to fuel growth.
Radial Venture was created based on a rising trend in the U.S. of using venture studios for economic development. The idea is that by building intentionally within a region, you create more IP and startup companies that are rooted in that place. The expertise a venture studio offers also helps early-stage companies bridge the tenuous early days of assessing market size and potential product-market fit.
Read the whole article here!
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