A total of 20 businesses associated with Buffalo University and Erie Community College through the Start-Up NY initiative have generated 300 jobs and attracted $5m in funding.

Kore, which provides business management software for entertainment companies and sports franchises, has formed a strategic investment arm and closed its first deal.

Corporate joint venture Mainport has contributed to a funding round for Eye on Air, a startup developing technology to detect explosives residue at airports.

Conglomerate Loxley's IT services subsidiary Loxbit has combined with private equity fund TIH to form a fund that will back Thailand-based startups.