BUFFALO, NY – The University of Buffalo named Eveliqure Biotechnologies as the fastest growing company owned or led by an alumni or former student at its Fast 46 gala on Thursday, September 15.
The Fast 46 Competition is named in honor of UB’s founding in 1846. Its mission is to recognize successful businesses led or owned by UB alumni or former students. To be considered a Fast 46 finalist, eligible companies must have been in business for at least three years. Have verifiable income of at least $100,000 in 2018 and 2019 and at least $250,000 in 2020; owner, CEO, president, managing partner, director, or chair must be an alumni or former student of UB must be
Fast 46’s verification firm, The Bonadio Group, determined the ranking by analyzing three years of financial data provided by each company. Based on their analysis, Eveliqure Biotechnologies, led by Gábor Somogyi, who completed his MBA in 2003, was named the fastest growing company, as confirmed by revenue growth. This biotechnology company has developed a novel vaccine technology platform that induces broad protection against pathogens that cause diarrheal diseases endemic to low-income communities. This health problem is a leading cause of child mortality worldwide and prevents travel to these regions.
Over 350 companies were nominated for this award. Of his 46 finalists, 25 are in western New York, 16 are US companies outside western New York, and 5 are outside the US.
“These seasoned alumni business owners are tackling challenges, developing advanced solutions, and contributing to economic development here in western New York and beyond,” said Satish K. Tripathi, president of UB. increase. “We at UB would like to thank all the finalists for setting an example for our academic community in developing the next generation of innovators and entrepreneurs.”
“This competition demonstrates the entrepreneurial spirit of UB alumni and showcases successful alumni who are building businesses in western New York, across the nation, and around the world,” said vice president of Alumni Engagement and Annual Giving. said Thomas McArthur of EdM ’08. .
“We are honored to receive such a prestigious award among so many outstanding companies,” said Somogyi. “We emphasize that great things can be done from Buffalo. We need to believe in ourselves, be brave, and build on the knowledge and mission we have at UB.”
Denise Neamon, partner at The Bonadio Group, said: “On behalf of everyone at our firm, we congratulate the winners on their success and wish them continued growth in the future.”
The UB Alumni Association is a presenting sponsor of Fast 46. In addition to support from The Bonadio Group, Fast 46 is sponsored by Bank on Buffalo and KeyBank.
