News

Henry Schein CEO Stanley Bergman

Henry Schein’s $11 billion niche

BY GREGORY ZELLER// Even for a company as large as Henry Schein, months don’t get much bigger than this. On April 17, one of Long Island’s best-known brands marked its first month on one of the planet’s most prestigious stock indexes. Henry Schein announced March 16 that it had been selected by S&P Dow Jones Indices to join the S&P 500, following Long Island’s Kimco Realty, Cablevision Systems Corp. and Pall Corp. Next came word…


No Sandy funds for LI

In infrastructure, cautious gratefulness

BY GREGORY ZELLER // Governor Andrew M. Cuomo announced the award of $22 million in federal grants to rebuild New York bridges, reinforce sea walls and strengthen anti-flooding measures this week. Surprising approximately no one, Long Island was excluded from the list. The money, from a Federal Emergency Management Agency hazard mitigation fund, is going to three New York City projects and one spanning upstate Oneida and Herkimer counties, with none earmarked for infrastructure improvements…


Traverse CEO Joseph Scaduto

Traverse readies the move to market

BY GREGORY ZELLER // Armed with a just-executed licensing agreement for a suite of anti-inflammatory drug therapies, two-year-old Traverse Biosciences is stepping up efforts to land the investors and strategic partners necessary for rapid product development. The licensing agreement with the SUNY Research Foundation gives Traverse rights to compounds developed by Stony Brook University faculty members Lorne Golub and Francis Johnson and known as — science alert — polyenolic zinc-binding agents. Their leading drug candidate,…


Hofstra Center for Innovation

At Hofstra, collaboration without losing your stuff

BY GREGORY ZELLER // A Hofstra University effort to combine industrial and educational forces is breaking the innovation mold. And intellectual property rights are only part of the sea change. Many universities now host “innovation centers,” noted Kevin Craig, director of Hofstra’s Center for Innovation, and Hofstra’s version does what most of the others do: accelerate development and commercialization of new technologies by fostering collaboration between industry, school faculty and students. And Hofstra carves itself…


DNA discoverer James Watson

Watson makes $1M CSHL gift

A million-dollar donation to Cold Spring Harbor Laboratory? Doctor Watson, we presume. And that presumption, of course, is correct: CSHL Chancellor Emeritus James Watson and his wife, Liz, have done it again, donating $1 million to support biomedical research and education at the laboratory, where Watson served as director for decades. That makes a tidy $5 million donated to CSHL, to date, by Watson, a Chicago-born molecular biologist, zoologist and geneticist who led the National…


Feinstein partnering with Australian pharma

The Feinstein Institute for Medical Research has inked a partnership deal with Novogen, an Australian pharmaceuticals giant and parent company of San Diego-based MEI Pharma, which produces a growing list of anti-cancer drugs already in the clinical stage. The collaboration is intended to develop new pharmaceutical treatments to battle brain cancers, which are currently treated by surgical removal, which traumatizes surrounding healthy brain tissue, and chemotherapy, which is limited by the brain’s natural defenses against…


Ram Maramara of Brimes Energy

Looking to make a splash

Industrialist Ramuel Maramara may have reinvented the way oceanic energy is harvested. If his artificial jellyfish proves seaworthy. That’s the next big test for Maramara and Brimes Energy, the Stony Brook-based startup he incorporated in 2014. Already a successful businessman on two continents – well, one continent and an archipelago – the Filipino native and his team are planning ocean testing this summer for a “jellyfish” device that improves upon Salter’s Duck, the longstanding top…


Mike Seiman, CPXi founder

Hofstra’s CPXi pitch challenge nears finals

Hofstra University is shaking up this year’s CPXi Venture Tech Challenge, a $100,000 student business-plan contest that’s touted as one of the richest in the country. Now in its third year, the challenge offers students the chance to pitch new products or services with hopes of winning $50,000 in seed funding, or smaller amounts for finishing in the top five. New for 2015: The judges will be entering the April 29 finals without prior knowledge…


Lipsky

DEBRIEF: Paul Lipsky, MindYolk/LIVP

It takes a village. That basically defines Paul Lipsky’s hankering to unite Long Island’s creative-tech community. A digital animator with 25 years of professional experience, Lipsky is the CEO of MindYolk, a Plainview 3D animation studio, which he runs as a solopreneur with a healthy roster of freelance artists. He’s also founder of Long Island Visual Professionals, not a networking organization, per se, but a mutual-support group for entrepreneurial creators wielding digital tools. The LIVP…


jobs available in New York

State’s job board sets record on tech employment

Tech-based jobs rule the roost on New York State’s Jobs Express website, an online resource looking to connect the unemployed with companies in search of fresh blood. According to the state, the Jobs Express site has set a new record with over 115,000 private-sector positions listed – and a healthy portion of those jobs are technology-related, falling into categories such as “Computer and Mathematical,” “Healthcare Technical” and “Healthcare Support.” The Jobs Express site (www.jobs.ny.gov) sorts…


ALI director Mark lesko

Accelerate LI to partner on $1.5M seed fund

New York State has awarded $1.5 million to a new seed fund designed to invest in downstate companies commercializing research from local laboratories and universities. The fund will be administered by Accelerate Long Island and the SUNY Research Foundation and will handle investments on Long Island, parts of New York City and the Hudson Valley. The $1.5 million will be matched by the university system’s investment arm and with private money from local venture firms…


Sticking it to the Man

By GREGORY ZELLER // Katarzyna Sawicka has authority issues. Not that you can really blame her. Ever since she was an undergrad at Stony Brook University, she was told her cutting-edge ideas about chemistry wouldn’t fly, that the laws governing chemistry and physics were immutable. The “authorities” – a word she uses often in place of “experts” and “the guys signing the checks” – just didn’t think she had the goods. But Sawicka was pretty…


Mindy Bickel

PTO’s Bickel on Long Island

Mindy Bickel, the U.S. Patent and Trademarks Office’s New York representative, will hit Long Island on April 30 for a talk on patents, trademarks, copyrights, trade secrets and other intellectual property. The event is set for the Nesconset branch of the Smithtown Library, from 7 to 8:30 p.m. Entrepreneurs, business owners and IP attorneys welcome. The branch is located at 148 Smithtown Blvd. Call 631.360.2480 for additional information.


yik yak

Bumping up against the boundaries of free speech

BY GREGORY ZELLER Sometimes, there’s a thin line between criminality and the $300 million startup. Make that razor-thin in the case of the anonymous messaging service Yik Yak, and according to some, the company and its product have already crossed the line. The social messaging app designed for hyper-local engagement – service is limited to a 1.5-mile radius from a particular local-service node – has been banned from several college campuses across the country, following…


Entrepreneur club

Startup House founder at Suffolk inventor’s meetup

Shmulik Shahar, founder of the Seed Startup House, discusses software and app development at the Suffolk County Inventors and Entrepreneurs Club, April 21, from 7 to 9 p.m. Shahar has almost 20 years experience as a team leader, software R&D manager, CTO and CEO for companies large, small and starting up, both international and domestic. He holds a BA in computer science from the Open University in Israel. The meeting will be held in the Media…