News

SBU researcher eyes crowdfunding success factors

By GREGORY ZELLER // The ultimate success of a crowdfunding campaign depends largely – but not exclusively – on the product or service at hand. That’s the main thrust of “Reward-Based Crowdfunding Success: Decomposition of the Project, Product Category, Entrepreneur and Location Effects,” a research paper published in June by Venture Capital, an international journal of entrepreneurial finance. The paper – completed by a quartet of researchers, including lead author Richard Chan, an assistant professor…


LI schools snag $12.6M in state facilities funds

By GREGORY ZELLER // Seven-figure stipends are flowing to private colleges and universities across Long Island as part of a hefty package of state grants supporting statewide campus-infrastructure projects. All told, Albany has announced more than $67.1 million in grants for capital projects at 39 institutions of higher learning through the latest round of the state’s Higher Education Facilities Capital Matching Grant Program. Each of the awards was greenlighted by the HECap Board, which provides…


Debrief: For STEM warrior Havasy, it’s personal

Don’t get Ray Ann Havasy started about STEM. Actually, please do – the founder and director of the Center for Science Teaching and Learning is more than happy to dish on the benefits of STEM education (for science, technology, engineering and mathematics) and the importance of engaging young minds way before high school. That’s one of the two main components of the Rockville Centre-based CSTL, which launched in 2000 first as a continuing-education effort for…


Survey: FSC grads going against ‘brain drain’ flow

By GREGORY ZELLER // If Farmingdale State College isn’t plugging Long Island’s infamous “brain drain,” it is at the very least reversing the flow a bit. The college’s most-recent annual alumni survey shows that 90 percent of bachelor-degree recipients find employment within six months of graduation – with three-quarters of those workers employed full-time and more than eight out of every 10 working in the Greater New York region, including Long Island. So says the…


Nerve-stim startup Sanguistat shuffles its deck

By GREGORY ZELLER // A Connecticut-based biotech spun out of the Feinstein Institute for Medical Research has assembled a powerful collection of advisors and directors, including corporate heavyweights and recognized global leaders in the burgeoning field of biolelectronic medicine. Sanguistat Inc., a 2016 clinical-stage medical-device startup, has named Feinstein Institute President and CEO Kevin Tracey as chairman of its Scientific Advisory Board, a role that will leverage the pioneer’s decades of groundbreaking bioelectronics research. The…


Feinstein prof snags $3.5M for bladder-cancer effort

By GREGORY ZELLER // The National Institutes of Health is backing a Long Island-based researcher’s efforts to develop a first-of-its-kind care program for post-surgical bladder cancer patients. Michael Diefenbach, a fellow of both the Society of Behavioral Medicine and the Academy of Behavioral Medicine Research and a professor at Northwell Health’s Manhasset-based Feinstein Institute for Medical Research, has earned a five-year, $3.5 million grant from the NIH’s National Cancer Institute. The funds will be used…


LI duo takes top spot in Spellman clean-tech contest

By GREGORY ZELLER // A Long Island team has taken top honors in a global clean-tech competition for forward-thinking high schoolers. Featuring teams from across the United States and as far afield as Peru, Ireland, Australia and Singapore, the 2018 Spellman HV Electronics Clean Tech Competition was designed to promote STEM concepts (for science, technology, engineering and mathematics) while challenging participants to tackle real-world environmental challenges. The seventh-annual international brain-a-thon, sponsored by Hauppauge-based Spellman High…


With clever new focus, hope floats at Energystics

By GREGORY ZELLER // In the movies, the hero routinely saves the world in a single bound – but in real life, getting there often requires many smaller steps. Such is the lesson learned by innovator Reed Phillips and his Stony Brook-based startup Energystics Ltd., which has always favored the slow-and-steady route but is now laser-focusing on a particular vertical that Phillips hopes will prove a gateway to much bigger things, and that right quick….


In Applied DNA’s new UL partnership, it’s safety first

By GREGORY ZELLER // A new deal with a worldwide safe-sciences leader will expand a Long Island innovator’s already-impressive global reach. Illinois-based UL, known primarily as Underwriters Laboratories for most of its 124-year history, has reached a “commercial agreement” with Applied DNA Sciences that will “lay the foundation for a significant new development in product authentication and supply-chain traceability,” according to a statement from Applied DNA. Financial terms were not disclosed, but the partnership will…


For ‘vehicle-to-grid’ startup, all roads lead to CEBIP

By GREGORY ZELLER // Technological tinkering comes easily to Ryan McIntosh, a do-it-yourself type with a mind for business and a clear affinity for mechanical constructs. Less clear to the self-described inventor and New Jersey City University graduate – he earned a degree in business administration, though “I was born an engineer” – are the finer points of patent law and commercialization. But he’s no dummy in this regard, either. And as McIntosh and his…


North Carolina firm snags Shoreham solar farm

By GREGORY ZELLER // A 25-megawatt Suffolk County solar farm has a new out-of-state owner. Duke Energy Renewables, a subsidiary of North Carolina-based electric power holding company Duke Energy, has completed its acquisition of the Shoreham Solar Commons project – officially, a 24.9-MW facility located in the Town of Brookhaven, on the site of the former Tallgrass Golf Course. Duke Energy Renewables acquired the farm – which as of July 1 began providing power to…


In Holtsville, a crowning clean-gen achievement

By GREGORY ZELLER // Long Island’s food-and-beverage king has completed an ambitious solar installation promising royal benefits – for itself, and for the regional power grid. Along with its partners at New York City-based EnterSolar, major league distributor J. Kings Food Service is celebrating its new 771-kilowatt rooftop solar installation, permanently affixed atop the 44-year-old titan’s Holstville headquarters. The distributor and the circa-2005 energy company were set to commemorate the solar system’s completion with a…


Good sports Hofstra, Northwell team up (once again)

By GREGORY ZELLER // Hofstra University athletes will now receive primary medical care directly from New York State’s largest healthcare provider. The Northwell Health Orthopaedic Institute – part of New Hyde Park-based Northwell Health, the state’s largest healthcare provider by number of practitioners and number of patients – will “coordinate and provide primary care” for Hofstra’s men’s and women’s teams, Northwell Health announced this week. The university’s 300-plus student-athletes, who compete annually in 17 different…


One year later, Hicksville’s downtown gears up

By GREGORY ZELLER // Nearly a year after it was named the regional winner of Albany’s second-annual $100 million downtown-revitalization contest, Hicksville’s new downtown is beginning to take shape. Governor Andrew Cuomo’s office this week announced the start of four “transformational projects” for downtown Hicksville, a census-designated hamlet within the Town of Oyster Bay, via the $10 million Downtown Revitalization Initiative award Hicksville won in August 2017. The “strategic, transit-oriented development investments” will increase access…


Hamptons Business District lands key tax deal

By GREGORY ZELLER // The evolving Hamptons Business District has received another substantial shot in the arm. The Suffolk County Industrial Development Agency has issued preliminarily approval of a new tax-abatement package that will help developer Rechler at Gabreski LLC construct its third building at the expanding Westhampton Beach business hub, located on the grounds of the county’s Francis S. Gabreski Airport. According to the IDA, the developer is investing $10.8 million in a construction plan at…