News

Debrief: Kimberly Cline, Long Island University

As the 10th president in LIU history, Kimberly Cline heads a 90-year-old institution with Long Island and Brooklyn campuses, 20,000 students and over 500 distinct degree programs. Like her predecessors, she must safeguard the quality and reputation a large and comprehensive private university. But the first woman ever to serve as LIU president, now completing her second year in office, must do it in an era when collaboration with the surrounding business community has become…


FCC decides no mo’ stalling on robocalls

By J.L. KOMINICKI // In a decided victory for Port Jefferson-based startup Nomorobo, the Federal Communications Commission has adopted rules that give telephone companies wide latitude in blocking robocalls and spam text messages on landlines and wireless phones. Nomorobo, whose cloud-based, patent-pending technology has hung up on millions of unwanted telemarketing calls over the past two years, was among two dozen companies lobbying the FCC to block so-called robocalls, which the agency concedes is the…


Dan Simon is looking for a banner year

By GREGORY ZELLER // At the intersection of art, science and community, there is Signwave. Founder and President Dan Simon’s nine-month-old Islandia company designs and manufactures all shapes and sizes of custom commercial signs and vehicle wraps. But more than that, Signwave – fully cognizant of the influential role signage plays in society – promotes a sense of place. “Signs have always been the markers we use to identify neighborhoods and commerce,” Simon told Innovate…


The Inventors: Joe Ferraro, Smart ECO-Cap

As the veteran manager of a small manufacturing company with a long aerospace history, Joe Ferraro is accustomed to working with his hands. In particular, he works often with steel and other hard metals, giving him a workman’s grip that, at a minimum, should be able to easily puncture something as flimsy as the safety seal on a bottle of vitamins. Or so he thought. It was during a titanic struggle with such a safety…


In Suffolk, a call for an innovation connection

By GREGORY ZELLER // The ambitious master plan Suffolk County Executive Steve Bellone unveiled Tuesday – new public transportation options linking Suffolk’s burgeoning downtowns and major research centers – has plenty of regional support. But even ardent backers can’t ignore the project’s estimated price tag. Bellone’s sweeping plan, dubbed the Long Island Innovation Zone, includes a dedicated rapid-transit bus lane running from Stony Brook University to the Village of Patchogue that parallels a new hiking/biking…


With Topspin round, Codagenix steps on the gas

By GREGORY ZELLER // Last year, when local venture firm Topspin chipped in on a $100,000 infusion for Stony Brook-based biotech Codagenix, it gave the startup a fairly clear idea of what to do with the money. “We had suggested to them that they needed to tighten up some aspects of their clinical data, and in fact they used the money to do just that,” said Steve Winick, Topspin’s managing director. “The tests came out…


Bettr founders Asish Pandhi and James Knaus.

A new LISTnet effort nurses baby startups

By GREGORY ZELLER // LISTnet has kicked off a networking and mentorship organization for the founders of local startups, and there’s no technical background required, despite its connection to the Island’s leading software dot-org. Called the Rising Founders Club, the invitation-only group brings together entrepreneurs across all sectors who are somewhere beyond the concept phase. “These are people who are active in the startup community and have shown they have something going already,” said LISTnet…


Cox acquiring LI’s Dealertrack in $4B all-cash deal

Lake Success-based Dealertrack Technologies has agreed to be acquired by Atlanta’s Cox Automotive for $4 billion in cash, the companies announced Monday. Dealertrack, which employs about 500 locally, has been planning a giant new headquarters in North Hills, but the firm is no longer sure it will remain on Long Island. “The deal should close in the third quarter,” company spokesman Michael DeMeo told LIBN. “We’ll know more after that.” Last year, the Nassau County…


DEBRIEF: Mitch Maiman, Intelligent Product Solutions

Many CEOs and businesses capitalize on Long Island’s burgeoning innovation economy, but few support it like Mitch Maiman and Intelligent Product Solutions, a Hauppauge consultancy focused on product design. With forward-thinking advances like IPS’s new Internet of Things practice group – it helps manufacturers install interconnected “smart” tech into just about everything – Maiman’s mission is simple: Unite the Island’s disparate enterprises into a single cohesive force. In Mitch’s own words: COME TOGETHER: We help…


P-TECH quietly preps future manufacturing stars

By GREGORY ZELLER // Long Island wasn’t on the list when Gov. Andrew Cuomo announced a new round of Pathways in Technology funding June 5, but Island educators and businesses say they are making good progress with a grant LI snagged in 2013. Of course, they’d like more. Known as P-TECH, after its clunky, acronym-focused name, Pathways in Technology Early College High School, the program supplies funding to applicants that focus on STEM education. Long…


Many ways to bring home the bacon

By GREGORY ZELLER // It may be the most unique professional trifecta in Long Island history. Radiological technologist Patrick Gaeta, an X-ray technician at Port Jefferson’s Long Island Bone and Joint, is also co-owner of Wading River barbecue joint North Fork Bacon & Smokehouse. And last month, the ever-entrepreneurial Gaeta launched a second private business: an aerial photography enterprise using an imported Chinese drone. Combining healthcare, high-tech gadgetry and finger-licking gastronomy is the perfect amalgam…


Vasomedical’s big move into on-demand tech

By GREGORY ZELLER // Vasomedical’s acquisition this month of a Florida-based managed network provider named NetWolves may serve as a template for the future of U.S. health care. A big view, for sure, but it comes from Jon Linkous, CEO of the American Telemedicine Association, a Washington-based nonprofit promoting the use of remote medical technologies. Citing the evolution of interactive, on-demand technology in other industries, Linkous believes “health care is next,” and says the acquisition…


Almost 60 years later, still very much a startup

By GREGORY ZELLER // “Innovative” is often associated with “new,” but when it comes to Long Island’s innovation economy, the region’s oldest biopharmaceutical company is leading the pack. With a five-person staff and a market cap over $300 million, Lynbrook’s BioSpecifics Technologies Corp. is one lean, mean biotech machine – and the most profitable days for the firm, which launched in 1957 among the nation’s first batch of biotech startups, may lie ahead. Consider the…


State hires Newmark, Cushman to push Start-Up NY

The state has hired two of New York’s top real estate firms to help market space at state schools for its Start-Up NY business incubator program. As part of the deal, Cushman & Wakefield will handle upstate and western New York, while Newmark Grubb Knight Frank will rep Long Island and other adjacent regions. New York City, where SUNY schools already have relationships with area brokers, is not included in the program. Cushman and Newmark…


Small business confidence report: Meh

The NFIB Small Business Optimism Survey climbed 1.4 points to 98.3 as six of 10 components improved. “It appears that the small-business sector has finally attained a normal level of activity, which will hopefully keep the economy moving forward, even at a subpar pace,” NFIB chief economist Bill Dunkelberg said. The Index of Small Business Optimism increased 1.4 points to 98.3 in spite of 5 months of what he called “lousy” growth. May is the…