News

Calone files for run against Zeldin

David Calone, CEO of local venture capital firm Jove Equity Partners and head of the Suffolk County Planning Commission, has filed to run against 1st District Republican Rep. Lee Zeldin in next year’s congressional election. Calone made the filing to the Federal Election Commission last week. He also gave notice of the formation of Calone for Congress, listing Virginia Capon, president of the Three Village Democratic Club and a former Port Jefferson village board member,…


LIAN Chair Michael Faltischek

DEBRIEF: Michael Faltischek, LI Angel Network

As chairman of the board of the Long Island Angel Network – which has reviewed over 600 financing applications and brokered in excess of $5 million in investments – attorney Michael Faltischek is point man in the local effort to unite entrepreneurs and investors, a mission plainly focused on the Island’s future success and growth. He is earnest and good-humored about this mission, but be careful when you suggest the network has a “tech” focus….


David Hershberg, STS Global

CEWIT residents soft pitch the Angels

The board of the Long Island Angel Network heard presentations from four aspiring companies on Friday and, for a change, not one of them was asking for money. Soliciting investments was not the main goal of this particular meeting, held at Stony Brook University’s Center for Excellence in Wireless and Information Technology. The idea, noted Michael Faltischek, the LIAN chairman, was “more a means of educating the board about what CEWIT has to offer, to…


Bettr founders Asish Pandhi and James Knaus.

Ashish Pandhi and James Knaus have a Bettr idea

By GREGORY ZELLER // Even Ashish Pandhi and James Knaus know it can’t be this easy. That’s why the entrepreneurs continue to tinker tirelessly on the functionality and marketing of Bettr, a social media-management platform that aims to “give people a voice and make a difference in the world,” according to Knaus. Bettr won’t officially launch until this fall, but the precursors to the final product, Queue+ and Archive Poster, have achieved enough success that the…


East Hampton wins microgrid funding

East Hampton microgrid plan wins state funding

An East Hampton solar power and energy storage proposal was selected as one of five projects to share $500,000 in initial funding from the state’s community microgrid program, which is designed to create energy backup for local community networks during extreme weather events or emergencies. The NY Prize Microgrid Competition’s first five awards, $100,000 each, will fund feasibility studies at each location. Applications for the second- and third-stage funding, which first stage winners are eligible to…


stuart rabinowitz

State’s annual eco-dev competition set to start

The state kicked off its annual regional economic development council competition, which this year includes an extra $1.5 billion for upstate projects. As in previous years, the competition will split $750 million between New York’s 10 regional councils, with three top winners receiving $105 million each and others landing about $90 million per region. The program will also award three $500 million awards, to be disbursed at a rate of $100 million per year for five…


cpxi challenge winners

Lift Stick wins $50K in Hofstra biz plan contest

Hofstra students Nick Calderon and Kevin McCroary won the $50,000 top prize in the annual CPXi VentureTech student business plan contest on Wednesday for The Lift Stick, a device that alerts the wearer to improper posture that could lead to lower back injury. The pair have already begun sales of the Stick, but will get a significant leg up in production and marketing with their first-place winnings. Two teams tied for second place in the…


Farmingdale summer program

Farmingdale sets summer academics program

Farmingdale State College’s academic summer camps program kicks off May 23 with a series of weekend sessions on 3-D printing that runs through June 20. A variety of other classes will be offered through August, usually from 9:30 a.m. to 3:30 p.m. Included are: Architectural Modeling, a week-long course on the basics of bridge and building design, July 13-17; Health Science Careers; July 14-16; Introduction to Computer Gaming Design and Animation, Aug. 10-14; and Forensics/Criminalistics,…


LI Stem Hub at three

At age 3, STEM Hub looks back to the future

It’s been three years since the Empire State STEM Learning Network launched the Long Island STEM Hub, an amalgam of industry and academia on a mission to educate LI’s next-generation workforce. To support the region’s economic growth and high-tech vitality, the STEM Hub (for Science, Technology, Engineering and Mathematics) provides a focal point for businesses, students, teachers, higher education and worker-retraining operations. A “Back to the Future”-themed celebration will mark the Hub’s third anniversary, scheduled…


SulfCrete, Melville startup

SulfCrete readies its breakout pitch

BY GREGORY ZELLER // A rock-solid Brookhaven National Laboratory commercialization prospect is ready for its close-up. SulfCrete, a stronger, more environmentally friendly alternative to traditional concrete, will share the spotlight May 8 with four other regional innovations at the Long Island Capital Alliance’s Technology Transfer Capital Forum, a showcase designed to attract investors to some of the Island’s hottest IP. The result of decades of BNL R&D, SulfCrete is the stage name of sulfur polymer,…


Bellone kicks off economic development conference

Suffolk County doesn’t lack the transformative ideas that could position it for an innovation economy, but it has so far lacked the regional coordination that has been the hallmark of successful new economies elsewhere, County Executive Steve Bellone said Tuesday. Bellone, kicking off an economic development conference at Stony Brook University, challenged Long Island leaders at all levels of government to work together to keep young Long Islanders here and attract their counterparts from other…


ESPN sues Verizon

ESPN seeks legal halt to Verizon packaging

As threatened, ESPN has filed suit in New York’s Supreme Court over Verizon’s decision to include the sports network in its new discounted pay-TV package. The legal fight could slow efforts to create programming for young “cord cutters” who eschew traditional cable packages in favor of streaming online options. Verizon is offering its 35-channel Custom TV subscription package for $55 per month, with the option of adding other tiers of programming, including a sports package…


Howard Zemsky

17 join Start-Up NY program, but none on LI

A host of new companies have joined the Start-Up NY program, giving Gov. Andrew Cuomo’s flagging jobs-creation program a needed shot in the arm. Taking heavy fire over the program, including a coalition of state lawmakers and activists demanding the program be suspended and audited by the state comptroller, Cuomo fired back Monday, announcing that 17 new companies have signed on and are “committed” to creating 343 new jobs across New York. None of the…


Teq's Chris Hickey

New distribution deal in hand, Teq looks to bulk up

BY GREGORY ZELLER // Teq, the Huntington-based educational software firm, is about to go on a hiring spree after announcing a new international distribution deal. A producer of innovative classroom technology and software solutions focused on 21st century instruction, Teq announced Tuesday it had entered into a distribution agreement with SMART Technologies, an Alberta, Canada-based supplier of innovative business and education technologies. The deal will allow Teq to distribute its professional development and educational technology…


Nada Anid

DEBRIEF: Nada Anid, NYIT

Dean of the School of Engineering and Computing Sciences and an expert in commercial-academic partnerships, emerging technologies, sustainability and STEM education on the K-12 level, Dr. Nada Anid is a key shepherd of Long Island’s innovation economy. As the first female dean in the history of NYIT’s engineering and computing sciences program, Anid has strong viewpoints on the importance of introducing female students to traditionally male-dominated fields. And as a true believer in the economic power…