News

Hofstra lands $2M for engineering, robotics and big data programs

Hofstra University was awarded $2 million in state grants on Monday to expand its School of Engineering and Applied Science and create new laboratories and classrooms focusing on big data and robotics. The grants were part of more than $181 million in economic development funding approved for 24 projects that will create 1,500 new jobs and retain 2,000 existing positions, the state said. The funding will also leverage more than $5 billion in private assets…


ALI director Mark lesko

The Debrief: Mark Lesko, Accelerate Long Island

Three-year-old Accelerate Long Island has been quietly investing in biotech and clean-gen startups, building an MIT-styled mentoring program and pulling together the stray ends of the entrepreneurial ecosystem via dinners, bootcamps and other forms of meetups. So far so good, but now what? We check in with executive director Mark Lesko for a recap and a few hints on what’s coming. In his words: WAY BEYOND ADVOCACY: Accelerate Long Island is principally a seed fund…


Office Depot CIO joins Cablevision

Technology veteran Keith Sherwell has been named chief information officer at Cablevision, leaving a similar job at Office Depot after nine months. The Cablevision post is a new position that spans multiple divisions. Before joining Office Depot in September, Sherwell had been CIO at Sears and, for 13 years, senior veep of technology at American Express. Sherwell reports to Cablevision CTO David Dibble, previously head of Yahoo’s global infrastructure.    


eGifter closes $3.5M angel investment, adds Italy deal

eGifter, the Huntington-based digital gifting platform, has closed on a $3.5 million investment round and announced a partnership that will expand the brand in Europe. The funding comes from the Long Island Angel Network, BDS Capital, Angel Dough Ventures, 94Bits and “several angel investors,” according to the company. The latest round, which pushes the startup’s total funding above $6 million, will help eGifter accelerate its growth by adding R&D, sales and marketing staffers, according to CEO…


New refrigerant rules = hot times for Priority Cool

By GREGORY ZELLER // With new refrigeration standards sweeping the globe, a Bay Shore company with proprietary rights to an advanced coolant formula is poised to cash in on a potential $10 trillion industry. Pretty cool, right? Green Way Solutions, dba Priority Cool, has only been manufacturing its patent-pending hydrocarbon blend since January, but it’s already estimating $3 million in 2015 sales – and that’s without tapping the enormous U.S. market. According to company officials,…


The Brew Bus: Ready to barrel on down the highway

By GREGORY ZELLER // Brad Darrohn likes beer. Specifically, the partner at Bohemia-based online marketing firm Fishbat enjoys craft beers, those brewed in small batches by local beer lovers like himself. Long Island has a thriving microbrew culture, but its geographical sprawl presents a problem for those who would enjoy their suds responsibly. But also an opportunity. Lamenting that a single-day tour of the Island’s widespread breweries using conventional transportation was virtually impossible, Darrohn determined…


No Picture

Fashioning a presidential run

With the cost of a successful presidential campaign now pegged above $1 billion, no surprise Hillary Clinton is selling campaign geegaws that were once standard giveaways. Supporters are being asked to shell out $20 for a wire-and-plastic yard sign, for example, and a full sawbuck for a car magnet. Bumper stickers go for $5 the pack. For the deeper pocketed, the hillaryclinton.com site offers a $55 “A Woman’s Place is in the White House” throw…


CA buying Colorado software firm in $480M deal

CA Technologies has agreed to acquire Rally Software Development Corp., a Boulder-based software and services firm, for $19.50 per share, or roughly $480 million. Shares of Rally jumped 45 percent on news of the deal, while CA was off 1.5 percent. Rally has approximately 500 employees across four continents and last-year sales of $88 million. “Software applications are changing the world, disrupting established business models and bringing in completely new experiences in areas from travel…


Feinstein eyes $400M center for bioelectronic med

By GREGORY ZELLER // Hundreds of millions of dollars, 250,000 square feet, dozens of laboratories and one throbbing center at the heart of a reinvigorated Long Island economy. Yep. Kevin Tracey thinks big. His vision for a sparkling new Center for Bioelectric Medicine is barely past the drawing board, but already the president and CEO of the Feinstein Institute for Medical Research – the R&D arm of the North Shore-LIJ Health System – envisions a…


Start-Up NY gets passing (barely) grade from Siena

Start-Up NY won narrow support from voters in a Siena College poll released Tuesday, with 52 percent of respondents saying they favor the program, which gives tax breaks to companies willing to relocate to approved college campuses. The majority of the support – 62 percent – came from Democrats, with the program resonating the strongest geographically with NYC and its suburbs. Only 45 percent of upstate residents said they supported the benefits. Start-Up has been…


At BNL, big ideas come from thinking really small

By GREGORY ZELLER // And you thought only children built with blocks. Brookhaven National Laboratory scientists do, too – only their blocks are about one-billionth of a meter long and are held together by synthetic DNA strands. And it’s not actually the scientists doing the building, but the blocks themselves: Those strands, while much shorter than the twisted-ladder chains comprising, say, human cells, are encoded with instructions that enable the nanoparticles to “self-assemble.” Mind blown…


The art of workforce development

By GREGORY ZELLER // Long Island’s LaunchPad ecosystem, one of several fronts in the war against the Island’s “brain drain,” is facing a recruiting crisis. Many businesses within the LaunchPad system – a co-working environment for startups and entrepreneurs that now includes facilities in Great Neck, Hicksville, Huntington, Mineola and Stony Brook – are finding their recruiting processes hampered by “a lack of available talent and a shortage of innovate thinkers,” according to Hofstra University….


DEBRIEF: Congressman Lee Zeldin

The transition from Albany to Washington has been an eye-opener for freshman U.S. Rep. Lee Zeldin, the 1st District Republican. Not yet six months into his first congressional term – and with challengers already lining up for the 2016 election – he’s getting a much clearer picture of how Long Island fits into the massive jigsaw that is the U.S. economy. And he’s finding that whatever topic is on the table, economics are always in…


Taking North Shore-LIJ to market

By GREGORY ZELLER // With two spinoffs in play and as many as 10 waiting in the wings, the North Shore-LIJ Health System is ramping up its commercialization efforts at STAT speed. In particular, a series of ambitious collaborations between North Shore and the Cleveland Clinic – a nonprofit, multispecialty medical center melding hospital care with research and education – are beginning to bear commercial fruit. Speaking at a Long Island Association event on Thursday,…


It’s Memorial Day, time for a new heating plant

The heat is off at Adelphi University. But that’s OK, it’s summer. By the time the cold weather rolls around again next fall, the heat will be on again – and the university will be saving more than $1.6 million annually in energy costs, while drastically reducing its carbon footprint. After a multiyear search for the right project, at the right price, to replace its aging and inefficient boiler system, the Garden City university has…