A Stony Brook University-based small-biz booster program is doubling down on federal Small Business Innovation Research award winners.
Through a $1.2 million Empire State Development Corp. incentives package administered by the university’s Small Business Development Center and the Research Foundation for SUNY, SBU has released the first set of matching grant funds to SBIR awardees in Nassau and Suffolk counties.
Four regional companies benefited from a total of $50,000 released this round, including Farmingdale-based vaccination specialist Codagenix and Brookhaven Technology Group, a physical-sciences innovator located in SBU’s Advanced Energy Research and Technology Center.
Also receiving funding were molecular-authentication ace Applied DNA Sciences, a member of the university’s Long Island High Technology Incubator program, and Yaphank-based Nanoprobes, a nanoparticle-research collaborative dedicated to finding cures for cancer and other diseases.
The matching state capital program leverages federal SBIR research awards to fund “vital research laboratory equipment,” create jobs and “accelerate technology and manufacturing commercialization,” the university said Monday.
Noting the daunting commercialization challenges faced by new technologies emerging from research at SBU, Brookhaven National Laboratory, Cold Spring Harbor Laboratory and other regional institutions, Stony Brook SBDC Regional Director Bernie Ryba said the matching-grant program was meant to “help further bridge the funding gap to assure entrepreneurial success.”
