No. 433: A cannabis crew, a windy forecast, and something’s very fishy in Long Island Sound

Dream big: Marking a defining moment of the American Civil Rights Movement, the Rev. Dr. Martin Luther King Jr. delivered his “I Have a Dream” address -- one of the most iconic speeches in American history -- from the steps of the Lincoln Memorial on Aug. 28, 1963.

 

Almost there: Hang on, dear readers … you’re halfway through this unofficial last workweek of the Summer of 2019, with a well-earned holiday weekend in sight.

Black tie: The Chairman, with a hand from second wife Ava Gardner.

Tie one on: It’s Wednesday, Aug. 28, and we’re not saying things are dragging or people have mentally checked out as summer winds down, but the best we can do today is National Bow Tie Day.

On that note, a gentle reminder that Innovate LI will be sticking our virtual toes in the sand for a few days, so no newsletter on Friday or on Labor Day. We’ll be back with fresh website content Tuesday and a crackling new newsletter one week from today (Sept. 4).

Slow marinade: After failing to recreate a popular Indian glaze, forgetting their unappetizing concoction in a basement for several months and discovering time had turned it into something delicious, Worcester pharmacists John Lea and William Perrins began manufacturing their famous Worcestershire Sauce on Aug. 28, 1837.

All American: Its circulation would pass 30,000 readers within 10 years, but Scientific American was just a small weekly journal when editor, inventor, schoolmaster and portrait-painter Rufus Porter published the first issue on this date in 1845.

Glide path: Montgomery, with the wind at his back.

Current event: The Montgomery Glider – the first aircraft incorporating flight controls and a shaped airfoil, allowing it to take advantage of live wind conditions – carried innovator John Montgomery over a California field on its maiden flight on Aug. 28, 1883.

What can brown do for you? Known first as American Messenger Service, the United Parcel Service was launched on this date in 1907 by enterprising teenager James Casey.

Overcome: And it was Aug. 28, 1963, when 200,000 white and black women and men marched on the nation’s capital, and the Rev. Martin Luther King Jr. delivered his momentous “I Have a Dream” speech.

Delivered excellence: Charles Rolls (1877-1910) – a British automobile manufacturer and aviator who cofounded the Rolls-Royce Ltd. automobile company before dying in a plane crash at age 32 – would have been 142 years old today.

Also born on Aug. 28 were illustrative ornithologist Roger Peterson (1908-1996); famed children’s book author Tasha Tudor (1915-2008); comic book icon and Stan Lee collaborator Jack Kirby (1917-1994); and standout country-music star Shania Twain (born 1965).

Wonder woman: Sheryl Sandberg, no cover girl.

Lean on her: And take a bow, Sheryl Sandberg – the Facebook COO, former Google VP, Lean In founder, author, billionaire and one-time member of Time’s 100 most-influential turns 50 today.

Wish the tech titan, the “Captain America” co-creator and all the other Aug. 28 innovators a happy birthday at editor@innovateli.com. We’ll take the presents, please and thank you – story tips, calendar items, all shapes and sizes.

 

About our sponsor: Hofstra University is an engine for research and innovation, combining a Center for Entrepreneurship, a Center for Innovation, the expertise of its faculty, the energy of its students and the state-of-the-art resources of its schools of engineering and applied science, business, law and medicine to drive and transform the region’s economy. Visit us.

 

BUT FIRST, THIS

On the way to the forum: The Long Island Capital Alliance has assembled a high-flying collection of presenters and panelists for its next Capital Forum, this one focused on the legal cannabis industries.

The quarterly (or thereabouts) networking events allow early-stage companies to make short business pitches to, and then engage in Q&As with, a panel of industry experts, in front of a live audience of potential investors. For the Cannabis Capital Forum, panelists include Altitude partners Mitch Baruchowitz and Jon Trauben, Navy Capital partner Jeff Schultz and CCO General Counsel Justin Ort.

They’ll be hearing from representatives of medical-marijuana gateway MarijuanaDoctors.com, cannabinoid-based therapeutics manufacturer Scopus Biopharma, medical-cannabis pioneer Tikun Olam and CBD-infused vitamin-maker Pura Vida Health. Ticket pricing, registration and more information on the Sept. 27 forum, slated to begin at 8 a.m. at the RXR Center in Melville, available here.

World of tomorrow: Albany is seeking the right construction manager to bring the new JFK to life.

Now hiring: Albany is requesting proposals from professional construction-management companies interested in taking the reins of the John F. Kennedy International Airport Redevelopment Program.

The official RFP issued by the Port Authority of New York and New Jersey seeks a qualified firm to “assist in the oversight of the performance of all contractors” for the multi-year airport makeover, which includes construction work in major terminals, design-build contracts for new parking garages and substations, the construction of elevated roadways, utility infrastructure improvements, airfield modifications (including work on new taxiways), demolition of existing buildings and extensive traffic management.

“We want to ensure that we have a proven partner on our side to help oversee and assess the progress we are making,” Gov. Andrew Cuomo said Tuesday. “To enhance this major infrastructural undertaking, we are looking for management firms capable of executing the vision we have laid out.”

 

TOP OF THE SITE

Wind chill: The Trump Administration is predictably frosty on offshore-wind development, but regional energy guru Bob Catell expects the industry to stay hot.

Artificial reef, real impact: Year Two of Albany’s Artificial Reef Initiative dives into the Long Island Sound – and the fish are biting.

The road back: The latest fiscal quarters for Misonix and Veeco Instruments weren’t stellar, but both companies showed signs of turning things around.

 

VOICES

Looking the part: Corporate law ace Eugene Barnosky suits up this week with a stylish piece on an important (and often overlooked) factor for entrepreneurs: dress codes.

 

STUFF WE’RE READING

Keep it real: From Forbes, humanizing innovation in a data-driven word.

Keep it close: From Fast Co., the 10 books top CEOs always have on hand.

Keep the faith: From Euronews, how Britain’s oldest cathedrals are innovating to attract younger parishioners.

 

RECENT FUNDINGS

Africa unlocked: Authentic food, culture, adventure await.

+ Tastemakers Africa, a New York City-based travel-experiences marketplace focused on Africa, has raised $1.4 million in seed funding from investors including Precursor Ventures.

+ Fund That Flip, a NYC-based real estate lending marketplace, raised $11 million in venture funding from investors led by Edison Partners.

+ Motif Ingredients, a Massachusetts-based platform for reducing the environmental impact of animal agriculture, raised $27.5 million in funding led by General Atlantic, with participation from CPT Capital.

+ Landos Biopharma, a Virginia-based company focused on oral therapeutics for autoimmune diseases, raised $60 million in Series B funding led by RTW Investments, Perceptive Advisors, Osage University Partners and PBM Capital.

+ C2FO, a Missouri-based online marketplace to source working capital, received $200 million in funding led by SoftBank Vision Fund, with participation from Temasek and Union Square Ventures.

+ Boll & Branch, a New Jersey-based designer and retailer of sustainable home goods, received a $100 million strategic investment from the Flagship Buyout Fund of L Catterton.

 

BELOW THE FOLD

Say it ain’t snow: You know nothing, Farmer’s Almanac.

Winter is coming: Long Island lines up for a cold and snowy “polar coaster.”

King of the North: Canada introduces a five-year international education strategy heavy on immigration and innovation.

A Lambda always pays his debts: A pay-it-forward coding school unveils a unique solution for spiraling student debt.

Master of coin: Please continue supporting the great institutions that support Innovate LI, including Hofstra University, where the Center for Entrepreneurship promotes innovation throughout Long Island (and the rest of the Seven Kingdoms).