Accelerate Long Island

Infrastructure, Big Data: It’s all in a day for busy Bill

By GREGORY ZELLER // These are busy days for William Biamonte, a forward-thinking entrepreneur with multiple oars in promising waters. Bustling Bill heads not one but two startups with breakout potential, each looking to capitalize on an industry that figures prominently on national levels. First there’s Green SulfCrete LLC, which is leveraging decades of Brookhaven National Laboratory research and multiple small-scale grants in its quest to remake the construction trades with sulfur polymer, a next-level…


Debrief: Accelerating with Peter Donnelly

Not to be confused with the Accelerate Long Island Seed Fund is the Accelerate New York Seed Fund, an all-new endowment operating under the auspices of nonprofit regional-commercialization booster Accelerate Long Island. Boasting a $6 million war chest ($3 million from Albany and $3 million from private investors, primarily Topspin Partners of Syosset), the new fund takes a wider view, injecting capital into early-stage innovators across Downstate New York. Leading the way is new Accelerate…


ThermoLift inks GTI collaboration deal

By GREGORY ZELLER // Stony Brook-based startup ThermoLift has a powerful new ally as it prepares second-phase testing of its revolutionary heating/cooling pump for the rigors of proof-of-concept testing. In its quest to commercialize an affordable, natural gas-powered water- and air- unit that makes green energy universally available, ThermoLift has partnered with the Gas Technology Institute, a Chicago-based R&D and training organization serving the U.S. natural gas industry. Engineers from GTI, which quietly entered into…


Lesko tapped to head Hofstra entrepreneur center

By GREGORY ZELLER // Accelerate Long Island director Mark Lesko has been named executive dean of Hofstra University’s new Center for Entrepreneurship, a multi-disciplinary program that plans to leverage entrepreneurial activities at the university’s business, law, medicine and engineering schools. Lesko, who is stepping down as Accelerate’s top executive but will continue to work for the organization in a consulting role, starts at Hofstra Oct. 1. The university said Lesko, a former federal prosecutor and onetime…


Checking in on LI’s post-doctoral promise

By GREGORY ZELLER // When Accelerate Long Island chief Mark Lesko takes the stage Friday at Cold Spring Harbor Laboratory’s annual Postdoc Retreat – as part of a panel on regional startup opportunities – he’ll pack a portfolio brimming with evidence of the Island’s entrepreneurial health. He’ll also bear glad tidings for the future of what he considers LI’s “dynamic entrepreneurial environment.” Accelerate, a commercialization catalyst bridging ideas and investments, has now staked nine early-stage…


Envisagenics gets $100K in seed funding

By GREGORY ZELLER // Cold Spring Harbor Laboratory spinoff Envisagenics has landed a $100,000 investment from Accelerate Long Island and the Long Island Emerging Technology Fund. Envisagenics, which uses proprietary algorithms to dramatically reduce the complexity of biological datasets resulting from ribonucleic acid sequencing, will use the funds “to create the most talented team possible for Envisagenics and Long Island,” CEO Maria Luisa Pineda told Innovate LI. Pineda founded the firm in 2013 with Chief Technology…


Debrief: Phil Rugile, LaunchPad Huntington

A longtime strategic consultant and successful entrepreneur in his own right, Phil Rugile is the perfect soldier to fight for Long Island’s innovation economy, and the right man to lead the energetic LaunchPad Huntington facility. Also an Entrepreneur in Residence for Accelerate Long Island, the human capital strategist at eGifter and founder of 100 Urban Entrepreneurs – a nonprofit mentoring program for inner-city startups – Rugile is media-savvy, highly creative and enthusiastic about the Island’s…


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…


ALI director Mark lesko

Accelerate releases startups report

Accelerate Long Island released its much-anticipated technology startups report this week, taking the first comprehensive look at the region’s emerging innovation economy. Regional economic development officials have long supported technology as the anchor of a post-defense Long Island economy, but the effort has never fully taken hold. Now, with the Regional Economic  Development Council at the fore, and with such new programs as the state’s Start-Up NY effort, the dream of a future Tech Island…