Northwell Ventures

No. 332: Hitting it big in vagus, hitting it bigger at SBU, commercial support for the disabled and eternal respect for Aretha

Well done: It’s Friday, dear readers, and once again, you’ve conquered the five-day minefield that is the American workweek. To mark your achievement and put you in a proper Friday mood, ladies and gentlemen … The Cure! Continental breakfast: We’re sending a special hello this Aug. 17 to all of our South American readers – whether you’re celebrating Engineer’s Day in Colombia or Flag Day in Bolivia, please celebrate responsibly. Here in the States, it’s…


With $500K bump, Northwell Playbacks it forward

By GREGORY ZELLER // A Westchester County startup focused on patient-engagement solutions has earned a chunky Northwell Health seed investment. Northwell Ventures, the investment arm of the New Hyde Park-based health system, has boosted Mount Kisco-based technology startup Playback Health Inc. to the tune of $500,000, part of what the health system termed “a targeted $1.25 million seed-round financing in software designed to improve communications between physicians and patients.” The investment will help the early-stage…


Nerve-stim startup Sanguistat shuffles its deck

By GREGORY ZELLER // A Connecticut-based biotech spun out of the Feinstein Institute for Medical Research has assembled a powerful collection of advisors and directors, including corporate heavyweights and recognized global leaders in the burgeoning field of biolelectronic medicine. Sanguistat Inc., a 2016 clinical-stage medical-device startup, has named Feinstein Institute President and CEO Kevin Tracey as chairman of its Scientific Advisory Board, a role that will leverage the pioneer’s decades of groundbreaking bioelectronics research. The…


High tech, high ambitions highlight next LICA Forum

By GREGORY ZELLER // The Long Island Capital Alliance has set a healthy lineup for its next Capital Forum. The alliance’s next quarterly entrepreneurs-meet-investors networking event, a Healthcare Capital Forum scheduled for June 8 in Melville, will feature five early-stage “health growth” companies fighting their way up in a competitive health-tech arena, plus opening remarks by an executive leader at this region’s pinnacle healthcare enterprise. The keynote is slated to be delivered by Eric Feinstein,…


Debrief: Red flags, high hopes from Master Faltischek

When Innovate LI last debriefed Long Island Angel Network Chairman Michael Faltischek in May 2015, the LIAN already boasted a significant legacy: 600-plus financing applications reviewed, in excess of $5 million in investments brokered. Less than three years later, the network – which arranges investments but doesn’t make them – has reviewed another hundred-plus applications and negotiated upwards of $30 million in private investments. Meanwhile, at the senior partner’s Uniondale-based law firm Ruskin Moscou Faltischek,…


Northwell innovators think outside the box, and in

By GREGORY ZELLER // Bioelectronics and “smart” tech won the day in the Northwell Health 2017 Innovation Challenge. The challenge, which invited the New Hyde Park-based health system’s 63,000-plus employees to submit groundbreaking healthcare ideas for a shot at project-development funding, eventually came down to two champions at Northwell Health’s Made For Big Ideas Showcase in October – a bioelectronic device designed to reduce premature births and a “smart” laboratory container that knows when a…


Global honor for Hofstra’s Center for Entrepreneurship

Hofstra University’s Center for Entrepreneurship has snagged a prestigious international honor. The Global Consortium of Entrepreneurship Centers, an international collaboration of more than 225 university-centered entrepreneurship programs, has named the Hempstead-based university’s two-year-old center one of its two 2017 Outstanding Emerging Entrepreneurship Centers. The award is bestowed annually to the best university-based entrepreneurship hub in operation fewer than five years. The GCEC judges split the award this year between Hofstra and the University of New Hampshire’s Peter…


Tomorrow’s health tech to shine at LICA Capital Forum

By GREGORY ZELLER // Another intriguing combination of presenters and panelists marks the next Capital Forum on the Long Island Capital Alliance’s schedule, this one focused on the lifeblood of the Island’s innovation economy. Following a June networker centered around cybersecurity startups and a March pitch-a-thon spotlighting early-stage technology firms, the latest Capital Forum returns to healthcare, a Long Island socioeconomic cornerstone that has naturally become a go-to theme for LICA and its (roughly) quarterly…


New healthcare podcast gets a leg up

The latest healthcare innovations, explored largely from the patient’s perspective, are the thrust of a new podcast series from Northwell Health. The New Hyde Park-based health system this week launched “Health Story,” its new audio exploration of health trends, with an inaugural episode featuring Pennsylvania resident Dan Lasko. Lasko, a former U.S. Marine, lost his left leg below the knee in 2004 in an IED attack while serving in Afghanistan. This year, he received a…


For amputees, a chance to get back in the swim

By GREGORY ZELLER // A retired U.S. Marine from Pennsylvania who lost part of his leg in the war on terror is diving back into his favorite athletic activities, thanks to next-level science created on Long Island. Dan Lasko of Bethlehem, Pa., survived an explosion in Afghanistan in 2004 – his vehicle hit an IED – but his grievous injuries required the amputation of his left leg below the knee. It was, obviously, a life-changing event…


New partnership to bring telehealth home

By GREGORY ZELLER // A large-scale investment by Northwell Ventures will put a futuristic spin on the old-fashioned house call. The Northwell Health system on Wednesday announced a new partnership with Virginia-based telehealth solutions provider Avizia Inc. aimed at “expanding the depth and reach of Northwell’s telehealth services, helping to effectively and efficiently provide patients with the right care at the right time and place,” Northwell said in a statement – and yes, that includes…


Northwell readies move into 3D markets

By GREGORY ZELLER // With 3D printing rapidly redefining what’s medically feasible, the Northwell Health system is rushing to study the commercial possibilities. Not only are scientists at the Feinstein Institute for Medical Research – the health system’s R&D arm – riding the next wave of 3D printing’s medical applications, but Northwell itself is looking at ways to take the emerging science to market. Specifically, Northwell Ventures, the system’s commercialization office, is considering two 3D-printing verticals,…