Peter Donnelly

After successful seed, Qunnect set for ludicrous speed

By GREGORY ZELLER // Marking another quantum leap for cybersecure long-distance communications, a high-tech Stony Brook University spinoff has completed a key financing round. Qunnect LLC, a 2017 startup launched by a Stony Brook PhD and the head of the university’s Quantum Information Technology Group, has closed its $800,000 seed round, an oversubscribed financing cycle backed by the Accelerate NY Seed Fund, French venture-capital fund Quantonation – the first VC fund dedicated to quantum technologies…


For Applied DNA, new blood – and a shot in the arm

By GREGORY ZELLER // Just 11 months after spinning off from its parent company, a Stony Brook startup with expansion in its DNA has made its first corporate acquisition. LineaRX, a subsidiary of Applied DNA Sciences, has acquired the physical assets and intellectual property of Vitatex Inc., a private biotech with close ties to Stony Brook University and a patented method of isolating Invasive Circulating Tumor Cells in standard blood samples – spotting metastatic cells…


SBU commercialization shines at Incubator Showcase

By GREGORY ZELLER // Innovation is always on display at the Center of Excellence in Wireless and Information Technology, but it truly shined this week, when the stars of Stony Brook University’s economic-development universe soaked up some spotlight. The university’s fourth-annual Incubator Showcase, a one-day ingenuity bazaar highlighting Stony Brook’s complex commercialization ecosystem, filled CEWIT with imagination Wednesday, as residents and clients of SBU’s myriad incubators and business-development programs shared their progress with potential investors,…


Breakfast of champions

Hundreds turn out to honor LI’s brightest innovators (photos by Bob Giglione) In a rare breakfast networker that delivered all the feels, Innovate Long Island saluted its 2019 Innovators of the Year Tuesday at the Crest Hollow Country Club in Woodbury. More than 200 guests turned out to honor two dozen of Long Island’s brightest and boldest researchers, inventors, entrepreneurs and executives, including 2019 Master of Innovation Mitch Maiman and Stony Brook University Vice President…


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…


Debrief: Peter Donnelly, SBU technology licensing

Bridging the commercial world and SBU’s world-class faculty and student research, Peter Donnelly accepts a critical (but not impossible) mission: develop markets for science and technology commercialization. The tech-licensing director has made a career of translating research into innovative consumables, including stints as entrepreneur, corporate suit, academic and government staffer. Throw in his work at Intel and the Boston Consulting Group – and graduate degrees in biotech, business and economics from Johns Hopkins University and…