Start-Up NY

No. 317: Anid’s big promotion, Adelphi’s big award, keeping it local and why you need grumpy employees

The end: Another busy week concludes and another blessed weekend dawns, dear readers – congratulations on successfully navigating the choppy waters of socioeconomic innovation, once again. It’s Friday, June 22, the first full day of the Summer of 2018 and the last day of school for most Long Island tykes. It’s also Anti-Fascist Struggle Day in Croatia, kicking off a four-day holiday weekend that concludes with the republic’s national independence celebration, Statehood Day. Uživati! Bay…


At FSC, skin-deep startup joins Start-Up NY’s ranks

By GREGORY ZELLER // The Empire State Development Corp. has opened its books and welcomed another Long Island company into the Start-Up NY family. Farmingdale State College announced this week that startup biotech BF Innovation, which moved into FSC’s Broad Hollow Bioscience Park earlier this year, has been accepted into the Start-Up NY program, which boosts new and expanding businesses with tax breaks and innovative academic partnerships. BF Innovation plans to invest $1 million and…


In the land of milk and Cuomo, opportunity flows

By GREGORY ZELLER // Unemployment’s down, personal income’s up and private-sector jobs across New York State have never been more plentiful. These statistical truths and more color Empire State Development Corp.’s 2017 Annual Report, a 128-page economic-development bouquet wherein the Fortune 500 flock to Cuomoland and a river of golden opportunity flows from the gleaming capital – more specifically, $1.8 billion in ED grants, loans and tax credits, dispersed by Albany over the 12 months…


No. 277: The prodigal team returns, Hofstra ups its entrepreneurial game and yes, Florham Park is still in New Jersey

Time flies: Welcome to Jan. 31, dear readers, already one month down in 2018. Hard to believe it’s been 322 years since Aansprekersoproer, the bloody revolt by undertakers across Amsterdam sparked by Dutch funeral reforms (yes, this happened), and a year already since President Trump fired Attorney General Sally Yates for refusing to defend his illegal travel ban. In between: Other Jan. 31 events of interest include the invention of condensed milk (1851); the ratification…


Alive and well, Start-Up NY adds two LI biotechs

By GREGORY ZELLER // Two early-stage Long Island biotechs are among 10 new companies hitching their wagon to one of Albany’s primary business-development efforts. Start-Up NY, the Empire State Development Corp. program that boosts new and expanding businesses with tax breaks and innovative academic partnerships, is opening its books to welcome 10 new businesses in the Long Island and New York City regions. The businesses – which each will launch, expand or relocate in geographic…


Meanwhile, Albany tells science: We’ve got your back

By GREGORY ZELLER // Even as the Trump Administration levels its big guns at national funding for scientific research, New York State is doubling down on its commitment to life sciences. Leaders of business and medical-research organizations across the state are hailing Albany’s 10-year, $620 million plan to turn New York into one big life-sciences cluster. The economic-development strategy was championed by Gov. Andrew Cuomo and adopted by the state Legislature this week as part…


The end is nigh for sputtering Start-Up NY

By GREGORY ZELLER // While several components of Gov. Andrew Cuomo’s proposed FY2018 budget will probably meet resistance in Albany’s corridors of power, at least one is likely to sail straight to legislative approval: the end of the Start-Up NY program. While not officially terminating Empire State Development’s underachieving economic-development effort, the governor’s spending plan purposefully rebrands it: Say hello to the Excelsior Business Program (but make it quick, because phonetic similarities to the existing…


Start-Up NY adds 39, including two LI companies

By GREGORY ZELLER // Thirty-nine early-stage companies, including two on Long Island, have been welcomed into the Start-Up NY program. The companies will either launch in or relocate to “tax-free zones” at or near New York colleges and universities – an ambitious program designed to let entrepreneurs hold onto working capital while simultaneously fostering innovation hubs and bolstering regional economies. The Long Island region will be bolstered by the creation of 26 new jobs, according…


Hofstra, NYIT join Start-Up NY family

By GREGORY ZELLER // It’s the startup of something big at Hofstra University and the New York Institute of Technology’s Old Westbury campus, which have both been added to the rolls of the Start-Up NY program. The Start-Up NY Approval Board green-lighted four individual action plans at its meeting Wednesday in Albany, approving new Tax Free NY Areas at Hofstra and NYIT and embracing plan amendments at two upstate institutions. In addition to approving the plans submitted…


Updating you on: Graphometric startup Web4Sign

By GREGORY ZELLER // There are good signs at Web4Sign, where everything is proceeding as planned. The graphometrically inclined Italian import has completed its move into Stony Brook University’s Center of Excellence in Wireless and Information Technology and installed its proprietary software in data centers in Arizona and Georgia, all right on schedule, according to founder Raffaello Galli. The data-security startup, launched in Italy in 2015, has also reached the first plateau in its commitments…


SUNY Old Westbury gets Start-Up NY site

SUNY Old Westbury has been green-lighted for the Island’s sixth Start-Up NY incubator, to be built in LIFT’s Morrelly Center for Homeland Security in Bethpage. The center will start out at about 4,000 feet but could grow to fill the top floor of the three-story, 90,000-square-foot building — space abandoned by Northrop Grumman in its local downsizing. Old Westbury’s program will be the first to operate off campus. The school, located about five miles away,…


Nano-coating firm joins SBU’s Start-Up NY program

A nanotech startup preparing to pump $1 million into Long Island’s innovation economy is among several new companies joining the Start-Up NY program. Empire State Development has opened the books of its tax-free incentive efforts to add 18 additional firms, promising to create a combined 135 jobs and invest a combined $10 million in their local economies. Among them: Millennial Materials and Devices, which will research, develop and attempt to commercialize new nanomaterial coating technologies….


For SCCC startups, space is the final hurdle

By GREGORY ZELLER // Suffolk County Community College was approved for the Start-Up NY program this week, but it could be some time before there’s space for the state-run economic-development effort at any of SCCC’s three campuses. Managed by Empire State Development, Start-Up NY offers tax breaks and other support to high-tech companies that launch or relocate around New York colleges and universities. SCCC’s approval followed a lengthy debate between the college, Suffolk County and…


State adds 16 to Start-Up NY program; none here

Sixteen new companies have been added to the Start-Up NY program, with next-level technological endeavors once again setting the tone. Start-Up NY creates zones around colleges and universities where businesses that commit to creating net new jobs in New York State can operate 100 percent tax-free for 10 years – paying no state income tax, business or corporate state or local taxes, sales tax, property tax or franchise fees. The companies also partner with sponsoring…


Web4Sign: A signature addition to Start-Up NY

By GREGORY ZELLER // Web4Sign Corp., an Italian import that’s looking to re-set the data security sector, expects to move into Stony Brook’s center for wireless and information tech sometime in December. January, maybe. The firm, launched earlier this year by Raffaello Galli, is one of 15 new Start-Up NY companies announced in September, and Galli is eager to get moving on his promise of creating at least eight new jobs and investing $650,000 in…