Welcome to the weekly roundup for April 17. It’s National Bat Appreciation Day, and they deserve it: Nature’s only winged mammal can eat 1,000 mosquitoes in 24 hours. Move over, Andrew Zimmern.
ACCELERATE LANDS SEED FUNDING
New York State has awarded $1.5M to a new seed fund designed to invest in downstate companies commercializing research from local laboratories and universities. The fund, to be administered by Accelerate Long Island and the SUNY Research Foundation, will handle investments on Long Island, parts of New York City and the Hudson Valley.
The $1.5M will be matched by the university system’s investment arm and with private money from local venture firms Topspin and Jove Equity Partners. More at InnovateLI: http://bit.ly/1GR5yUQ
STICKING IT TO THE MAN
Conventional thinkers kept telling Stony Brook University researcher Kasia Sawicka her ideas on delivering immunizations via a stick-on patch just wouldn’t fly. Now, her startup company, ImmunoMatrix, is set to soar. InnovateLI’s Gregory Zeller: http://bit.ly/1E61DTG
Long Island could save $192 million in annual energy costs by building a new plant in Yaphank, according to a report commissioned by Caithness Long Island Energy, which is trying to … build a new plant in Yaphank. The study rebuts a decision by PSEG that no new major power sources are needed until 2024. Newsday’s Mark Harrington: http://nwsdy.li/1FRlS2i
Also: At the peak of the shale boom, companies offered free lodging, catered meals and gratis air fare to woo workers to remote drilling spots in Texas, Oklahoma and North Dakota. The perks, however, have followed oil prices. Bloomberg: http://bloom.bg/1HaSfx9
A lack of computer skills is the No. 1 hiring problem facing New York companies, according to a report by the Federal Reserve Bank. Reliability and punctuality were next, suggesting many firms have been trying to hire millennials. Newsday’s James T. Madore with more: http://nwsdy.li/1EOzMGc
Socially conscious ice cream makers Ben and Jerry are teaming up with Colorado brewer New Belgium – another B Corp. – to produce Salted Caramel Brownie Brown Ale. Sales will benefit Protect Our Winters, the climate change awareness organization started by snowboarder Jeremy Jones. Look for it this fall.
Closer to home: New York’s craft beer industry grew by 59 percent from 2013 to 2014, with a total economic impact estimated at $3.5 billion. More from the state: http://on.ny.gov/1aZZk7n
IN CASE YOU MISSED IT: Three community-based solar-power campaigns in Suffolk County are eligible for bulk-purchase discounts through Community Solar NY, a new state initiative announced Monday. InnovateLI: http://bit.ly/1b0idHn
Free-wheeling – and anonymous – social media app Yik Yak has created a quandary for colleges trying to weigh freedom of speech and the need to protect students. InnovateLI checks in:http://bit.ly/1yuigpL
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SMALL MEDIA ALSO HOT
MIT researchers have come up with a “prediction tool” that suggests the speed with which emerging technologies are, um, emerging. They looked at thousands of patent applications, citation references and other data to determine that optical and wireless communications, 3-D printing and MRI technology are coming on strong. Batteries, wind turbines, and combustion engines? Meh.
The tool could be a hit with VCs, startups and researchers looking for the next big thing. Science Daily has more: http://bit.ly/1IOjZJP
DON’T FORGET TO
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GET THEE TO MARKET
Best advice for wannabe entrepreneurs? Just get started already. That’s the word from some of NYC’s most zealous tech startups, including Electric Objects founder Jake Levine – he’s 29 – and Andrew Young, 32, who launched an online liquor company called Swill. More from DNAinfo: http://dnain.fo/1E5xSlU
Mindy Bickel, the U.S. Patent and Trademarks Office’s New York rep, will hit Long Island on April 30 for the inside scoop on patents, trademarks, copyrights, trade secrets and other intellectual property. Nesconset branch of the Smithtown Library, from 7 to 8:30 p.m.
Entrepreneurs, business owners and IP attorneys welcome. The branch is located at 148 Smithtown Blvd. Call 631.360.2480 for additional information.
High-tech spinning startup Peloton raised $30M to open eight showrooms. The firm, which makes a $2,000 stationary bike and streams spinning classes from its Chelsea studio to each bike’s waterproof Android tablet, will also use the money to double its engineering team. CNY’s Matthew Flamm: http://bit.ly/1OJUYAc
Speaking of hot startups: The sizzling tech IPO market may make Blackstone Group chief Stephen Schwarzman the first CEO to get paid $1 billion in a single year. Crain’s Aaron Elstein:http://bit.ly/1FRnx80
OUR BILLION AT WORK
The Buffalo region added 7,900 jobs in March versus a year earlier, a 1.5 percent increase and the best for that month in 25 years. “That’s very good for the Buffalo-Niagara Falls area,” said John Slenker, a regional economist for the Labor Department. More from the Buffalo News’ Matt Glynn: http://bit.ly/1OJX6HW
Miss the Street’s expectations by 31 cents and your stock’s going to get hammered, right? Not so with Netflix, which saw shares leap on weak earnings but the good news that there are now more than 62 million people who want to watch entire TV seasons in a single night. Forbes has more: http://onforb.es/1IOcx1k
INTO THE JAWS OF APPLE
You might still be waiting for your Apple Watch, but that Jawbone UP3 you ordered last October should be arriving any day now. If you still want it. The good news? You can now use your Jawbone like it’s an American Express card. At places that still take it. Fortune with more: http://for.tn/1CRn3N9
Also: Jawbone first released the Up, then the UP24, then the UP3. Now comes the UP2, because naming things in order is for schmucks. From Tech Crunch: http://tcrn.ch/1b6Z476
And: John Hancock is offering discounts of up to 15 percent to customers who agree to wear an insurer-issued activity tracker to monitor heart rate and caloric burn. And, yes, that includes time in the boudoir. The NYT via Fusion with thanks to Alexis Madrigal:http://fus.in/1DnvLq0
LET’S GET VIRAL
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JUST EMAIL ME
More than 80 percent of millennials navigate the Web using Google and Facebook, but 40 percent prefer to have contact with companies via email, according to a just-out study by financial services firm Principal. Lots of interesting money stats here, but check out the digital section beginning on page 48: http://bit.ly/1zkCn4F
Felena Hanson started her female-focused Hera Hub chain of co-working spaces after tiring of the boy vibe elsewhere. “I’m a little over Ping-Pong tables and kegs,” she says. “I prefer a wine fridge.” Landlords, however, weren’t so supportive. The scoop from Upstart:http://bit.ly/1czcmtJ
BELOW THE FOLD
MARK ZUCKERBERG, SLOUCHER
In an online interview with his own social medium, Facebook chief Mark Zuckerberg concedes he puts in only 50 to 60 hours a week at the office. But he’s thinking about stuff almost every waking moment. Stuff like mobile ads, we bet. More from Business Insider:http://read.bi/1IObNJN
LIFE IS SHORT. HAVE AN IPO.
AshleyMadison.com, the dating site for cheating spouses, plans a London stock offering it hopes will raise $200M to expand already booming demand. Last year revenue was $115M, with 36 million members in 46 countries. And since you’re wondering, women are signing up at a faster clip than men. Bloomberg:http://bloom.bg/1yxNYm0
THE SCENT OF HAPPINESS
Humans may be able to communicate positive emotions like happiness through the smell of our sweat, according to new research published by the Association of Psychological Science.http://bit.ly/1zo1x2d
Eight years after it aired, Sopranos creator David Chase finally gets around to discussing that final scene. http://bit.ly/1OJMvNo
Compiled by email@example.com