News

Codagenix scores big with $20M Series B round

By GREGORY ZELLER // A stellar $20 million investment round has blasted a Long Island biotech into the stratosphere, and a new tax bracket. Farmingdale-based Codagenix Inc., a 2012 startup launched by Stony Brook University assistant research professor Steffan Mueller and Farmingdale State College biology professor J. Robert Coleman, has closed a $20 million Series B investment round, led by Adjuvant Capital, a New York City/San Francisco venture capital firm focused on life sciences. Also…


Debrief: Abiding Kevin Law, as LI collides with destiny

  Hard to believe, but it’s been five long years since Innovate LI last Debriefed Kevin Law, who’s now logged a full decade as President and CEO of the Long Island Association. As 2020 dawns, the primary influencer and leading architect of regional socioeconomics is enjoying another “Top Performer” effort by the Long Island Regional Economic Development Council (the council, which Law co-chairs with Hofstra University President Stuart Rabinowitz, snagged $87.9 million in Albany’s ninth-annual…


Now batting for Hoplite Power, an innovation veteran

By GREGORY ZELLER // A regional rookie with major-league aspirations – literally – has teamed up with a heavy-hitting innovation all-star to knock its next-gen “power hubs” out of the park. Actually, into the park. Hoplite Power, a Long Island City-based startup and client of Stony Brook University’s Clean Energy Business Incubation Program, has enlisted the help of Hauppauge-based product-design expert Intelligent Product Solutions – specifically, IPS President Mitch Maiman – as it prepares to…


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…


With Makos circling, feeling better about joint surgery

By GREGORY ZELLER // Just when you thought it was safe to check in for joint-replacement surgeries – actually, it’s a lot safer now, with these Makos swimming around. Innovation dives deeper at four Northwell Health Long Island hospitals, where the Mako device, a robotic assistant for total joint-replacement procedures, has surfaced. Manufactured by Michigan-based medical-device multinational Stryker, the interactive robotic arm gives human specialists new levels of surgical precision, helping to reduce recovery times…


From the Nassau IDA, gifts that (might) keep on giving

By GREGORY ZELLER // Christmas has come early in Nassau, where the county’s Industrial Development Agency has slipped two business-building economic-incentives packages under the tree. The IDA on Wednesday announced preliminary approval for a tax-abatement deal benefiting JP Optionee, a limited liability corporation created to help New Jersey-based Onyx Equities and Manhattan-based DRA Advisors build a 147,524-square-foot hotel and conference center at Jericho Plaza. The development agency also announced an incentives package for Paint Applicator…


Northwell gets personal with family-focused LI efforts

By GREGORY ZELLER // In 21st century healthcare, pharmaceutical discoveries and spectacular med-tech breakthroughs constantly move the ball – but sometimes, the most important innovations are more personal. To that end, Northwell Health – where laboratories constantly bristle with high-tech experimentation – has announced two Long Island projects on more intimate levels, each focused on families and the particular needs of Island residents. On Wednesday, the New Hyde Park-based health system cut the virtual ribbon…


With Lentini tuning up, Molloy hits an innovative note

By GREGORY ZELLER // Molloy College has certainly changed its tune. Not that its newly minted president-elect, James Lentini, won’t continue the visionary leadership of current Molloy College President Drew Bogner, who’s overseen significant growth over his 20-year tenure, including the introduction of numerous graduate-degree and doctoral programs, and is scheduled to retire in July. In fact, Lentini – currently senior vice president for academic affairs and provost at Oakland University in Michigan – was…


Today, tomorrow meet in ULC, Science Center alliance

By GREGORY ZELLER // An innovative alliance will unite one of Long Island’s top robotics companies with a Riverhead nonprofit on a mission to prepare young learners for the 21st century workforce. Hauppauge-based ULC Robotics will share its industry expertise – including on-site classes, field trips to its bustling production facility and hands-on mentoring – with the Long Island Science Center, a registered 501(c)3 organization determined to bring science and technology opportunities to young Islanders….


Island ‘hub’ scores as New York Tech adds second PhD

By GREGORY ZELLER // There’s another doctorate in the house at the New York Institute of Technology, which has announced its first-ever computer science PhD program. Starting in the Fall 2020 semester, the NYIT College of Engineering and Computing Sciences will offer a Doctor of Philosophy program featuring “advanced, research-oriented education” in cybersecurity, data science, cloud computing and other critical computational fields. The new coursework is the second PhD offering for the Old Westbury- and…


In TD grant, big win for CSHL, Tuveson and society

By GREGORY ZELLER // A cutting-edge Cold Spring Harbor Laboratory cancer-detection science will get cutting-edgier, thanks to a stocking stuffer from TD Bank. New Jersey-based TD announced Tuesday more than $3 million in fresh grants, comprising the second funding round of its TD Ready Challenge, an application-based national competition designed to balance social scales while innovating early disease detection and intervention. Among them: a $750,000 award for CSHL aimed at advancing organoid-based clinical tests –…


No snow is low, but banning balloons would really blow

By GREGORY ZELLER // Humbug! Chances are low that Long Island will experience a white Christmas in 2019, according to expert forecasters, while another elemental disappointment may scrub a big part of the national Thanksgiving tradition. With about one month to go before Santa’s snow-equipped sleigh comes screeching to a halt on regional rooftops, national forecast modeler AccuWeather is predicting no late-December snow for the Eastern Seaboard. Technically, a “white Christmas” requires at least one…


Mud in their eye at i-hamptons’ “Riptide III”

By GREGORY ZELLER // A sunscreen with an ecological nature and an unmistakable Long Island ID took top honors at the third-annual “Riptide: $ink or $wim” business competition. The Montauk Mud Co., a 2019 LLC founded by Islanders Collin Kavanaugh and Elias Van Sickle, won the i-hamptons-hosted pitch-a-thon, collecting $20,000 in business-development grants and goodies, including radio ads with Long Island Broadcasting and gratis membership in The Spur, the part co-working space/part members-only “entrepreneur’s club”…


Galactic gala honors past, present of LI air and space

By GREGORY ZELLER // After four trips to space, a front-row seat for the breathless Apollo 13 rescue and some relatively ho-hum years as a U.S. Air Force airman and test pilot – Arctic interceptor missions, midair collisions, yawn – Thomas Stafford doesn’t surprise easily. And the retired Air Force lieutenant-general – who’s graced numerous aerospace-industry boards, once simultaneously oversaw NASA and USAF test facilities at Edwards Air Force Base and has flown just about…


In Israel, high honors for Feinstein’s diabetes warrior

By GREGORY ZELLER // A Feinstein Institutes for Medical Research professor who’s dedicated his life to battling diabetes has earned a rare honor. Endocrinologist Jesse Roth, a fellow of the American College of Physicians and head of the Laboratory for Diabetes and Diabetes-Related Research at the Feinstein Institutes’ Center for Biomedical Science, was honored Nov. 14 for his lifelong achievements in diabetes research at the ninth D-Cure Symposium in Israel. D-Cure is focused on advancing…