By GREGORY ZELLER //
Two regional business-development groups with parallel ambitions – and a history of collaborative partnerships – have officially joined forces.
The Long Island Capital Alliance, self-billed as Long Island’s “leading nonprofit capital-formation and business-development organization,” has announced a “strategic partnership” with the Long Island Software & Technology Network, longtime advocate of the LI tech sector.
The partnership is meant to bolster LICA’s connectivity with that rapidly evolving sector and avail LISTnet-connected companies – including those hanging shingles at the network’s new Digital Ballpark co-working space in Plainview – of LICA’s “formidable and expanding platform for access to capital and business-acceleration practices,” according to the Melville-based alliance.
It will largely involve reciprocating sponsorships and cross-promotional event support, as well as “other programs” and “member benefits to participating constituents,” LICA said.
Principals from both organizations noted the other group’s long economic-development history. Calling LISTnet a “leading advocate for the region’s technology sector for two decades,” LICA Chairman Neil Kaufman said the formalized relations would build on past affiliations between the like-minded agencies.
“While we have collaborated with them in the past, we are excited to more completely align our interests,” Kaufman said Wednesday. “Our collective capabilities and industry relationships should prove worthwhile for the many emerging growth technology companies on Long Island.”
Peter Goldsmith, president of LISTnet, said LICA and its networking events “have proven to benefit many companies for more than 30 years.”
“We are very pleased to work more closely with this highly accomplished organization,” Goldsmith said in a statement. “The partnership with LICA represents an important element of our mission to serve the local technology industry.”
According to LICA, LISTnet last collaborated with the Capital Alliance on LICA’s Cyber Security Capital Forum in 2012. But the two economic-development cousins have charted parallel courses since then.
The alliance’s quarterly Capital Forums, which kicked off in 2012, unite investors and early-stage companies with innovative products and ambitions, specifically targeting “flourishing” regional sectors including tech and biotech. LISTnet, meanwhile, has continued to promote those same sectors – and in 2016 opened its 20-office Digital Ballpark, designed specifically for early-stage tech enterprises.
The partners are already knee-deep in new collaborations, with Kaufman noting LISTnet’s contributions to LICA’s next Technology Capital Forum. Capital Alliance Executive Director Carol Lane told Innovate LI Thursday that LISTnet’s exact contributions to the March 10 event and future forums are still being determined.
“But I expect they will be very helpful going forward, with their expertise in the emerging technology sectors,” Lane said. “We feel LISTnet will really expand our reach into the technology ecosystem.
“And we’ll both bring new capabilities that will enhance the ways we support emerging growth companies.”
In addition to that March 10 forum, LICA has scheduled three other Capital Forums for 2017, covering Cybersecurity and Defense (June 9), Healthcare (Sept. 15) and Food, Wine and Beer (Dec. 8).