No. 506: On eggs, Olds, strategic tax breaks and Anderson Cooper, plus a rare Adelphi honor 

Wheels up: Even the pandemic can't put the brakes on the United Nations' annual World Bicycle Day, celebrated this and every June 3.

 

Stuck in the middle: Welcome to Wednesday, dear readers, as Long Island languishes in Phase 1 and we innovate our way through another quasi-quarantined workweek.

Ready, set, Joe’s: It’s June 3 out there, and before we begin, Innovate LI is thrilled to introduce our newest sponsor – St. Joseph’s College, which operates campuses in Patchogue and Brooklyn (in addition to SJC Online) and this week joins our pantheon of prestigious boosters. More on St. Joe’s below.

Fermented or unfermented: Either way, it’s a good day to raise a cold, crisp one.

Roll with it: Our new friends join us just in time for the U.N.’s World Bicycle Day, which encourages two-wheeled people power, and World Cider Day, the apple of cider-enthusiasts’ eyes.

June 3 is also National Egg Day, which celebrates the protein-packed, carb-free uber food.

Screw it: Speaking of … well, no, this has nothing to do with eggs. Rhode Island inventor Cullen Whipple patented the world’s first screw-making machine on this date in 1856.

Other U.S. patents issued on June 3 include the first for prolific African American inventor Granville Woods, for his “Steam Boiler Furnace” in 1884. Woods would earn more than 60 additional patents.

Now batting: Poet Ernest Thayer’s timeless “Casey at the Bat” debuted on this date in 1888 in the San Francisco Examiner.

Come on in: Always a wild time in Gila.

Seeing the forest for the trees: New Mexico’s Gila Wilderness became the world’s first recognized wilderness area, by U.S. Forest Service designation, on June 3, 1924.

Today, the Gila Wilderness combines with the ldo Leopold Wilderness and Blue Range Wilderness to form the 3.3 million-acre Gila National Forest.

Walking the walk: And NASA astronaut Edward White II made a giant leap for mankind on June 3, 1965, when he floated outside his Gemini 4 capsule and became the first spacewalking American.

How Olds? American automobile magnate Ransom Olds (1864-1950) – the “patriarch of mass production” and namesake of both the Oldsmobile and REO brands – would be 156 years old today.

Blue man: Cooper, CNN stalwart.

Also born on June 3 were English ammunitions inventor Henry Shrapnel (1761-1842); Irish engineer and earthquake expert Robert Mallet (1810-1881), credited with launching the science of seismology; American zoologist Raymond Pearl (1879-1940), remembered as a cofounder of biometry, which applies statistics to biology; American-born entertainer, WWII French Resistance agent and U.S. civil rights activist Josephine Baker (1906-1975); and Academy Award-winning special effects maestro John Dykstra (born 1947).

Three-hundred-sixty degrees: And take a bow, Anderson Cooper – the American broadcast journalist and fourth son of artist/fashion designer/heiress Gloria Vanderbilt turns 53 today.

Wish the anchorman, the “Star Wars” technical wizard and all the other June 3 innovators a happy birthday at editor@innovateli.com. We’ll take the presents, please and thank you: news tips, event listings, all shapes and sizes.

 

About our sponsor: St. Joseph’s College has been dedicated to providing a diverse population of students in the New York metropolitan area with an affordable education rooted in the liberal arts tradition since 1916. Independent and coeducational, the college provides a strong academic and value-oriented education at the undergraduate and graduate levels, aiming to prepare each student for a life characterized by integrity, intellectual and spiritual values, social responsibility and service. Through SJC Brooklyn, SJC Long Island and SJC Online, the college offers degrees in 50 majors; special course offerings and certificates; and affiliated and pre-professional programs. Learn more here.

 

BUT FIRST, THIS

The Bornstein identity: Adelphi’s newest University Professor.

Psyched up: The Adelphi University Board of Trustees has bestowed a rare honor upon a member of Adelphi’s psychology faculty.

Robert Bornstein, a veteran undergraduate and graduate instructor at Adelphi’s Gordon F. Derner School of Psychology, has been named a University Professor, a distinguished title denoting exceptional faculty achievement. During his 14-plus years at Adelphi, Bornstein – who earned his PhD in 1986 from the State University at Buffalo – and his trailblazing research have been recognized by a number of prestigious organizations, including the National Science Foundation, the American Psychological Association and the National Institute of Mental Health.

Beyond the accolades, the author of 16 books, 68 book chapters and more than 200 journal articles brings an “enthusiasm for his field of study and passion for teaching” that made him an easy choice for University Professor, according to Adelphi Provost and Executive Vice President Steve Everett. “Dr. Bornstein is globally renowned for his contributions to the field of psychology and the embodiment of Adelphi’s commitment to offering a world-class academic experience to our students,” Everett added.

Making it official: The Town of Hempstead Local Development Corp. has followed through on a previous strategy and granted final approvals for a $58 million tax-exempt bond sale benefitting the Hempstead-based Academy Charter School.

The school will use proceeds from the sale to build and equip a new vocational/technical high school in Uniondale, create new middle-school facilities in Uniondale, expand its existing Hempstead middle school to accommodate elementary-aged students and refinance existing bond issues – approved by the TOH Local Development Corp. in 2011 and 2013 – at lower rates. The LDC granted preliminary approval of the plan in April.

The Academy Charter School staff, currently numbering 61 in Hempstead and 51 in Uniondale, is expected by the LDC to climb past 185 total. “This authorization will allow them to finance their existing commitment to the students … and to expand the high school curriculum for students to include technical disciplines so important to our young people today,” noted TOH Local Development Corp. CEO Fred Parola. “They’ve done a wonderful job and we are happy to have participated in their success.”

 

TOP OF THE SITE

No problem: Thirty-one healthcare startups, 23 advisors and a dozen-plus courses rejiggered into a “virtual boot camp?” Hofstra’s Center for Entrepreneurship is on it.

Progressive incentives: With an eye on pharmaceuticals manufacturing, regional IDAs are picking up the tax-abatement pace.  

Innovation in the Age of Coronavirus: Summer camps open, early warnings abound and the Wonderful Wizard of Molloy bids farewell … all that and more in Long Island’s one-and-only pandemic primer.

 

VOICES

Another warm Innovate LI welcome, please, for East End Food Institute Executive Director Kate Fullam, who debuts this week as the Voices team’s new food-and-beverage baroness. First on her plate: a trip through time, looking back on a lifetime of pandemic-friendly kitchen lessons, looking forward to a critically important East End Food Hub.

 

STUFF WE’RE READING

Holy Hershey, Batman! Candy Industry Magazine unwraps the truth as DC Comics and Hershey distribute “Super Hero Bars” to real-life heroes.

I am Iron Man: The Jerusalem Post gets a grip on 3D-printed, superhero-themed prosthetic hands for kids in the Middle East.

Behold, the Underminer! Popular Mechanics digs deep into DARPA’s new tunnel-making robotic earthworm project.

 

RECENT FUNDINGS

+ Palvella Therapeutics, a Pennsylvania-based rare-disease biopharma focused on developing and commercializing pathogenic therapies, raised $45 million in Series C financing. Backers included CAM Capital, Samsara BioCapital, BVF Partners L.P., Adams Street Partners, Opaleye Management, Ligand Pharmaceuticals, Agent Capital, BioAdvance and Nolan Capital.

+ Orbita, a Massachusetts-based provider of AI-powered voice and chatbot healthcare solutions, secured $9 million as part of a Series A financing round co-led by Philips Health Technology Ventures and HealthX Ventures, with participation from Cultivation Capital and Newark Venture Partners.

+ Vesta, an Oregon-based provider of fraud protection and guaranteed-payment technologies, secured $125 million in growth capital. Private equity firm Goldfinch Partners made the investment.

+ Ascus Biosciences, a California-based animal health and nutrition company, raised $46 million in Series B funding led by Temasek, Anterra Capital, Formation 8 and Cavallo Ventures, with additional support from angel investors.

+ Oncology Analytics, a Georgia-based provider of oncology-focused analytical solutions, closed a $28 million Series C round led by Baird Capital, with participation from existing investors Oak HC/FT, McKesson Ventures and The Blue Venture Fund.

+ Commonwealth Fusion Systems, a Massachusetts-based startup commercializing fusion energy, raised $84 million in Series A2 funding led by Temasek, with participation from new investors Equinor and Devonshire Investors, the parent company of Fidelity Investments, Breakthrough Energy Ventures, The Engine, ENI Next and others.

 

BELOW THE FOLD

Bond not included: But the “new” DB5 comes equipped with smoke screens, revolving plates and other nifty gadgets.

Opening the Gates: How meditation helps Bill Gates be … well, Bill Gates.

Closing the Musk: SpaceX’s Elon celebrates his big week by leaving Twitter, again.

Driving like Bond: Aston Martin restarts production of 007’s beloved 1964 DB5, gadgets and all.

Introducing St. Joe’s: Another round of applause for Innovate Long Island’s newest sponsor, St. Joseph’s College, where the SJCNY Health Update page keeps the college’s Long Island and Brooklyn campuses in the know. Welcome to the show!