THIS’LL MAKE YOUR HEAD HURT: Michael Schatz, a quantitative biologist at Cold Spring Harbor Laboratory, has been helping gauge who out there is producing the most electronic bytes per year. Turns out it’s YouTube, which is cranking out 100 petabytes annually. A petabyte, as we all know, is 1 quadrillion bytes, or a 10 followed by 15 zeroes.
Who cares? Schatz does. Genomics, the science at which Cold Spring excels, is expected to reach 40 exabytes – that’s 40,000 petabytes – of data annually in the next decade. Storing all that – and searching it – is going to be a challenge.
Wondering what’s next? Zettabytes, yottabytes, xenottabytes, shilentnobytes and – our favorite — domegemegrottebytes. And imagine if we were still on dial-up.
SHORE LIKE CLEAN GEN: The state wants to place wind turbines off the coast of Eastern Long Island as part of a new initiative to grow large-scale renewable energy projects, Capital NY’s Scott Waldman reports. The state’s energy department began hearings on the plan this week.
VISIT US: Between newsletters, check out breaking news at InnovateLI.com. And don’t forget to like us on Facebook.
ABOUT OUR SPONSOR: Nixon Peabody – the largest full-service law firm on Long Island – works with clients who are building the technologies and industries of the future. We’ve got the expertise necessary to drive your business forward and help you negotiate risks and opportunities related to all areas of business and the law, including business formation, capital raising, IP, labor and immigration, and FDA.
ALSO THIS WEEK
David Danielson, a DOE assistant secretary, said in a speech that he’shelping steer between $75M and $100M toward grid-modernization investments over the coming months.
14 Long Island communities received state funding to explore microgrids.
Inventrix Elaine Schroeck would love your help in getting her cutting-edge design for the Lawn Buddy to market.
Buffalo’s 43North biz plan contest, billed as the world’s largest (by those who started it), hauled in a record 3,000+ qualified entries. Do they understand you have to launch your company in Buffalo?
Bonded Energy Solutions is field testing its design for a system that finally licks the 300-year-old problem with steam heat. That you can’t control it.
Healthtech startup Coalytics believes it can help physicians wrestle that heavy-handed taskmaster called Obamacare.
A BAGEL DIET? SIGN ME UP: Great Neck startup Decision Nutrition is becoming a heavyweight in the diet and nutrition sector with chia bagels and other hydrophilic foods. Its founder, Keren Gilbert, just wanted to avoid being one of the ladies who lunched.
GOOD FOR THE LAB AND THE GANDER: Stony Brook University was awarded $1M in state money to finish out a refit of its Engineering and Applied Science labs. Aquebogue’s Crescent Duck Farm landed $250K.
NOT PULP FICTION: Entrepreneur Joe Triglia is in line for state grants for his patented wood-drying process that gets microwaves and radio frequencies to play nice enough together to cure lumber for market in a single day. Versus the current standard of two months.
Solar power usage is up 300 percent in New York over the past three years. Too bad Long Island’s grid can’t take any more.
LITTLE BLUE: IBM has unveiled a new kind of ultra-dense chip, which packs in four times as much computing power as the best silicon version currently available. The new chips offer the possibility of creating transistors that are 7 nanometers thick, or less than three times the size of a strand of DNA.
COMPOSTING POPULAR, BUT NOT IN NY: The folks at Save on Energy studied Google searches by state to try to determine who cares the most about the environment. You might be surprised to see where New York ranked. Grist with the details.
You won’t be surprised to see where New York placed in a Tax Foundation survey of how much a Benjamin is comparatively worth across the nation. (Spoiler: We beat Hawaii, at least.)
COLLATERAL DAMAGE: High levels of student debt are hampering access to start-up capital for entrepreneurs, according to a study by Penn State prof Brent Ambrose. Not good, Nerd Wallet reports, given that small businesses account for 60 percent of new jobs and half of the private sector economy.
And, as dropouts Mark Zuckerberg, Bill Gates, Steve Jobs, Michael Dell and Chuck Dolan might tell you, college debt is way overrated anyway.
LIKE THIS? Please pass along a good thing to a friend or colleague. Forward this newsletter and encourage your crowd to sign up here.
SWITCHING OFF EBOLA: Albany startup HocusLocus has received $1M in grants from the NIH to battle HIV and Ebola using the firm’s “switchable” RNA research.
CLOUD FUNDING: SoHo-based startup Digital Ocean, which builds cloud-infrastructure for small firms, has raised $83M to expand its engineering team and build on its position as the second-largest cloud provider after Amazon. Although there’s some distance between the two.
YAY! FIRST AT SOMETHING: Sagaponack is the most expensive zip code in the country, beating out Atherton (Silicon Valley) and Beverly Hills, according to a Property Shark survey. The rest of Long Island placed fourth. Just kidding.
WHY IS NOT COMPLETELY CLEAR: Google Glass is making a comeback.
IN THE EVENT YOU NEED ONE: We can work with you to increase registration and awareness for your events. Want to partner with us on an event? We do that, too. Email us:email@example.com
ENTREPRENEUR TIP: Less than 2 percent of all small businesses receive venture funding, so if your business plan depends on raising VC money, you’re starting out with a single-digit chance of success. And that’s not counting the fact that 90 percent of all startups fail anyway.
MISSED A ROUNDUP? Most are archived here.
BELOW THE FOLD
A NEW SPIN ON IMMIGRATION: A developer has proposed a giant Ferris Wheel to help put Staten Island on the tourist map. A third of the $500M price tag would come from Chinese investors who hope to get residency visas in exchange.
PIEROGI DAY IS OCT. 8: Interested in proclaiming a weird national food day? You have to go through Marlo Anderson in Mandan, N.D. And bring your checkbook.
JOYCE KILMER WAS ONTO SOMETHING: Forestry officials in Australia assigned email addresses to trees so residents could report damage and other issues. That’s when the love letters started arriving.
SIX DEGREES OF WARREN BUFFETT: Business Insider looks at 10 unlikely businesses created by big tech execs before they got famous. Includes a mention of Warren Buffett’s pinball machine empire, which he built with high school classmate Don Danly, my sister’s father-in-law. (They invented a faux boss, Mr. Wilson, because no one would do business with kids.)
A REMINDER: There’s really no such thing as “free” news. Please support our sponsors.
Compiled by John Kominicki. Thanks for reading.