Empire State Development Corp.

At FSC, skin-deep startup joins Start-Up NY’s ranks

By GREGORY ZELLER // The Empire State Development Corp. has opened its books and welcomed another Long Island company into the Start-Up NY family. Farmingdale State College announced this week that startup biotech BF Innovation, which moved into FSC’s Broad Hollow Bioscience Park earlier this year, has been accepted into the Start-Up NY program, which boosts new and expanding businesses with tax breaks and innovative academic partnerships. BF Innovation plans to invest $1 million and…


Albany backs NYIT’s next-gen bioengineering lab

By GREGORY ZELLER // A new bioengineering laboratory is coming to the New York Institute of Technology’s Old Westbury campus, thanks to a hefty state award. The Empire State Development Corp. on Wednesday announced a $150,000 grant that will help NYIT establish the Bio-Nanotechnology and Biomaterials Laboratory, a research- and innovation-focused bioengineering lab packed with next-level tech facilitating specialized research into complex bioengineering, artificial-intelligence and life-sciences issues. The grant was awarded through Round 7 of…


For food manufacturers, MTRC/LIFC spells “growth”

By GREGORY ZELLER // Some fairly thick alphabet soup will create a tasty economic-development stew for regional food manufacturers. The Manufacturing & Technology Resource Consortium is partnering with the Port Washington-based Long Island Food Council on a multifaceted effort to bring expert consulting services to food manufacturers in Nassau and Suffolk. The MTRC/LIFC partnership will be a resource for clients of the MTRC, which is located on the Stony Brook University campus and serves as…


No. 309: Gandalf grays, Northwell walks, Islip eyes the CFA and why they’re lining up to fund Envisagenics

Oh, you SO earned it: Congratulations, dear reader – you’ve completed another busy week in socioeconomic innovation, and not just any week, but the week leading up to a long holiday weekend and the unofficial start of summer. Well done. It’s May 25 out there, and still shaking from last night’s premier of “Solo: A Star Wars Story” (really good, not great), we’d like to wish you a very happy Geek Pride Day. Doppler on…


Envisagenics’ artificial intelligence wows real investors

By GREGORY ZELLER // They’re on a major roll at Envisagenics Inc., a Cold Spring Harbor Laboratory spinoff that’s piling up some hefty research grants. Now based in New York City, the biotech announced this week that it’s been awarded a $1.5 million Small Business Innovation Research Phase II grant from the National Institutes of Health – the second time the NIH has backed the data-crunching startup. The new award is earmarked for the continued…


No. 301: On Morse code, award winners, second chances and a $24 million rock for the Montauk Lighthouse

Welcome back to the show: It’s been a dog’s age, dear readers, but here we are again, back where we belong, in your inbox and on top of the Long Island innovation economy. It’s Friday, April 27: And we’re still coming down from Tuesday’s high, our 2018 Innovator of the Year Awards show – a smash hit, if we don’t say so ourselves. Please remember, it’s never too early to start thinking about our 2019…


Hempstead, Southampton earn downtown-demo dollars

By GREGORY ZELLER // Two Long Island downtown-redevelopment efforts will be bolstered by a cool million, each, in state funds. Round Five of the Restore New York Communities Initiative doles out a total of $81 million to 71 statewide projects, including $1 million stipends for demolition projects in downtown Hempstead and downtown Southampton – both clearing the way for modern multi-use developments. The latest round of competitive RNYCI funding was dispersed in the FY2017 state…


AEC focuses global attention on next-gen generation

By GREGORY ZELLER // The future is imminent for AEC 2018, the Advanced Energy Conference that will unite global energy leaders, researchers and entrepreneurs in New York City on a quest for cleaner and smarter energy solutions. Presented by Stony Brook University’s Advanced Energy Research and Technology Center and a critical mass of major-league sponsors – leading corporations, regional utilities, top research institutions and more – the 10th annual AEC has adopted “The Future of…


Forget something? NY’s life-sci panel (mostly) stiffs LI

By GREGORY ZELLER // Eyeing a “vibrant life-sciences ecosystem” across the state, Gov. Andrew Cuomo announced Thursday the launch of a new Life Science Advisory Board – but the high-profile panel largely overlooks life-sciences-heavy Long Island. Although Albany would seem to consider the Island a hotbed of biotech and health-science research and commercialization, none of the region’s major research institutions or life-science enterprises are represented on the new LSAB. So, no one to share updates…


Matching state grants boost regional SBIR innovators

A Stony Brook University-based small-biz booster program is doubling down on federal Small Business Innovation Research award winners. Through a $1.2 million Empire State Development Corp. incentives package administered by the university’s Small Business Development Center and the Research Foundation for SUNY, SBU has released the first set of matching grant funds to SBIR awardees in Nassau and Suffolk counties. Four regional companies benefited from a total of $50,000 released this round, including Farmingdale-based vaccination…


No. 288: On awards season, Opportunity Zones, international patents and dumpster fires

Snow kidding: Another whitewashed workweek is in the books, dear readers, and if you thought Wednesday’s surprise snowstorm was a shocker, just be glad you weren’t in England 127 years ago today. That’s when the Great Blizzard of 1891 began its tear across the UK. Featuring 15-foot snowdrifts and crippling winds, the five-day snowmageddon is blamed for the deaths of 200 people and more than 6,000 animals. According to the story, snow piles were still…


No. 287: MDs on the fast track, IPS in the Smithsonian, new hope for the nipple and ESD doesn’t mean to brag, but…

Welcome to Wednesday: And over the hump we go, dear reader, as another week of innovation and socioeconomic progress plows forward. And we do mean plows. When’s spring start, anyway? Passing Go: March 7 is another big date for historical innovation. Charles Miller kept them in stitches when he patented the first U.S. sewing machine in 1854, Alexander Graham Bell let his fingers do the walking when he patented the telephone in 1876, and while…


In the land of milk and Cuomo, opportunity flows

By GREGORY ZELLER // Unemployment’s down, personal income’s up and private-sector jobs across New York State have never been more plentiful. These statistical truths and more color Empire State Development Corp.’s 2017 Annual Report, a 128-page economic-development bouquet wherein the Fortune 500 flock to Cuomoland and a river of golden opportunity flows from the gleaming capital – more specifically, $1.8 billion in ED grants, loans and tax credits, dispersed by Albany over the 12 months…


Cuomo looks to expand state’s MWBE outreach efforts

By GREGORY ZELLER // Albany is looking to expand the reach of New York’s successful MWBE Program. While current state law attaches specific “utilization” goals to the awarding of state contracts, proposed legislation would tweak the rules to include municipal contracts funded by the state – meaning counties, towns and other jurisdictions that funnel state monies into local projects would also have to meet minority- and women-owned business enterprise quotas. Gov. Andrew Cuomo announced the…


Alive and well, Start-Up NY adds two LI biotechs

By GREGORY ZELLER // Two early-stage Long Island biotechs are among 10 new companies hitching their wagon to one of Albany’s primary business-development efforts. Start-Up NY, the Empire State Development Corp. program that boosts new and expanding businesses with tax breaks and innovative academic partnerships, is opening its books to welcome 10 new businesses in the Long Island and New York City regions. The businesses – which each will launch, expand or relocate in geographic…