Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > SUNY Levin Institute, Empire State Development Facilitate Collaboration to Drive Economic Opportunities Across New York State

Abstract:
As part of the iNY series, the State University of New York Levin Institute and Empire State Development (ESD) this week brought together more than 150 investors, entrepreneurs, and supporters to develop an innovation roadmap for New York State.

SUNY Levin Institute, Empire State Development Facilitate Collaboration to Drive Economic Opportunities Across New York State

New York, NY | Posted on July 3rd, 2012

For the first time, the six funds of the newly formed Innovate New York program outlined investment trends and business opportunities for New York entrepreneurs, at a conference held yesterday at the SUNY Global Center in New York City. Attendees discussed the best ways to connect talent, capital and business expertise in the different regions, including Buffalo, Rochester, Syracuse, New York City, Long Island, and Albany.

Established by ESD, Innovate New York is a federally-funded $25 million seed stage equity fund to support innovation and high-growth entrepreneurship that will lead to the creation of thousands of new jobs in New York State.

"Fostering innovation is a key priority for our state. It is the driver for sustainable economic development," said Steve Cohen, Deputy Commissioner of ESD. "Our mission is to strengthen innovative businesses in New York State and provide them with the ecosystem - access to capital and talent - that will make them successful."

One of New York's greatest success stories is the Albany NanoTech Complex, the world's largest incubator for nanotech technologies with $14 billion of capital investment. Based at the College of Nanoscale Science and Engineering (CNSE), the Complex hosts more than 2,600 scientists, researchers, engineers, and technicians - up from only 72 jobs in 2001.

According to keynote speaker Dr. Alain Kaloyeros, Senior Vice President and Chief Executive Officer of CNSE, nanotechnology has turned the innovation paradigm upside down.

"The world has become a nanotechnology-enabled super innovation highway, and through the vision and leadership of Governor Andrew Cuomo in further building a robust nanotechnology sector, New York is in a prime position to capitalize," Kaloyeros said, adding that the success of an innovation-based economy highly depends on the commitment to education and to the development of talent - including highly-skilled engineers and scientists - that can turn technical concepts into successful business models.

According to a report by Excell Partners, only 4 percent of the nation's total venture capital typically comes to New York State. New York has 8 percent of the nation's university R&D expenditure, representing a significant untapped potential for using innovation as the basis for economic development.

"To execute on our commitment to support entrepreneurs with innovative ideas, we need to build a strong statewide network that links talent, capital and business expertise. Collaboration among the regions will allow entrepreneurs to get the resources they need to be successful and bring economic benefits for the entire state," concluded Thomas Moebius, Director of SUNY Levin Institute.

The iNY program series is designed to increase the commercial success of scalable companies across New York State. It offers innovation-based companies access to mentors, financing, and best practices.

For more information, visit the iNY website and watch the program replays. Follow us on Twitter at @iNY and @Levin_Institute

About Empire State Development

Empire State Development (ESD) is New York's chief economic development agency (www.esd.ny.gov). The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Cuomo's Regional Economic Development Councils and the marketing of "I Love NY," the State's iconic tourism brand. For more information on Regional Councils and Empire State Development, visit www.nyworks.ny.gov and www.esd.ny.gov.

About the State University of New York

The State University of New York is the largest comprehensive university system in the United States, educating nearly 468,000 students in more than 7,500 degree and certificate programs on 64 campuses with nearly 3 million alumni around the globe. To learn more about how SUNY creates opportunity, visit www.suny.edu.

####

For more information, please click here

Contacts:
Rhea Galsim
Phone: 1 (917)-652-6049


SUNY Contact:
David Doyle

518-320-1311

ESD Contact:
Jason Conwall

518-292-5107

Levin Contact:
Katja Schroeder

917-652-6049

Copyright © SUNY Levin Institute

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Cool Calculations for Cold Atoms: New theory of universal three-body encounters September 2nd, 2014

Accounting for Biological Aggregation in Heating and Imaging of Magnetic Nanoparticles September 2nd, 2014

Engineers develop new sensor to detect tiny individual nanoparticles September 2nd, 2014

Future solar panels September 2nd, 2014

Jobs

Secretary Vilsack Announces Partnership to Advance Commercial Potential of Cellulosic Nanomaterial from Wood December 11th, 2013

Cutting Away at the NRC's Research Capability December 6th, 2013

Project aims to mass-produce 'nanopetals' for sensors, batteries October 22nd, 2013

Governor Cuomo Announces 'Nano Utica' $1.5 Billion Public-Private Investment That Will Make the Mohawk Valley New York's Next Major Hub of Nanotech Research October 12th, 2013

Govt.-Legislation/Regulation/Funding/Policy

Cool Calculations for Cold Atoms: New theory of universal three-body encounters September 2nd, 2014

UO-Berkeley Lab unveil new nano-sized synthetic scaffolding technique: Oil-and-water approach from Richmond's UO lab to spark new line of versatile peptoid nanosheets September 2nd, 2014

Accounting for Biological Aggregation in Heating and Imaging of Magnetic Nanoparticles September 2nd, 2014

Engineers develop new sensor to detect tiny individual nanoparticles September 2nd, 2014

Announcements

New synthesis method may shape future of nanostructures, clean energy: Findings advance efficient solar spliting of water into hydrogen fuel September 2nd, 2014

Accounting for Biological Aggregation in Heating and Imaging of Magnetic Nanoparticles September 2nd, 2014

Engineers develop new sensor to detect tiny individual nanoparticles September 2nd, 2014

Future solar panels September 2nd, 2014

Events/Classes

SouthWest NanoTechnologies CEO Dave Arthur to Discuss “Carbon Nanotubes and Automotive Applications” at The Automotive Composites Conference and Expo 2014 (ACCE2014) August 28th, 2014

Aspen Aerogels, Inc. to Present at Barclays CEO Energy-Power Conference August 27th, 2014

Malvern specialists to deliver inaugural short course on polymer characterization at Interplas 2014 August 27th, 2014

Wyatt Technology’s 24th International Light Scattering Colloquium to Highlight Developments in Applications and Characterization of Nanoparticles August 21st, 2014

Alliances/Partnerships/Distributorships

Leading European communications companies and research organizations have launched an EU project developing the future 5th Generation cellular mobile networks August 28th, 2014

JPK expands availability of instrumentation in the USA – appointing new distributors – launched a new web site to support the US market - AFM now available to US users August 26th, 2014

Sunblock poses potential hazard to sea life August 20th, 2014

SouthWest NanoTechnologies Appoints Matteson-Ridolfi for U.S. Distribution of its SMW™ Specialty Multiwall Carbon Nanotubes August 13th, 2014

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE