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Center For Biotechnology Awarded $500k U.S. Department of Commerce Grant

The i6 Challenge award sets aim on enhancing Long Island Bioscience Ecosystem

The Center for Biotechnology at Stony Brook University has announced that is has received a three-year, $500,000 U.S. Department of Commerce i6 Challenge Investment. The award will support the Center for Biotechnology’s (CFB) efforts to bolster the regional bioscience ecosystem by supporting a formal mentorship program, as well as a critical NIH-focused SBIR/STTR training and application development program which will assist in capital formation and launching new companies.

The Center for Biotechnology is among 35 organizations — including nonprofits, institutions of higher education, and entrepreneurship-focused organizations — from 19 states that will receive nearly $15 million to create and expand cluster-focused, proof-of-concept and commercialization programs, and early-stage seed capital funds through the Economic Development Administration’s (EDA) Regional Innovation Strategies (RIS) program. The Office of Innovation and Entrepreneurship (OIE), housed within the U.S. Department of Commerce’s Economic Development Administration (EDA), leads the Regional Innovation Strategies Program to spur innovation capacity-building activities in regions across the nation.

“Long Island’s innovation economy is rooted in cutting-edge basic and applied science and engineering, fostered by top-tier research institutions, a highly educated population, and a depth, breadth and scope of intellectual capital.” said Dr. Clinton T. Rubin, Director, Center for Biotechnology. Dr. Rubin continued, “This award and the initiatives it will support add to the growing, concentrated efforts the Center for Biotechnology, the Long Island Bioscience Hub and the hub’s partner institutions are making to grow the high technology innovations born in our region into fully realized ventures.”

The Center for Biotechnology (CFB) at Stony Brook University is an Empire State Development Division of Science, Technology and Innovation (NYSTAR) Center for Advanced Technology. Established in 1983, the CFB’s efforts are focused on accelerating the development of biomedical technologies in order to have a positive impact on human health and society. The CFB is also the lead administrative institution for the Long Island Bioscience Hub (LIBH) an NIH-designated Research Evaluation and Commercialization Hub (REACH) established with a National Institutes of Health grant in 2015. The initiatives under the i6 Challenge award will complement the efforts of the LIBH, a partnership between the Center for Biotechnology, Stony Brook University, Cold Spring Harbor Laboratory, Brookhaven National Laboratory and the Feinstein Institute for Medical Research, to commercialize biomedical innovations emerging from the partner institutions.

Download a PDF of the press release here.

Related Articles:
Schumer: Biz-Development Funds Big Deal For SBU – Innovate Long Island
Stony Brook Biotech Center Wins $500,000 to Foster Companies – Newsday

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CFB Client, IAMBIC has been awarded approximately $1M in grant funding from the National Science Foundation Small Business Innovation Research program. IAMBIC is an innovative shoe company disrupting the centuries-old footwear industry with their sizeless, precision-fit footwear driven by proprietary AI algorithms. This substantial funding from NSF enables IAMBIC to scale its cutting-edge precision-fit shoe design and manufacturing.

The Center for Biotechnology and its accelerator programs have been instrumental in assisting IAMBIC with their SBIR pursuits and commercialization development.

Read more about IAMBIC and their recent funding here.

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Chronus Pharmaceuticals has announced that it has received a $299,172 Phase I Small Business Technology Transfer (STTR) award in partnership with the Department of Chemistry at Stony Brook University.

Funding from the National Institute of Allergy and Infectious Diseases of the National Institutes of Health (NIH) will be used to establish feasibility of an antibody diagnostic for detecting childhood tuberculosis. The research will be lead by LIBH Researcher Nicole S. Sampson, PhD in the Department of Chemistry, who will serve as principle investigator on the award and work in close collaboration with Chronus Pharmaceuticals. [post_title] => Chronus Pharmaceuticals Receives Phase I STTR [post_excerpt] => Chronus Pharmaceuticals has received a $299,172 Phase I Small Business Technology Transfer (STTR) award in partnership with the Department of Chemistry at Stony Brook University. [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => chronus-pharmaceuticals-receives-phase-i-sttr [to_ping] => [pinged] => [post_modified] => 2018-02-01 16:55:18 [post_modified_gmt] => 2018-02-01 16:55:18 [post_content_filtered] => [post_parent] => 0 [guid] => http://centerforbiotechnology.org/?p=2939 [menu_order] => 125 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [2] => WP_Post Object ( [ID] => 2224 [post_author] => 3 [post_date] => 2016-06-01 14:54:43 [post_date_gmt] => 2016-06-01 14:54:43 [post_content] => Join us at the Stony Brook University Incubator Company Showcase at CEWIT on June 2nd ! A joint effort by Stony Brook University's Centers of Excellence, Centers for Advanced Technology, Business Incubators and Development Centers,  the event showcases one of the nation's most comprehensive suite of economic development programs and the technological innovations and entrepreneurial advances of the University's burgeoning community of member companies. The Incubator Company Showcase will feature over 40 company exhibits and displays. Providing ample time for valuable networking and one-on-one conversations with our scope of biotechnology, energy and information technology companies. The event will also commemorate both the graduation and homegrown success of Codagenix, Inc. For more information and to register, visit http://goo.gl/5MPWqK. [post_title] => Stony Brook Incubator Company Showcase [post_excerpt] => Join us at the Stony Brook University Incubator Company Showcase at CEWIT on June 2nd featuring over 40 company exhibits and displays that highlight the technological innovations and entrepreneurial advances of the University's burgeoning community of member companies. [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => stony-brook-incubator-company-showcase [to_ping] => [pinged] => [post_modified] => 2016-06-01 14:57:41 [post_modified_gmt] => 2016-06-01 14:57:41 [post_content_filtered] => [post_parent] => 0 [guid] => http://centerforbiotechnology.org/?p=2224 [menu_order] => 179 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [3] => WP_Post Object ( [ID] => 3926 [post_author] => 4 [post_date] => 2022-09-15 15:47:15 [post_date_gmt] => 2022-09-15 15:47:15 [post_content] =>

Registrations are now OPEN for the BARDA sponsored FedTech Startup Studio program. Join us on September 19th, 2022 from 4:00 pm - 5:00 pm ET and be among the first to learn about our application process, program sponsors, and the exciting curriculum you will learn over the course of the program.

Interested in applying? Applications are live and registrations are limited:
https://www.eventbrite.com/e/fedtech-startup-studio-2022-launch-event-tickets-391311482177


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CFB Client, IAMBIC has been awarded approximately $1M in grant funding from the National Science Foundation Small Business Innovation Research program. IAMBIC is an innovative shoe company disrupting the centuries-old footwear industry with their sizeless, precision-fit footwear driven by proprietary AI algorithms. This substantial funding from NSF enables IAMBIC to scale its cutting-edge precision-fit shoe design and manufacturing.

The Center for Biotechnology and its accelerator programs have been instrumental in assisting IAMBIC with their SBIR pursuits and commercialization development.

Read more about IAMBIC and their recent funding here.

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