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Long Island Bioscience Hub is seeking experienced BioEntrepreneurs-in Residence

The Long Island Bioscience Hub (LIBH) is seeking experienced BioEntrepreneurs-in Residence (BEIRs) to launch new bioscience ventures in the Long Island, New York region. Company formation will be based upon commercially promising biomedical technologies emerging from Stony Brook University (SBU), Cold Spring Harbor Laboratory and Brookhaven National Laboratory.

To help facilitate this process, the LIBH will provide:

  • modest retainer/milestone payments to BEIRs for a predetermined period of time
  • access to technology development funding on a competitive basis
  • senior staff support to assist with commercialization strategies
  • office space
  • access to experienced industry advisors
  • introductions to investors and professional services

BEIRs will also have access to the resources of the LIBH including: faculty expertise, core research and engineering facilities, libraries, business incubators, the 245-acre Research Park, and a suite of end-to-end economic development programs. BEIRs will be responsible for evaluation of biomedical technologies available for license from LIBH partner institutions. BEIRs will ultimately select specific technologies to form the basis of a company, and will be required to develop detailed commercialization strategies, business plans and investor presentations. BEIRs will negotiate and execute option and/or license agreements with LIBH partner institutions as may be appropriate, secure capital from both public and private sources, and exit the BEIR program to lead the Long Island- based company as CEO. BEIRs will also provide guidance to entrepreneurial faculty members and participate in technology reviews and other meetings as deemed appropriate.

The most compelling BEIR candidate(s) will possess domain expertise and technical proficiency in the life sciences or engineering, as well as business acumen and industry experience, particularly in early stage technology commercialization, new venture creation, and fundraising. Advanced degree in life sciences, engineering, business and/or law are preferred. Terms of engagement dependent upon individual circumstances. BEIRs will report to the Center for Biotechnology Advisory Board.

Interested parties should contact to Eleanor Allen, with a statement of interest and resume. Inquiries will be considered on a rolling basis until appropriate candidates are identified.

The LIBH, was established by the Center for Biotechnology (CFB), a New York State Center for Advanced Technology, in collaboration with Stony Brook University, Cold Spring Harbor Laboratory, and Brookhaven National Laboratory, and with additional support provided by the National Institutes of Health REACH initiative (Research Evaluation And Commercialization Hub), Research Foundation for SUNY, and Empire State Development. The LIBH will foster the development of therapeutics, preventatives, diagnostics, devices and research tools emerging from LIBH partner institutions that address diseases within the NIH’s mission.

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Learn how to expand your presence in the global marketplace. Empire State Development’s Global New York Division is taking its expertise on the road - Global New York programs connect companies with sales agents and distributors abroad and offset the costs of exporting with grants and loans, as well as help New York businesses enter or expand their presence in the global marketplace.

From June 12 - 16, Global New York is bringing its eight foreign office representatives from Canada, Mexico, Europe (U.K.), South Africa, Israel, India, the Caribbean, and China on an seven-stop export promotion tour to regions across New York State.

Long Island: June 12
Central New York: June 14
New York City:June 12
Finger Lakes:June 15
Mid-Hudson:June 13
Western New York: June 16
Capital District: June 13

Learn more and register: https://esd.ny.gov/global-ny-trade-promotion-tour

[post_title] => 2023 Global NY Export Experts Tour [post_excerpt] => Learn how to expand your presence in the global marketplace by attending Empire State Development’s 2023 Global NY Export Experts Tour this June. [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => 2023-global-ny-tour [to_ping] => [pinged] => [post_modified] => 2023-05-12 17:31:45 [post_modified_gmt] => 2023-05-12 17:31:45 [post_content_filtered] => [post_parent] => 0 [guid] => https://centerforbiotechnology.org/?p=4095 [menu_order] => 1 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [1] => WP_Post Object ( [ID] => 3110 [post_author] => 3 [post_date] => 2018-12-18 16:29:30 [post_date_gmt] => 2018-12-18 16:29:30 [post_content] => As we all know, outside capital is like oxygen for technology related companies. Looking to raise funds to build your company? Equity crowdfunding may be an attractive option for startups or even companies of significant size (including those who have already done some capital raising!) Join the Center for Biotechnology, Farrell Fritz, P.C.and the Long Island High Technology Incubator for a workshop led by Alon Kapen, JD, Partner at Farrell Fritz, P.C. and Chair of its Emerging Companies and Venture Capital practice group. Mr. Kapen will discuss different types of equity crowdfunding available and key considerations for companies contemplating a crowdfunding offering. Topics will include costs, benefits, and drawbacks of different types of crowdfunding, including accredited crowdfunding under Rule 506(c) of Regulation D; non-accredited crowdfunding under Title III of the JOBS Act and Regulation Crowdfunding; and “mini” public offerings under “Regulation A+”. Thursday, February 7, 2019 | 9am-10am Long Island High Technology Incubator Main Conference Room. 25 Health Sciences Drive, Stony Brook, NY 11790 Registration is free – please RSVP here. https://cfb-equity-crowdfunding19.eventbrite.com   About our speaker: Mr. Kapen has extensive experience in providing focused representation to founders, startups, emerging companies, angel investors and venture capital funds in a wide range of high growth entrepreneurial matters and transactions. Farrell Fritz is a full service law firm of more than 85 attorneys that has earned a strong reputation in the New York business community. The firm handles legal matters in the areas of bankruptcy & restructuring; business divorce; commercial litigation; condemnation & eminent domain; construction; corporate & finance; distressed assets; eDiscovery; emerging companies & venture capital; environmental law; estate litigation; health law; labor & employment; land use, municipal & zoning; real estate; tax planning & controversy; tax certiorari and trusts & estates for corporations, not-for-profit organizations and individuals. The Long Island High Technology Incubator (LIHTI) is a non-profit organization dedicated to helping new technologically-innovative companies grow by providing them with a variety of support resources and services. Since its opening in 1992, the Incubator has been associated with more than 120 businesses, and over 60 companies have graduated successfully from the LIHTI program, contributing over $2.5B to the national economy and creating jobs for over 500 employees. Our affiliation with the Stony Brook University makes LIHTI an ideal place for cutting-edge R&D. Transferring technology and ideas from the University to the private sector has proven to be the single most important reason why the program has succeeded beyond anyone’s imagination.   [post_title] => EQUITY CROWDFUNDING WORKSHOP [post_excerpt] => Outside capital is like oxygen for technology related companies and equity crowdfunding may be attractive for companies from startup to a significant size - learn more at our workshop on January 11th. 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Qualified life sciences companies may be eligible to receive a fully refundable credit based on qualified research and development expenditures incurred in New York State (NYS). The credit is 15 percent for a company that employs 10 or more persons and 20 percent for a company that employs 10 or less. The credit is allowed for up to three consecutive years beginning with the first taxable year on or after January 1, 2018 during which the qualified life sciences company meets the eligibility criteria. The credit is capped at $500,000 per year for a lifetime cap of $1.5 million. Eligibility The Program is available to a new business entity that devotes the majority of its efforts to the various stages of research, development, technology transfer and commercialization related to any life sciences field. Life sciences means agricultural biotechnology, biogenerics, bioinformatics, biomedical engineering, biopharmaceuticals, academic medical centers, biotechnology, chemical synthesis, chemistry technology, medical diagnostics, genomics, medical image analysis, marine biology, medical devices, medical nanotechnology, natural product pharmaceuticals proteomics, regenerative medicine, RNA interference, stem cell research, medical and neurological clinical trials, health robotics and veterinary science. Research and development expenditures are defined as qualified research expenses of the federal research and development tax credit [Section 41(b) of the internal revenue code] incurred in New York State on or after January 1, 2018. Qualified expenditures do not include contract research expenses. A qualified life sciences company must be a new business. Application materials are now posted: https://esd.ny.gov/life-sciences-tax-credit-program https://esd.ny.gov/industries/biotech-and-life-sciences [post_title] => UPDATE for Life Sciences Companies from Empire State Development (ESD) [post_excerpt] => Empire State Development's Life Sciences Research and Development Tax Credit Program is designed to support new life sciences businesses locating, inventing, commercializing and producing in New York State. Program credits of $10 million per year can be allocated and used to encourage new businesses to conduct their research and development in the State. 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Learn how to expand your presence in the global marketplace. Empire State Development’s Global New York Division is taking its expertise on the road - Global New York programs connect companies with sales agents and distributors abroad and offset the costs of exporting with grants and loans, as well as help New York businesses enter or expand their presence in the global marketplace.

From June 12 - 16, Global New York is bringing its eight foreign office representatives from Canada, Mexico, Europe (U.K.), South Africa, Israel, India, the Caribbean, and China on an seven-stop export promotion tour to regions across New York State.

Long Island: June 12
Central New York: June 14
New York City:June 12
Finger Lakes:June 15
Mid-Hudson:June 13
Western New York: June 16
Capital District: June 13

Learn more and register: https://esd.ny.gov/global-ny-trade-promotion-tour

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2023 Global NY Export Experts Tour

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EQUITY CROWDFUNDING WORKSHOP

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UPDATE for Life Sciences Companies from Empire State Development (ESD)

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