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NYS Governor Hochul Announces $5M Investment in AI at Stony Brook

Governor Kathy Hochul recently announced that Stony Brook University will receive $5 million over the next three years from New York State to reimagine its existing Department of Technology and Society in the College of Engineering and Applied Sciences (CEAS).

The funds will be used to support faculty hiring, graduate and undergraduate research, internships and fellowships, new technology, and other AI-focused efforts in the establishment of a new Department of Technology, AI and Society.

The new department will be built upon and leverage the expertise of the existing Department of Technology and Society. It will facilitate interdisciplinary research and thinking across SBU’s colleges and schools, as well as the new AI Innovation Institute, to explore applications of AI to challenges like energy and the environment, medicine and human health, and technology, arts and society, organized around themes of ethics, equity and justice.

Read more about the funding and Stony Brook University’s AI Innovation Institute via Stony Brook University News: https://news.stonybrook.edu/university/governor-hochul-announces-5m-investment-in-ai-at-stony-brook

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The 2024 Bristol Myers Squibb Golden Ticket competition is now live and offers incredible opportunities for your startup:

  • Dedicated lab space in the heart of NYC
  • Unparalleled networking and programming opportunities
  • Tax-free benefits to accelerate your growth
  • Access to a vibrant community of innovators

Bristol Myers Squibb will select up to two (2) winners. Do not miss this chance to fast-track your milestones! Apply now: https://www.biolabs.io/bmsgoldenticket2024

[post_title] => BMS Golden Ticket Competition! 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Drs. McCarthy and Araldi have broad bioscience industry experience and comprehensive knowledge of commercializing academic technologies. In their roles as BEIR they will identify technologies that have the potential to support company formation in the region.  Each brings unique skills and perspectives to technology assessment and bioscience-startups. Dr. McCarthy is a senior biotechnology strategist with operational, start-up, development, and financial expertise. He currently serves as a business advisor to Gismo Therapeutics Inc. and VP of Business and Clinical Development at Viatar CTC Solutions Inc. Prior to his Wall Street and entrepreneurial career, Dr. McCarthy was a faculty member at Cornell University Medical College and the National Naval Medical Center. Dr. McCarthy received his PhD in Neurobiology from Stony Brook University. Dr. Araldi is a pharmaceutical and biotechnology executive with more than 25 years of experience ranging from basic research through clinical development at major pharmaceutical companies including Glaxo, Forest Laboratories and Merck-Serono.  Dr. Araldi has been involved in the development of key medicines such as Teflaro®, Dutogliptin®, Gavestinel®, Sanfetrinem® and Sanfetrinem® Cilexetil and is the inventor of 113 granted patents. Dr. Araldi received doctorate degrees in Organic Chemistry and Pharmacy from the University of Parma (Italy) and recently received his M.B.A. in Finance from Long Island University Post. “The Long Island Bioscience Hub is excited to announce the appointments of Drs. McCarthy and Araldi as BioEntrepreneurs-in-Residence” Diane Fabel, Director of Operations for the Center for Biotechnology stated. “They join a talented roster of five existing BioEntrepreneurs in Residence at the Center for Biotechnology who are well on their way to commercializing technologies and building their companies.” As B-EIRs Drs. McCarthy and Araldi are tasked with identifying technology or technologies from within the partner institutions that will create the foundation for licensing and company formation.  They will have the support of the LIBH business and technology development staff, as well as the support of external industry advisors to develop successful commercialization strategies. The LIBH can also provide access to a competitive pool of technology development funding to help move their technologies down a commercial pathway.  Ultimately, the goal is to help the company position itself prepare for SBIR/STTR grant opportunities, and Angel and VC investment. [post_title] => Long Island Bioscience Hub Selects Bioentrepreneurs-In-Residence [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => long-island-bioscience-hub-selects-bioentrepreneurs-in-residence [to_ping] => [pinged] => [post_modified] => 2016-03-29 20:13:28 [post_modified_gmt] => 2016-03-29 20:13:28 [post_content_filtered] => [post_parent] => 0 [guid] => http://centerforbiotechnology.org/?p=2062 [menu_order] => 197 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [2] => WP_Post Object ( [ID] => 3418 [post_author] => 3 [post_date] => 2020-01-14 15:43:38 [post_date_gmt] => 2020-01-14 15:43:38 [post_content] => Farmingdale, New York based Codagenix, Inc., a clinical-stage biotechnology company developing prophylactic vaccines and oncolytic virus therapies, has announced the closing of a $20 million Series B investment round. The new investment was led by Adjuvant Capital, with participation by Euclidean Capital and Topspin Partners. The funds will be used to support the further clinical development of Codagenix's live attenuated RSV vaccine for the elderly, a broadly-protective influenza vaccine and an oncolytic virus therapy for triple negative breast cancer (TNBC). This funding round, combined with Series A investments, brings Codagenix's total funding to $38 million. Previous funders include Topspin Partners, the Center for Biotechnology and various U.S. government agencies. More. [post_title] => Codagenix Announces $20M Series B [post_excerpt] => CFB Client, Codagenix, has announced the closing of a $20 million Series B investment round. 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The 2024 Bristol Myers Squibb Golden Ticket competition is now live and offers incredible opportunities for your startup:

  • Dedicated lab space in the heart of NYC
  • Unparalleled networking and programming opportunities
  • Tax-free benefits to accelerate your growth
  • Access to a vibrant community of innovators

Bristol Myers Squibb will select up to two (2) winners. Do not miss this chance to fast-track your milestones! Apply now: https://www.biolabs.io/bmsgoldenticket2024

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BMS Golden Ticket Competition!

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Long Island Bioscience Hub Selects Bioentrepreneurs-In-Residence

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Codagenix Announces $20M Series B

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