The Long Island BioMentor Initiative (LIBMI), brings highly qualified volunteer mentors together with motivated, early-stage bioentrepreneurs to provide actionable guidance and support as they advance their business strategy. The initiative was developed in an alliance with MIT’s successful Venture Mentor Service and employs a team mentoring approach which is guided by a statement of principles to ensure confidentiality and a conflict free environment.

The team format leverages shared expertise, provides multiple viewpoints, and builds in long-term consistency enabling entrepreneurs to make critical business decisions with as much information and foresight as possible. Mentors benefit from a shared load while getting the opportunity to interact among fellow mentors with similar passion.

The LIBMI is led by a partnership between the Center for Biotechnology and Accelerate Long Island in collaboration with Stony Brook University, Brookhaven National Laboratory, Cold Spring Harbor Laboratory, Hofstra University, and the Feinstein Institute at Northwell Health Systems with the goal of fostering an entrepreneurial ecosystem that will ultimately contribute to a vibrant bioscience cluster in the region.

The LIBMI builds upon a suite of services and resources provided by the NIH-designated Research, Evaluation, and Commercialization Hub (LI Bioscience Hub), Accelerate Long Island and the Emerging Technology Fund and the New York State Center for Advanced Technology in Medical Biotechnology.

Click here to launch LIBMI dedicated site

MENTORS

LIBMI mentors are carefully selected based on their expertise in business formation and operations, and for their skills as advisors as well as their desire and ability to give back. Mentors’ careers represent a wide range of experience, such as founders, CEOs, chief technical officers, or executives of companies. These mentors bring a wealth of entrepreneurial experience and contacts across a broad range of industries and markets. View More.

BIOENTREPRENEURS

LIBMI engages bioentrepreneurs who believe that they can benefit from collaboration with highly experienced volunteers, with great depth and range of experience. LIBMI bioentrepreneurs are expected to commit to a sustained relationship with LIBMI, and to be professional, open, and responsive to the volunteer mentors who work with them. Entrepreneurs can expect frank, un-biased, and in-depth consultations with a team of highly experienced mentors over an extended period.

NEWS

“Heavy-Hitting LI BioMentor Initiative Makes It Official” – Innovate Long Island, May 10, 2018

PRESS RELEASE: Long Island BioMentor Initiative (LIBMI) Established, Founding Mentor Training on November 18, 2016.

CONTACT

For further program information or to make an application, please contact Center for Biotechnology at 631-632- 8521 or center_for_biotechnology@stonybrook.edu.