LaunchPad Long Island

Lauch Pad Long IslandThe brain child of co-founders Andrew Hazen and Richard Foster, LaunchPad Long Island is a 12,000 sq foot co-working space with an emerging business accelerator in Mineola, Long Island.

LaunchPad LI has cracked one of the biggest obstacles that has suffocated many Long Island entrepreneurial endeavors in the past… accessibility. By having their own parking lot, adjacent municipal parking and Mineola train station at their doorstep, LaunchPad LI and their tenants have the unique ability to efficiently draw talent out of Brooklyn, Queens and NYC as well as local residents.

Co-working

Judging from my walk through during the launch party, Andrew, Richard and Brian set out from the start to ensure all public and private spaces were designed to be equally fun and functional. The modern (read: brand spanking new) environment has wood floors, glass desks, leather chairs & couches and all the amenities needed to make the long days and late nights a little less taxing. Aside from the main benefits of peer support and collaboration that make co-working so desirable, LaunchPad Long Island also includes:

  • Peer Support & Collaboration
  • 24/7 access
  • No security deposit
  • Professional services support (legal, finance, marketing, insurance, etc.)
  • Networking opportunities
  • Storage lockers
  • Free coffee & water
  • Copy/Print/San services
  • Access to Hofstra Zarb Business School Speaker Series
  • Conference rooms with large TVs
  • Relax in the Blast Off Lounge

Private Office Suites

The second floor of LaunchPad LI has thirteen (13) brand new furnished Executive office suites for 1 – 6 people.

  • 24/7 Access
  • 95% of suites have windows (Amen!!!)
  • Receptionist services
  • No long term commitments
  • High Speed WiFi
  • Flex Space & “Writable” Idea/Strategy Walls
  • Conference rooms with large TVs
  • Free coffee & water
  • Copy/Print/Scan services
  • On-site parking

Business Accelerator

Unfortunately, at the time of this post, details are still a bit sketchy on the business accelerator side of things. There seems to be a seed fund of $250K with up to $25k being allocated to each team accepted to the program. 

Based on what they are seeking in applicants, it looks intentionally vague, which is natural for the first class of a new accelerator, but what concerns me more, is the lack of  program, such as class start/end dates, demo days, equity structure to the accelerator (if any), and other typical accelerator parameters.

Regardless, I recommend any Long Island based early stage entrepreneur check it out. Just do your homework on other top accelerators like Tech Stars and Y Combinator to best understand how LaunchPad LI stacks up to their peers. 

And There’s More…

There are also a handful of other programs and services that look like they will be coming into their own in due time. Here are a few of them…

  • Speaker Series
  • 30 Under 30
  • Movie Night
  • LaunchPad Cadets

In summary, Long Island now has a true hub for entrepreneurial talent that is easily accessible both geographically and financially. Andrew, Richard and their team have accomplished something very special, now it’s time to get involved to ensure it flourishes. 

LI Tech Comets

LI Tech Comets LogoLI Tech Comets is a business accelerator housed in the LI Tech Mall.

Like most accelerators, LI Tech Comets follows the usual process of…

  1. Submit application
  2. A round of interviews to narrow the pool to a final class
  3. Free office space, legal, account and marketing assistance
  4. 3 months of mentoring
  5. Additional 3 months of mentoring/office space if applicable

There are however, some notable omissions. Most importantly there is no explicit initial investment of capital for companies entering the program and no “demo” day on the calendar for the class to show off what they have accomplished to a definitive list of equally vetted investors.

It is these “book ends of capital” that really define an accelerator but more importantly draw a competitive level of entrepreneurial talent to apply and intern a competitive level of mentors and investors to get involved. So as it stands today, LI Tech Comets smells more like a structured incubator with an eviction date than a typical accelerator the likes of Y Combinator in CA or Tech Stars in NYC.

The phase “Walk before you fly.” is displayed prominently on the LI Tech Comets website and by speaking with those involved, LI Tech Comets as an organization is doing just that. I look forward to seeing the fruits of their labor when the first class is released into the wild. Regardless of their survival rate, if LITC can rapidly evolve based on what they learned running the first class, they have an opportunity to become a keystone contributor to the Long Island startup ecosystem.

Learn more and submit an application.

LI Tech Mall

LI Tech MallThe LI Tech Mall is suite / cube space geared toward fledgling tech firms looking for some camaraderie.

It has all the infrastructure necessities: high speed internet, 2 shared conference rooms, kitchen and a receptionist. The biggest asset however is the close relation to LISTnet, one of the largest technology sector advocates on Long Island.

Offices range in price from  $500 – $900 and cubes are $200 – 250 which is on par with co-working spaces, but the location has more of an incubator feel with less chaos (for better or worse) and a focus on steady progress for its inhabitants. 

It is also worth noting that LI Tech Mall is home of the LI Tech Comets which is an early stage business accelerator.

If you are seeking a price competitive place to setup shop in the heart of Suffolk County that has a soft spot for tech, it is worth checking out.

Location

200 Parkway Drive South Suite 201
Hauppauge, New York 11788

More Information

NYC ERA Summer 2013 Applications Now Open

ERA Logo

The Skinny 

  • $40,000 investment
  • 4-month program
  • Follow-on investment in future rounds
  • Early application deadline: March 7th, 2013, midnight EST
  • Application Deadline: April 19th, 2013, midnight EST Interviews: April 22-26, 2013
  • Program starts on June 3rd, 2013 and ends on September 20th, 2013

Learn More & Apply (Remember the story about the early bird…)

About Entrepreneurs Roundtable Accelerator

ER Accelerator will provide all accepted participants an intensive experience in New York to help move their company forward.

Each accepted company receives a $40,000 investment along with follow-on funding and four months of:

  • Free collaborative office space in the heart of NYC’s Times Square
  • 200+ amazing mentors from the NYC startup community
  • Seminars and speaking programs lead by top entrepreneurs, technologists, and
    industry experts
  • Free legal and business services and support from our 25+ sponsors and partners
  • Access to experienced technologists, UI gurus and other product experts
  • Exposure to New York City’s leading seed investors and VCs
  • Demo Day, our end-of-session pitch day without equal: you’ll present to hundreds of angel investors and venture capitalists and continue to have access to the ER Accelerator network

Pitchcrawl 3.0 in NYC This Week

PitchcrawlFounders and investors, come to one of the most relevant events to build relationships in the industry. What is the Pitchcrawl like? It’s like a speed dating cocktail party, but more interesting.

Everyone pitches. Investors and Founders both get 30 seconds to say who they are and what they do to the group. Investors and Founders break up into one on one sessions. Food is served in-between.

Tickets online are reserved for Startup Founders only. Please do not register if you do not have a startup and are looking for funding, you will be denied entry. If you are a service provider and are interested in attending the event, please e-mail us at the following address to discuss sponsorship opportunities. Investors and media, please contact greg@dishcrawl.com. The event is free for investors and press to attend; investors do not need to buy tickets.

Please note – ticket prices will increase as we get closer to the event.

Confirmed Investors to date Include –

  1. ERA Accelerator
  2. Gen Y Capital Partners
  3. Solomon Wilson
  4. Hafooch Investments
  5. High Line Venture Partners
  6. DreamIt Ventures
  7. BOLDstart Ventures
  8. Metamorphic Ventures
  9. Rosemont Seneca
  10. First Mark Capital
  11. K2 Media Labs
  12. Genacast Ventures
  13. Star Angel Network
  14. New York Angels
  15. CanRock Ventures
  16. 37 Angels
  17. Founder Collective
  18. Arc Angel Fund
  19. RTP Ventures
  20. Golden Seeds
  21. BHV
  22. DFJ Gotham
  23. +Several independent angel investors

A few event logistics:

  • Do not bring Powerpoint files or presentations. Everyone will be pitching verbally only, this is an elevator pitch!
  • After the startups have pitched, the investors will give an overview of what they are looking to invest in. They will then announce which startups that they want to meet with. After those meetings other startups not called are free to approach the investors to discuss their business plans.
  • We will be sending an e-mail two days before the event with location details. The event is being held at a space in Midtown. 
  • When submitting your company description on the ticket page, please note that this description will be provided to the investors.

Also a special thanks to our sponsors!!!

Goodwin Procter LLP is a national law firm with a growing international presence. With offices in Boston, Hong Kong, London, Los Angeles, New York, San Diego, San Francisco, Silicon Valley, and Washington, D.C. At Goodwin Procter, there is a collective determination and an entrepreneurial spirit. As one of the nation’s leading law firms, Goodwin Procter handles some of the largest cases on record and also works with individuals and investors leading the way in new technologies and markets. Goodwin Procter’s award winning website, www.goodwinfoundersworkbench.com, is a great resource that provides free access to critical start-up forms, memorandum, best practices and other resources to form, operate and protect your start-up.

Trinet. TriNet is a trusted partner to small businesses, providing critical HR-related services on an outsourced basis. TriNet’s solutions help contain costs, minimize employer-related risks and relieve administrative burden to keep an entrepreneur’s focus on core business functions. From employee benefits service and payroll processing to high-level human capital consulting, TriNet’s expertise is integrated with every facet of a client’s business. TriNet specializes in serving fast-moving companies in fields such as technology and financial services, who recognize that top-quality employees are the most critical competitive asset. For more information, please visit http://www.trinet.com

Also, thanks to MatchPuppy for their help with organizing the event. MatchPuppy is the OkCupid for dog playdates, a new way for dog owners and their dogs to meet new friends locally. http://www.matchpuppy.com/

Inventors & Entrepreneurs of Long Island – Nassau and Suffolk County Mixer

Hello My Name IsThe Inventors & Entrepreneurs of Long Island are having a social mixer with both Suffolk and Nassau Inventors & Entrepreneurs (non county event) on Wednesday, February 20, 2013.

This will be a great opportunity to get to meet inventors and entrepreneurs from Long Island and for us to connect outside of the meetings and network. Inventors, entrepreneurs, resources.. bring your spouse or a friend…or make one!

Learn more and RSVP on Meetup.com

Health Care Capital Forum presented by Long Island Capital Alliance

Long Island Capital Alliance LogoLong Island Capital Alliance & Stony Brook University CEWIT and Sensor CAT present HEALTH CARE CAPITAL FORUM featuring 6 Emerging Growth Companies & Industry Investor Panel on Friday, March 8th, 8:00am – 10:30am

Presenting Companies

AdhereTech has created patented smart pill bottles that increase medication adherence. These bottles measure the exact number of pills or liquid in the bottle in real-time, wirelessly send this HIPAA-compliant data into the cloud, and remind patients to take their medication via phone call or text.

CytoSorbents Corporation is a critical care-focused therapeutics company using blood purification filters to control excessive, potentially deadly inflammation that could otherwise cause the failure of vital organs.

First Wave Technologies Inc. is a medical device facilitation business, with two initial products, the First Crush automated pill crusher in order to make them digestible due to the high demand by the growing population of senior citizens; and a respiratory device conversion and amplification technology that turns a ventilator into the equivalent of a $150,000 anesthesia machine.

Mobile Health One, Inc. develops mobile, on-demand HIPAA-compliant systems that unify healthcare professionals within and between organizations by simplifying communications to accelerate, consolidate, and control information sharing.

Raland Therapeutics, Inc. has developed diagnostic and therapeutic devices that use implantable biosensors to provide real time, in-vivo monitoring of biological signaling and cellular responses while minimizing animal handling, labor requirements, cell culture/pathologic processing and capital costs. 

Venus Pharmaceuticals International, Inc., a well-established pharmaceuticals manufacturer, has developed a proprietary photo-bioreactor technology to grow, harvest, and dry/extract micro-algae indoors, which is extremely useful for its medicinal properties.

About Long Island Capital Alliance Capital Forums

The capital forum provides an opportunity to meet capital providers and businesses seeking capital, as well as to hear a panel of industry experts discuss financing alternatives for health care businesses.

Learn more and register >

Hack your way to Silicon Valley… on a bus

Startup BusStartupBus is an invitation-only community of hackers (coders), hustlers (marketeers) and hipsters (designers) passionate about startups. They are best known for their annual competition where they bring new people into our community, building and selling a product on a bus that’s traveling 60 miles an hour towards Austin, Paris, or other major cities around the globe.

Startup Bus is now taking applications for their Silicon Alley to Silicon Valley Route.

Applications are by invitation-only. To be invited, you can reach out to former Buspreneurs or @TheStartupBus and convince them that you’re the right kind of awesome or crazy (ideally both). You can also connect on the StartupBus website and make a lot of noise so that we notice and invite you.

Company Camp for Long Island’s High School and Middle School Students

Company Camp LogoCompany Camp is a 10 week entrepreneurial training course where “campers” form teams, ideate products, test markets, hire web designers and raise capital and at the end of the day, create a business.

Company Camp will be premiering the documentary, The Startup Kids, holding SKYPE and in-person question and answer sessions with tech and entrepreneurial business leaders and one lucky team or individual (assuming a minimum “Camp” of 15″) will receive $10,000 to be put toward their business.

The cost of the program is $1,499 and includes the 25 hour, 10 week program, dinner each week (pizza, salad, water and/or soda).

GE and StartUp Health three-year Entrepreneurship Program

GE Startup HealthThe application deadline is only 2 days away for the GE and StartUp Health three-year Entrepreneurship Program designed to accelerate growth for consumer health companies. The program is part of GE’s healthymagination initiative, a $6 billion global commitment to provide better health for more people by improving quality, access, and affordability of care. Qualified consumer health companies may apply to the program at www.startuphealth.net/GE.

The program will help early-stage consumer health companies navigate the challenges of building successful growth companies and will include access to GE’s executives and technology experts, training on scaling business operations, and a GE leadership mentor for each company. We are seeking startups who will help solve some of the biggest challenges consumers/patients are facing today with their healthcare. If you have an idea or startup that helps address one of the below areas of innovation, we’d like to work with you to scale your business!

  • Big Data & Analytics: How do consumers, employers, providers and other key stakeholders use data and analytics to benefit the consumer/patient?
  • Sensors: How can sensors be taken to the next level to provide passive and active feedback on prevention, diagnosis, treatment, or monitoring of a condition?
  • Personalized / Precision Medicine: How do we migrate from a one-size-fits-all approach to a more customized and personalized approach to healthcare?
  • Chronic Disease Management: How can we drive real behavior change in consumers/patients to reduce some of the top deadliest & costly health problems that exist today?
  • Diagnostic Testing: What will be the next “at-home pregnancy kit” to help provide consumers/patients a more affordable and convenient way to diagnose, treat or monitor their condition?
  • Healthcare Cost Management: How do we utilize best practices from other industries like banking and automotive to enable people to become better, smarter “consumers” of healthcare?
  • Healthcare Delivery & Point-of-Care Solutions: How do we deliver care outside of the traditional four walls of a doctor’s office to make it more accessible and affordable for consumers/patients?
  • Healthy Aging: The growing 50+ population is becoming increasingly tech savvy, so what kinds of technologies will enable this group to smartly age-in-place?
  • Other challenges that we’re looking to solve include, but are certainly not limited to: home-based services and solutions, patient-provider engagement tools, and biometric solutions.

Applications for this unique Program with GE are being accepted through Friday, February 8, 2013. Apply here.