Suffolk IDA’s “Start-Up Connect” Event

Start-Up Connect an IDA EventJoin the Suffolk County IDA at their “Start-Up Connect” event on April 10 from 6pm to 8pm at the Paramount in Huntington Village.

You can RSVP at http://www.suffolkida.org/event-sign-up.

Start-ups will be able to “Connect to Capital, Connect to IDA Companies and Connect to Government”.

Our April 10 lineup includes County Executive Steve Bellone, Deputy County Executive for Economic Development Joanne Minieri, IDA Executive Director Anthony Manetta, Huntington Supervisor Frank PetroneMark Lesko from Accelerate Long Island, Venture Capitalist Investors David CaloneAndrew HazenMark Fasciano, the SBA’s regional director Walter Oden and a host of groups including the Long Island Angels, LISTnet, COMETS, Empire State Development Corporation (ESDC) and Long Island Forum for Technology (LIFT).

Also meet local tech companies in Huntington that are part of the iDA’s Boost Program including Jeff Leventhal from Work Market, Ryan Thompson from CooCoo and George Kafkarkou from VLI North America.

The first hour is open to venture capitalists, IDA clients and start-ups formed in the last 5 years in Technology, Bio/Life Science, Energy, Green, Product Development and High Tech Manufacturing. The second hour starting at 7pm is open to the general business community. There is no charge to attend this event.

Coming by rail? Bolt Bus is having a free shuttle from Huntington train station for a 5:40pm pick up to the Paramount. Let us know if you plan to use the free shuttle.

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

Long Island Software & Technology Network (LISTnet)

Long Island Software and Technology Network, LISTnetThe Long Island Software & Technology Network (LISTnet) is one of  the largest groups specifically focused on growing the technology industry on Long Island. They are most well known for their Special Interest Groups (SIGs) which are essentially sub committees that run various educational and networking events to support the technology niches that make up their membership.

Below are a few of their SIGs:

  • Cloud Computing
  • Data Center Technology
  • E-Business
  • Healthcare
  • Lean Startup
  • LI Start-Ups
  • Media, Entertainment & Technology
  • Multi Media
  • Software Development
  • Wireless / CTI
  • Women In Technology

One of the biggest assets LISTnet has to offer is it’s network. With its larger membership base and big fish sponsors, as a member you have 1 or 2 degrees of separation from anyone in the Long Island tech scene.

If you are thinking about doing your own tech startup or are currently in one on the Island we highly recommend you look into joining one of LISTnet’s SIGs.

Presenters Selected for Cyber Security Capital Forum

Asking for MoneyWe just got word on the presenters for the upcoming Cyber Security Capital Forum on Friday, September 14th, 8am – 10:30am. The event is co-hosted by LICA, LIFT and LISTnet. 

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 cyber security businesses. Learn more about this event.

Presentors

IP Video Corporation

Its C3Fusion product allows users to securely integrate multi-platform video and audio inputs and prioritize threats from static and mobile locations.

Mobile Data Systems

Mobile Data Systems’ patent-pending FadeMark anti-counterfeit technology solution provides a secure interoperable wireless scanning system to identify and eliminate counterfeiting, theft and fraud.

Secure Decisions

Secure Decisions provides visual analytic tools to help identify risks posed by mobile computing devices. Wireless data and geographic information system are integrated to provide a unified view of detected wireless devices, their vulnerabilities, and threats.

Strategic Security Resources

Strategic Security Resources provides risk assessment and resource allocation strategies to identify and prioritize risk, and to develop high-risk reduction solutions.

Wiznucleus

Wiznucleus has proprietary software that protects nuclear power plants and other critical facilities from cyber hackers.

Industry Investor Panelists

Russell M. Artzt

Co-founder and former Chairman of CA Inc. (NASDAQ: CA) (formerly, Computer Associates International Inc.) Mr. Artzt led CA’s eTrust security brand, and was responsible for all aspects of CA’s award-winning eTrust security product line. With more than 30 years experience in the IT industry as atechnology leader, consultant and executive, in March 2008 he was inducted into the Long Island Technology Hall of Fame.

Robert Brill

Founding Managing Partner of Newlight Management and was previously a General Partner of PolyVentures, venture capital funds whose principal investment focus was on early stage investments in technology companies. Before joining PolyVentures, Mr. Brill was a successful “turn around” CEO at two technology companies.

James McIlree

Equity research analyst at New York-based investment bank Dominick & Dominick. Mr. McLlree has close to 25 years experience in the investment business, as a sell-side research analyst and buy-side analyst and portfolio manager, primarily focusing on emerging growth companies in the defense electronics markets.

William Reinisch

 Mr. Reinisch is a Partner of Palladin Capital Group, a private equity firm with a proven track record of financial expertise, national security experience and specialized technical competence.

 

Funding Opportunity: Cyber Security Capital Forum

Cyber SecurityThe Long Island Capital Alliance (“LICA”), announced that it will be holding a Cyber Security Capital Forum on September 14.  The capital forum will be held in partnership with the Long Island Software & Technology Network (“LISTnet”) and the Long Island Forum for Technology (“LIFT”).   LISTnet and LIFT will facilitate LICA’s reach into the rapidly evolving and critically important field of cyber security. 

At the capital forum, up to 5 cyber security companies will showcase their technologies and services. A panel of investors, business executives, and industry experts will observe these presentations and provide their insights on the development of the cyber security industry and its investments prospects. 

Applicants should be seeking growth or expansion capital and possess a unique cyber security technology or address a need in the industry.  If selected, they will have an opportunity to make an 8-minute presentation to a group of investors, venture capitalists, investment bankers, lenders, and others. To apply, please e-mail an executive summary or business plan to Amanda Seelmann (516-328-2300 x211) at aseelmann@abramslaw.com or submit it through www.licapital.org.