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Economic Development at Stony Brook Business Incubator Association of NYS April 10, 2008

Economic Development at Stony Brook Business Incubator Association of NYS April 10, 2008. Ann-Marie Scheidt Director of Economic Development. “End-to-end” Suite of Programs. R&D Collaboration: Federally Funded Research Basic and applied research ($184M 2006-07) NSF IUCRC in Cyber-Security

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Economic Development at Stony Brook Business Incubator Association of NYS April 10, 2008

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  1. Economic Developmentat Stony BrookBusiness Incubator Association of NYSApril 10, 2008 Ann-Marie Scheidt Director of Economic Development

  2. “End-to-end” Suite of Programs • R&D Collaboration: Federally Funded Research • Basic and applied research ($184M 2006-07) • NSF IUCRC in Cyber-Security • NSF MRSEC: Garcia Center for Polymers at Engineered Interfaces • NSF Center for Environmental Molecular Science • NIH GCRC • R&D Collaborations: State Programs • Existing: NYS Centers for Advanced Technology (CATs) • Under construction: NYS Center of Excellence in Wireless/Information Technologies, STAR Center in Biomolecular Diagnostics and Therapeutics, Advanced Energy Research and Technology Center • Advanced Technology Assistance • Strategic Partnership for Industrial Resurgence (SPIR) • Technology Licensing • Workforce Training and Business Management Assistance • NYS Small Business Development Center • Incubation and New Enterprise Development “Applied/Commercial” “Basic”

  3. Medical Biotechnology Redesignated in 2004 Innovative Technology Grant program for faculty R&D projects requires commercial potential Promotes industry development through Long Island Life Sciences initiative, support for Long Island Angel Network Sensor Systems Designated in 1998 Collaborative research projects with more than two dozen industry partners Promotes industry development through regional technology showcases, consortium programs Centers for Advanced Technology

  4. Office of Technology Licensing and Industry Relations • Stony Brook has the most active tech transfer office in the 64-campus SUNY system. The campus accounts for: • ~90% of SUNY system technology licensing revenues • All three drugs from SUNY to have received FDA marketing approval • Hundreds of technologies are currently available for licensing • Some three dozen new companies have been started based on Stony Brook technologies

  5. Strategic Partnership for Industrial Resurgence Program (SPIR) • Provides access to all engineering disciplines, others, and CATs, CEWIT, STAR Center, AERTC as appropriate • 1,828 technology advancement projects with Long Island/New York State companies • Brought $95 million in joint project funding • Partnered with more than 330 LI/NYS companies • 10,569 jobs projected created/saved • On total state investment < $10M

  6. Small Business Development Center • Provides one-on-one counseling at no charge on small business start-up and management • Has assisted more than 11,000 clients (including incubator tenants) • Has helped them to obtain more than $250 million in financing • Satellite centers on South Shore, Calverton incubator

  7. Management Development and Workforce Training • Degree offerings include MBA, MS in Technological Systems Management • Non-degree offerings include certificates and short courses in manufacturing excellence, managing for quality, general management issues, specific technology issues; bioscience industry program • Offered by: • College of Business • College of Engineering and Applied Sciences • School for Professional Development • Center for Emerging Technologies

  8. Center of Excellence in Wireless and Information Technology • Consortium with New York State industry • $50M State commitment matches $155M from industry, >$50M federal. Already created 550 jobs • Research and development focus areas • Devices and Communication • Network Technologies • Software Systems • Applications • e-business and m-commerce; healthcare; transportation • Goal: Keep NYS software, IT at the forefront

  9. STAR Center in Biomolecular Diagnostics and Therapeutics • Campus competed successfully for $15M award from NYSTAR • Will co-locate biotechnology and sensor CATs with Department of Biomedical Engineering • Multidisciplinary biomedical science/engineering and technology projects to create new generations of drugs and diagnostic tools

  10. Multidisciplinary, multi-institutional partnership to develop and accelerate commercialization of alternative technologies First Platinum LEED building in New York State (if we beat NYC Bank of America Tower to completion) Focus on applications of nanoscience and technology to make energy alternatives affordable $35M state contribution Ground broken 10/16/07 Advanced Energy Research and Technology Center

  11. Stony Brook’s 3 Incubators Stony Brook Incubator at Calverton Long Island High Technology Incubator • Total >90,000 s.f., ~35 tenant companies, ~175 employees • “Graduates” employ hundreds of LIers, earned >$100M corporate revenues last year • Long Island High Technology Incubator ranked NBIA’s top mixed technology incubator, 2002; Stony Brook Software Incubator (with ); Calverton (ex-Northrop Grumman site)

  12. Cumulative Economic Development Results (2006) • Created/saved a projected total of 17,000 jobs • Assisted partners in obtaining more than $600 million in funding assistance and financing • Completed more than 2,700 projects • As an employer, purchaser and stimulus for indirect effects, as well as an economic development entity, Stony Brook has a total annual economic impact on Long Island of >$4 billionand almost 50,000 jobs.1 1. Center for Regional Policy Studies report, Spring 2003

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