Long Island start-ups displayed pioneering new products and technologies at the fourth annual Incubator Showcase, sponsored by the Vice President for Research and the Office of Economic Development, and held at the Center of Excellence in Wireless and Information Technology (CEWIT) on June 5.
More than 50 start-ups exhibited at the event, which celebrates the flourishing entrepreneurial culture built at Stony Brook University and highlights the individual success of companies incubated here.
“Our Stony Brook University incubator companies are creating incredibly robust and diverse opportunities for future industry growth and collaboration in our communities,” said Peter Donnelly, Associate Vice President for Technology Partnerships.
Donnelly oversees the incubation program at SBU, which includes incubators at both CEWIT and the Advanced Energy Center. Both are located in the Research & Development Park. The agriculture environmental science center at the Calverton Incubator was represented by food start-ups such as Subtle Tea, Satur Farms and Sweet Vineyards.
“It’s exciting to see students, professors, community members, as well as retirees, utilizing the fabulous opportunities offered through the SBU incubator system and finding the best path forward and on to the next level of success,” Donnelly said.
Stony Brook incubator companies pay rent for their space and pay additional charges for any SBU fee-based programs in which they participate. The companies realize substantial benefits from close proximity to other start-ups, with which they can discuss strategy, development and challenges facing young firms.
The Small Business Development Center provides professional business advice, education and resources such as business planning, marketing & financial referrals.
Donnelly also oversees a staff of professionals who assist companies in achieving milestones and who provide continuous support and strategic direction in product and company development.