Long Island Innovation Hot Spot

Accelerate Long Island (ALI), a 501c(6) non-profit founded in 2011, is a unique collaboration among the region’s research and academic institutions and business community to commercialize research and create an entrepreneurial ecosystem. ALI proposes to manage the Long Island Innovation Hot Spot, in collaboration with five co-applicants: the Broad Hollow Bioscience Park at Farmingdale State College (BHBP), Hofstra University, the Long Island High Technology Incubator (LIHTI), New York Institute of Technology, and Stony Brook University. ALI will build upon the successful Long Island Innovation Hot Spot managed by LIHTI for the past ten years, coordinating the Long Island region’s network of entrepreneurship support programs, incubator space, and professional support services. The co-applicants will serve on an Advisory Board that will guide the implementation of the program, which will include coordinating the tax incentives through NYS, managing a centralized professional services support program, faciiltating connections to the region's network of incubator space, fostering access to capital, and conducting outreach to a broad spectrum of important regional stakeholders. 
Program Name:
New York State Business Incubator and Innovation Hot Spot Support Program
Agency ID:
ESD
Applicant Name:
Accelerate Long Island
Region:
Long Island
County:

Suffolk

CFA Number:
120044
Round Number:
12
Award:
$1,250,000
Grant Money Disbursed to Date:
$26,463

Project Status:
GREEN
Anticipated Completion Date:
Contract Executed:
 
PROJECT STATUSES
Blue - Complete Green - On Schedule Yellow - Progressing Slowly Red - Concerns Pending Orange - Contract Not Executed Black - Cancelled/Declined