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It Up
Energizing the Long Island economy
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TURBO-CHARGE THE ECONOMIC ENGINE OF LONG ISLAND
A critical part of our mission is the promotion of economic development, business innovation and entrepreneurship through research and public private partnerships. This is not new — as our long record of business development through the Research and Development Park, Long Island High Technology Incubator, Advanced Energy Center of Excellence, and Center of Excellence in Wireless and Information Technology attest — but we are always looking for new ways to achieve these goals.
Governor Cuomo’s new “Start-Up NY” initiative provides just such an opportunity. Stony Brook is Long Island’s anchor for the program, serving as a tax-free zone for new and existing tech businesses to start-up or relocate in New York.
1,900
patents (and counting)
$7.23B
annual contribution to Long Island’s economy
60,000
employees
400+
businesses incubated by Stony Brook
PRIORITY INITIATIVES
ATTRACTING START-UPS AND TECH COMPANIES TO LONG ISLAND
Attracting start-ups and tech companies to Long Island
Funding will support the completion of a new Innovation and Discovery Center, a combination of laboratory and office space purpose built for the biotechnology, IT, electronics and advanced materials businesses Stony Brook hopes to attract and launch through its participation in Start-Up NY.
STONY BROOK STORIES
Integrated Gas Energy Technology Institute Launches at Stony Brook University
Stony Brook University and National Grid launched the nation’s most comprehensive “Institute of Gas Innovation and Technology” (I-GIT), which will be focused on finding clean and affordable energy solutions.
Transformational Energy Research
In July 2015, a Stony Brook University research team received $2.5 million from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) to develop a system that condenses water vapor from power plants in order to provide supplemental cooling for the plant and reduce water use.
Stony Brook-LIFT Bid Wins $5M State Contract
Stony Brook University and the Long Island Forum for Technology have been awarded a five-year funding deal to foster manufacturing in the region, with a focus on next-gen technologies and the life sciences.
