• A consortium of lawmakers announced a bipartisan federal bill last Friday to help transfer more than $1 billon per year in research funding secured by Long Island research institutions into successful small science and technology businesses.
U.S. Senator Kirsten Gillibrand and Congressman Tim Bishop joined Stony Brook University President Sam Stanley, Long Island Association President Kevin Law and several leaders in Long Island’s technology industry to announce the news Friday at Stony Brook’s Calverton Business Incubator.
New York State currently ranks second in the nation in university research funding. The state receives about $6 billion in total federal investment across research institutions each year – but only attracts 7 percent of the nation’s venture capital needed to grow successful companies. To help close this gap, Ms. Gillibrand and Mr. Bishop are pushing for passage of federal legislation called the Technology and Research Accelerating National Security and Future Economic Resiliency (TRANSFER) Act, which would create a competitive grant program for universities, federal laboratories like Brookhaven National Lab and non-profit research institutions to help scientists and researchers secure business resources and training to attract private investment, bring their discoveries to the marketplace, and create new high-tech companies and jobs.
• The Beacon recently sat down with Deepwater Wind CEO Jeff Grybowski to discuss the future of wind power on Long Island. Deepwater Wind plans to build a turbine farm that would power the East End 30 miles off the coast of Montauk. The Beacon’s full story is online here.
• Joe Delia and the Thieves play a free concert at the Montauk Green tonight at 6:30 p.m., one of many upcoming free concerts throughout the East End this summer.