Innovation Showcase to Connect Entrepreneurs with Business Leaders & Investors

February 11, 2015

New York City – The State University of New York, in partnership with Empire State Development Corporation (ESD), tomorrow will host the second New York Innovation Showcase at the SUNY Global Center in New York City.

The annual event brings potential investors together with entrepreneurs whose company has been supported by SUNY through one of the system’s economic development initiatives such as an on-campus business incubator or Governor Andrew M. Cuomo’s START-UP NY program.

“New York’s high-tech economy is driven in large part by the innovations and ideas that SUNY supports across the state,” said SUNY Chancellor Nancy L. Zimpher. “Together with Governor Cuomo’s powerful economic development platform, the innovation showcase is an extraordinary opportunity for New York’s entrepreneurs to continue to grow their success. We are looking forward to reconnecting with our partners and helping them to attract new investment at this year’s event.”

"SUNY has committed to significantly increasing student opportunities to engage in research with their faculty and now via co-op opportunities with START-UP NY partners," said Alexander N. Cartwright, SUNY provost and executive vice chancellor and interim president of the Research Foundation for SUNY. "The Innovation Showcase highlights our success in this endeavor by providing a bridge for those students who have gone on to establish start-up companies to the potential funding necessary to grow the discoveries made during their time at SUNY."

“New York’s Innovation Showcase facilitates connections between New York State innovation and the financial resources of New York City,” said ESD President, CEO & Commissioner Kenneth Adams. “Supporting Governor Cuomo's START-UP NY program and his commitment to a growing, entrepreneurial economy, the showcase links companies in a wide variety of industry segments to potential investors and service providers. New investments in early-stage companies drive new jobs, new products and new opportunity in New York.”

The inaugural Innovation Showcase was a great success, with 75 percent of participating companies attracting new investment.

“Last year’s event was absolutely the best thing I've attended since returning home to New York State,” said Crystal Callahan, The Worldwide App, Inc., who participated in the first event.

Marcia Hendrickson, president & CEO of Mitogenetics, LLC, added, “The New York Innovation Showcase is a great opportunity to meet new investors and network with other technology companies. Presenting our young company to such a distinguished group provides valuable feedback about our strategy and products.”

More than 20 companies will represent business sectors across life science, health, digital media, technology, consumer, and more at the 2015 Innovation Showcase. The event will feature Keynote Speaker David S. Rose, managing partner of Rose Tech Ventures.

A list of participating companies is available online

About the State University of New York
The State University of New York is the largest comprehensive system of higher education in the United States, with 64 college and university campuses located within 30 miles of every home, school and business in the state. In 2015–16, SUNY served nearly 1.3 million students, including nearly 600,000 in credit-bearing courses and programs and more than 700,000 through continuing education and community outreach programs. SUNY students and faculty across the state make significant contributions to research and discovery, resulting in nearly $1 billion of externally sponsored activity each year. There are 3 million SUNY alumni worldwide, and one in three New Yorkers with a college degree is a SUNY alum. To learn more about how SUNY creates opportunity, visit www.suny.edu.


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