New York Innovation Showcase Brings Together Entrepreneurs and Investors

June 27, 2013

New York City — State University of New York Chancellor Nancy L. Zimpher today convened a New York Innovation Showcase in partnership with SUNY Research Foundation President Dr. Tim Killeen and Empire State Development Corporation President, CEO & Commissioner Kenneth Adams.

At the event, more than 25 start-up companies from across the state made presentations to 40 potential investors. Most of the participating companies were established in partnership with a SUNY campus, incubator, or tech transfer office, and others received state investment dollars through the Innovate New York Fund.

The showcase supports Governor Andrew M. Cuomo's vision to attract more venture capital to New York State, as outlined in his 2013 State of the State Address, and is offered in alignment with the state's Innovation New York Network, which is helping more SUNY research and innovation transition from the laboratory to the marketplace.

“There is no more powerful force in today'’s marketplace than the next great idea, and SUNY is deeply committed to fostering those ideas by supporting innovation and entrepreneurship among our students and faculty through a number of initiatives,” said Chancellor Zimpher. “Programs like the Innovation Showcase are helping New York realize Governor Cuomo's economic development agenda and our system's strategic planning promise of SUNY and the Entrepreneurial Century.”

“Today's Innovation Showcase is another example of Governor Cuomo's commitment to supporting and growing an innovative, entrepreneurial economy,” said President Adams. “The Governor's game-changing START-UP NY, combined with new investments to support early-stage companies, will result in new jobs for New Yorkers and new products, breakthroughs and inventions made right here in New York.”

“Today's New York Innovation Showcase is a window into the future of START-UP NY,” said Killeen. “SUNY and its Research Foundation are proud of the innovative companies that have emerged from SUNY research and are growing in SUNY's incubators and centers of excellence across the state. The Governor's vision and partnership with SUNY present tremendous opportunity, and we are mobilized to realize its potential. The private investment community is a key partner to providing the capital needed to help new businesses drive innovation-based economic development throughout New York.”

Companies made their pitches to potential investors in four categories: Biotech/Healthcare; Medical Technology and Education; Energy and Materials; and Information Technology/Digital/Media. Some of the companies to give presentations today were:

  • Rgenix, Inc., which is developing the world’s first cancer therapies designed to target metastasis, the main cause of fatality in cancer patients;
  • Scivanta Medical Corporation, a patented, minimally invasive cardiac monitoring device that will provide the primary measurements of cardiac performance;
  • GiveGab, which helps volunteers and not for profits manage communications and activities; and
  • GradFly, which launched this spring and helps STEM students build an online portfolio by highlighting their exciting experiences, inventions, and projects.

A complete listing 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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