Thursday, September 20, from 5:30 PM to 8:15 PM
Lee Hecht Harrison
200 Park Avenue
MetLife at Grand Central
New York, NY 10017
To RSVP: Please click on the registration link below. You will receive a confirmation email shortly after registering. If you have difficulty, please register by email: Events@AngenAdvisors.com.
Cost: A nominal event fee of $20 is payable at the door. Regrets but we are unable to accept credit cards.
Directions: From 42nd Street: Walk through Grand Central; take escalators up two flights to check-in. From 45th Street: Walk up one flight to check-in.
Refreshments: Coffee, tea, and snacks will be served.
Eva Cramer, SUNY Downstate Advanced Bio Incubator
Jerry Creighton Sr., EDC at New Jersey Institute of Technology
One of the best ways to launch a firm is through participating in the business incubator of a university, non-profit, or private organization. Incubators provide start-up companies with low-cost offices and laboratories, assistance with funding, and serve as a sounding board for the commercialization process.
Incubation increases the probability that an entrepreneurial firm will succeed, due to the intellectual and financial resources it can tap into as a participant. However, there are considerable differences between incubators in terms of the type of firms they are designed to help. The meeting is devoted to clarifying these differences, as well as providing a roadmap for startup firms considering this path of development.
Leaders of two significant incubators will discuss their approaches, covering:
- Parameters for entering regional incubators
- Costs associated with being an incubator company
- Spectrum of services offered by SUNY and NJIT
- Typical length of stay for companies in incubators
- Financial support services - including state, federal, and angel
- Operational differences between states - New York and New Jersey
Eva Cramer, PhD, is a Distinguished Service Professor of Cell Biology and V.P. for Biotechnology and Scientific Affairs at SUNY Downstate Medical Center. She helped raise over $90 million to develop two facilities - an Advanced Biotechnology Incubator for startups, and BioBAT at the Brooklyn Army Terminal for more mature biotech companies. She is President of both organizations, which are run independently. BioBAT will ultimately provide over 500,000 sq ft of biotech space.
Jerry Creighton Sr., MBA, is the Executive Director of the Enterprise Development Center (EDC) at New Jersey Institute of Technology (NJIT). The EDC is among the largest high-technology / life-science business incubators in the US, averaging 90 portfolio companies per year. The National Business Incubation Association has awarded EDC the "Soft Landings International Incubator" designation, recognizing it as especially capable of helping non-US firms enter the US market.