An engineering-business double major teamed with two business majors to plan a health tech startup last fall.  The startup’s plan would deliver a mechanical walking support system for patients suffering from Muscular Dystrophy. Scott Gilroy, a senior business and mechanical engineering student designed the system and with business majors Joe Benedetto and Cory Mahoney wrote a thin business plan for the startup.

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MBA teams consulted six Tech Startups from campus incubators during the fall. Each team of three to five MBAs responded to one of the RFPs from the six Startups presented at the semester beginning.  Each team wrote a proposal to a chosen Startup for what and how the applied research would be done

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A pitch session was held recently as a step in turning inventions from federally funded research into marketable innovations.  Scientists from Brookhaven National Lab (BNL) pitched early plans for energy innovations to the board of the Clean Energy Business Incubator Program (CEBIP) meeting on campus at the Long Island High Tech Incubator.

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Deer herds have been overwhelming Southold Town located on the North Fork of LI. In response Assistant Innovation Center Director Burke Liburt suggested to Jeffrey Standish, Director of Public Works, that SBU may have expertise to help deal with this problem that causes car accidents and Lyme disease on much of Long Island.

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Amazon’s innovation as SBU’s bookstore ends after two years in June 1918 as part of the shutdown of all of Amazon’s half a dozen innovative virtual bookstores nationwide. It will continue with its lockers on campus for fast delivery of small products from the website. The Faculty Student Association (FSA) now searches for a new onsite bookstore vendor.

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Ed Fabian (MBA 2008) shared with Tech Innovation MBA students his entrepreneurial experience of a management buyout (MBO) of American Eagle Systems.  AES provides audit compliance and data security solutions and software for clients managing large amounts of data.

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Innovation requires the combining of Invention, Investment, and Entrepreneurship.  This trilogy was introduced to lower division students in Mechanical Engineering class of Professor Unrag Purwar on Sept 28 and Tech and Society class of Professor Lori Scarlatos on October 18. 

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An Entrepreneurial Finance Center is being planned by Richard Chan, Professor of Entrepreneurship. He has published on Crowd Funding and startup investor biases. He wants to gather related faculty interested in behavioral factors affecting investors.  

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Tal Eidelberg, CEO of Intrigma and SBU graduate 2007, talked with the Innovation class MBA511 via Facetime on October 28 about the startup of his emergency room staffing busi-ness ten years ago and its growth.  

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SBU Biotech Center met with Mt Sinai Hospital Innovation Partners in Manhattan on September 26 to share approaches to innovation.

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