Money

A lot of things have to come together for a region to end up with a successful biotech industry. One of things that was missing on Long Island in the 1980s and 1990s was local...

What convinces venture capitalists to invest in a biotech company? Having an association with a respected scientist can make a big difference. Jim Hayward of Applied DNA Systems recalls that with his first biotech venture,...

Many scientists come to biotech out of an interest in drug development. But drug development is a long, expensive process that does not always pan out. Jim Hayward, currently CEO of Applied DNA systems, describes...

Timing makes a difference in how a given location experiences a biotech boom. Jim Hayward, currently of Applied DNA Sciences, worked in the UK in the 1980s, and found that the differences between the US...

From the point of view of a university or research institution, the financial appeal of a successful biotech company is obvious. But there are other potential benefits as well. Molecular biologist Jerry Yin, formerly of...

Sometimes the availability of money nudges the direction your research takes. Glenn Prestwich, organic chemist and former director of the Center for Biotechnology at SUNY Stony Brook, describes how he and his lab ended up...

Factors outside individual researchers’ immediate control can have a significant impact on the direction their careers take. One of the things that nudged former director of the Stony Brook Center for Biotechnology Glenn Prestwich in...

Long Island is an expensive place to do business. Just like anywhere else, the success of a biotech startup depends on being able to find funding, and the availability of that funding fluctuates with time....

Founding a successful biotech startup requires not only a good idea but also a good source of financing. The money can come from venture capital, but the people on the venture capital side are not...

Long Island has many prominent educational and research institutions. On paper, it looks like the ideal place to build a biotech industry, especially since it’s near the venture capital powerhouse of New York City. But...

Plants need nitrogen to grow, but a significant portion of the nitrogen in fertilizers is not absorbed by the soil or used by the growing plants. Rather, it washes away into waterways, rivers, and the ocean. This in turn has had devastating effects on marine life. In some areas, excessive nitrogen in the oceans has caused algae blooms that kill wildlife, make it dangerous for people to consume fish or shellfish or in some cases even swim in affected waters. This problem isn’t limited to poorer countries. Nitrogen pollution is a serious problem here on Long Island. In our case, the nitrogen comes primarily from septic tanks and cesspools, although nitrogen from agricultural fertilizers also plays a role. Nitrogen pollution in the waters around Long Island has hampered fishing, made it dangerous to eat seafood from some areas, and caused environmental changes that make coastal areas more prone to flooding.