Where seed money led for 10 Long Island companies

Eight of the ten Long Island affiliated companies that received $100,000 each from the Accelerate Long Island Seed Fund and the Long Island Emerging Technology Fund, went on to receive an additional $23.7 million in investment in recent years, although not evenly, according to data compiled by Newsday reporter James T. Madore.

Codagenix Inc. of Farmingdale, a vaccine maker, received the most additional money, $11.6 million, while one company received less than $250,000. Two other companies received no money beyond the initial seed investment.

Investments in 10 Long Island companies


Details on the companies

You can filter this list by “What they do” “Affiliated institutions” or the year “Founded.” Additional investments are as of 12/1/2017. This data posted on Dec. 15, 2017.

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Company name Location What they do Affiliated institutions Founded Year of seed investment Total seed investment Additional investments Jobs at seed time Jobs as of 12/1/17
Company name Codagenix Inc. Location Farmingdale What they do Vaccines Affiliated institutions Stony Brook University Founded 2012 Year of seed investment 2014 Total seed investment $100,000 Additional investments $11,600,000 Jobs at seed time 2 Jobs as of 12/1/17 8
Company name DepYmed Location Farmingdale What they do Drugs Affiliated institutions Cold Spring Harbor Lab / Northwell Health Founded 2014 Year of seed investment 2015 Total seed investment $100,000 Additional investments $2,037,000 Jobs at seed time 1 Jobs as of 12/1/17 1
Company name Envisagenics Inc. Location Manhattan What they do Software for drug development Affiliated institutions Cold Spring Harbor Lab Founded 2014 Year of seed investment 2015 Total seed investment $100,000 Additional investments $3,442,000 Jobs at seed time 2 Jobs as of 12/1/17 8
Company name Goddard Labs Inc. Location Manhattan What they do Food testing / consulting / research services Affiliated institutions Stony Brook University Founded 2011 Year of seed investment 2014 Total seed investment $100,000 Additional investments $0 Jobs at seed time 1 Jobs as of 12/1/17 1
Company name PolyNova CardioVascular Inc. Location Stony Brook What they do Prosthetic heart value Affiliated institutions Stony Brook University Founded 2012 Year of seed investment 2014 Total seed investment $100,000 Additional investments $245,000 Jobs at seed time 1 Jobs as of 12/1/17 0
Company name Scannerside / Right Dose Inc. Location Port Washington What they do Software for monitoring radiation dosages Affiliated institutions Stony Brook University Founded 2011 Year of seed investment 2015 Total seed investment $100,000 Additional investments $0 Jobs at seed time 1 Jobs as of 12/1/17 3
Company name Green Sulfcrete LLC Location Melville What they do Concrete made from recycled sulfur Affiliated institutions Brookhaven National Lab Founded 2012 Year of seed investment 2014 Total seed investment $100,000 Additional investments $1,833,000 Jobs at seed time 3 Jobs as of 12/1/17 3
Company name Symbiotic Health Inc. Location Roslyn Heights What they do Drugs Affiliated institutions Northwell Health Founded 2013 Year of seed investment 2015 Total seed investment $100,000 Additional investments $850,000 Jobs at seed time 2 Jobs as of 12/1/17 2
Company name SynchroPET Inc. Location Stony Brook What they do Scanners Affiliated institutions Brookhaven National Lab Founded 2011 Year of seed investment 2014 Total seed investment $100,000 Additional investments $1,160,000 Jobs at seed time 1 Jobs as of 12/1/17 8
Company name Traverse Biosciences Inc. Location Stony Brook What they do Drugs Affiliated institutions Stony Brook University Founded 2013 Year of seed investment 2014 Total seed investment $100,000 Additional investments $2,525,000 Jobs at seed time 1 Jobs as of 12/1/17 1

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