September 26, 2016: iCANny, the BioInc incubator at New York Medical College, and Life Science Quest, LLC are collaborating to facilitate the commercialization of Chinese technologies in the United States and North America, and introduce American companies to prospective Chinese investors and partners for US and Chinese commercialization.
iCANny is an Empire State Development Corporation designated Certified Business Incubator and has specialized in the accelerated commercialization of innovative technologies since 2005. iCANny focuses on the development of innovations in renewable energy, information technology, and other disruptive industry sectors. In 2014, iCANny formed a partnership with New York Medical College and helped to launch the BioInc incubator on the college campus. This partnership was designated as the Innovation Hot Spot that provides tax benefits to Hot Spot incubated companies in the Hudson Valley.
BioInc@NYMC is the Hudson Valley’s only biotechnology incubator offering shared resources, turnkey wet lab space, and sponsored professional services to promising, high-potential entrepreneurs and start-ups. In addition to providing best-in-class infrastructure and operational services, BioInc@NYMC assists its members in refining their business strategies, building strong teams, and achieving developmental and funding milestones. BioInc@NYMC’s location on the New York Medical College campus provides biotechnology start-ups with more than affordable space; it offers members access to invaluable New York Medical College resources including cutting-edge core facilities and collaboration with scientists and clinicians.
Life Science Quest, LLC By supporting small and medium-sized biotech companies in manners creative, efficient, energetic, and flexible, Life Science Quest helps businesses promote their innovative technology, unlock their global potential, and empowers their overall growth. Recognizing that these companies are often challenged by limited resources, Life Science Quest engages to overcome barriers that impede growth and success. Large corporations need to find new growth opportunities to foster innovation and increase efficiency. Life Science Quest, with their experience and resources across a broad spectrum of fields in health care and life sciences, provides high quality, results-oriented services to help businesses overcome barriers and maximize their potential.
Les Neumann, the Managing Director of iCANny is excited about new opportunities now being explored. “This new consortium not only includes three dynamic organizations, but the senior management of these organizations, including Ms. Randi Schwartz, the Director of the BioInc incubator, and Ms. Ruobing Xia, CEO of Life Science Quest, represents a bridge to China and the international bio-pharma community.” Neumann continues, “The theme of the consortium is founded on two key principals: the convergence and commercialization of multi-disciplined technologies such as information technology and the life sciences; and the prominence and dynamic growth prospects for bio-tech, bio-pharma, and healthcare as major growth industries in the Hudson Valley.” iCANny, with its network of experienced executives, mentors, and advisors, stands ready to facilitate the growth and sustainability of regional and international enterprises seeking to locate in the Hudson Valley.
Randi Schwartz, Director of BioInc, acknowledges that, “Incubator companies usually struggle when it comes to early stage funding. The consortium will have a direct pipeline to an international cadre of investors and partners. Conversely, BioInc will become a home to Chinese and international start-ups and mature companies seeking a foothold for commercialization in the US and North American markets. This combined level of resources is unparalleled and places the greater Hudson Valley region in a unique and prominent position.” Since its opening in 2014, BioInc has been growing at a steady pace. With its original facility fully occupied and an anchor tenant in Phillips Medical in place, BioInc is poised for continued expansion both within Westchester and the surrounding communities.
Ruobing Xia, CEO of Life Science Quest, offers that she and her company will have an active role as the “bridge” to Chinese and international investors and partners. Ms. Xia continues, “The collaboration between iCANny and its experience in commercialization of new innovations, coupled with the academics, research, incubation facilities, and prominence of BioInc and New York Medical College, provides a pathway for international companies to commercialize their products and services as well as a roadway for US companies to present their technologies for export.” Ms. Xia, who has vast experience in domestic and international bio-tech and bio-pharma development, along with her team bring a unique perspective to the consortium and its benefits to the region.
For further information contact:
Les Neumann at info@iCANny.net
Ruobing Xia at rx@LifeScienceQuest.com
Randi Schwartz at randi_schwartz@NYMC.edu