The CEWIT Incubator
CEWIT provides an integrated suite of services designed to fit the needs of diverse incubator companies. Our staff members’ combined range of recognized scientific, corporate, consulting, and entrepreneurship/startup venture experience directly benefits companies located in CEWIT as we provide a wide range of both scientific vetting and business mentoring.
Our advice, guidance, and assistance are geared to directly help incubator companies. Through the consulting mode of our work, we apply our entire network, often cross-referring contacts among other enterprises. The integration of our Centers’ Business Development and Entrepreneur in Residence (EIR) functions has enabled us further to optimize a company’s or inventor’s experience on the Stony Brook University campus. This experience includes aid in the creation of new businesses and helping entrepreneurs to sort out their operating business model and funding options, their time horizons and viability, and how they can gain leverage by application of SBU’s intellectual and material assets. At times, on a temporary basis, we will augment a client’s own business development where we can do so on a joint basis for them and for our Centers. We gladly edit and help burnish business plans (BP) and investor/customer presentations for clients through our EIR program.
Our venture funding network includes the Long Island Angel Network and our active contacts with the MIT Enterprise Forum of New York City have also helped us with multiple funding referrals. Thus our venture funding assistance activities on behalf of our Centers’ client span Angel through Series B.
CEWIT additionally assists in finding appropriate interns and manages internship programs for incubator companies. We measure the progress of each intern and help counsel companies with how they can gain the maximum benefit from this program. We advise in the hiring of interns and maintain their attendance, as well as assist incubator companies’ customers in showcasing CEWIT and the University’s technical skills available to them. CEWIT staff also participates in customer meetings of incubator companies. We furthermore arrange seminars on topics such as Intellectual Protecting, Legal Issues, Accounting Principles, and Research and Development Tax Credits.
Through these and other services available to incubator companies from other Stony Brook University networks, incubator companies continue to create economic wealth for New York State and the nation. View the business missions of our current incubator companies here at CEWIT.