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Urban Universities and their Role in Central City Economics, University of New Yrok, Stony Brook

University of New Yrok, Stony Brook - NY, New York

Stony Brook has created an incubator program that fosters development in the biomedicine industry. It has also established a venture capital firm for small technology businesses and a private fund.

It has received $6 million for the incubator program which is comprised of state grant and loan money and a conventional loan.

Excerpted from the Brookings Institute Center on Urban and Metropolitan Policy’s “”Urban Universities and their Role in Central City Economies”", December 1997

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