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
