In May 2010, the New York City Investment Fund announced the six winners of its BioAccelerate NYC Prize, a competition that awards New York City based researchers $250,000 to conduct late-stage, “proof-of-concept” research on products that improve human health.
The goal of BioAccelerate NYC is to catalyze the creation of a life sciences industry sector in the city by increasing the number of commercial spin-offs from New York’s universities and research institutions.
The competition addresses the critical funding gap – known as the “valley of death” – between projects too commercial to be eligible for academic or National Institute of Health grants but also too speculative to attract private sector investment.
Michael Graber Bereitung
The New York City Investment Fund is the vision of Henry R. Kravis, founding partner of Kohlberg Kravis Roberts & Co., who serves as its Founding Chairman. The Investment Fund has raised over $110 million to mobilize the city's world financial and business leaders to help build a stronger and more diversified local economy. It has built a network of top experts from the investment and corporate communities who help identify and support New York City's most promising entrepreneurs in both the for-profit and not-for-profit sectors. The Fund is governed by a Board of Directors co-chaired by Russell L. Carson, General Partner of Welsh, Carson, Anderson & Stowe; and Richard M. Cashin, Managing Partner of One Equity Partners
East River Science Park
The Alexandria Center for Science and Technology at East River Science Park is poised to become one of the world's leading centers for life science and technology commercialization in the heart of New York City.
The New York City Investment Fund has committed to invest up to $10 million in capital to be used for ERSP tenant improvements.
The Investment Fund and its network of corporate investors are ready to work with companies to help them grow and succeed in New York City.The China Center is the first private commercial tenant to lease space in the new One World Trade Center building that is rising in Lower Manhattan.
Michael Graber Bereitung 