Bringing highly qualified volunteer mentors together with motivated, early-stage bioentrepreneurs to provide actionable guidance and support as they advance their business strategy.
The Long Island BioMentor Initiative (LIBMI), brings highly qualified volunteer mentors together with motivated, early-stage bioentrepreneurs to provide actionable guidance and support as they advance their business strategy. The initiative was developed in an alliance with MIT’s successful Venture Mentor Service and employs a team mentoring approach which is guided by a statement of principles to ensure confidentiality and a conflict free environment.
The team format leverages shared expertise, provides multiple viewpoints, and builds in long-term consistency enabling entrepreneurs to make critical business decisions with as much information and foresight as possible. Mentors benefit from a shared load while getting the opportunity to interact among fellow mentors with similar passion.
The LIBMI is led by a partnership between the Center for Biotechnology and Accelerate Long Island in collaboration with Stony Brook University, Brookhaven National Laboratory, Cold Spring Harbor Laboratory, Hofstra University, and the Feinstein Institute at Northwell Health Systems with the goal of fostering an entrepreneurial ecosystem that will ultimately contribute to a vibrant bioscience cluster in the region.
The LIBMI builds upon a suite of services and resources provided by the NIH-designated Research, Evaluation, and Commercialization Hub (LI Bioscience Hub), Accelerate Long Island and the Emerging Technology Fund and the New York State Center for Advanced Technology in Medical Biotechnology.