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| | | The Innovation Review is the New York State Science & Technology Law Center’s monthly newsletter. It brings information on legal, business, and technology related news, resources, and events across New York State. | | | | | |
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| | | | News From The Center This month the Innovation Law Center profiled Brian Gerling, L’99. Gerling is currently an adjunct professor at SUCOL working with students that have an interest in Intellectual Property and Technology Law. Gerling reflects on his time at Syracuse University and touches on his more recent experiences and projects with the Innovation Law Center. To read more about the discussion, visit here. | | | | | |
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| | | | Regeneron Receives FDA Emergency Use Approval for Drug Cocktail New York State pharmaceutical company Regeneron is the first to receive FDA emergency use authorization for a combination therapy to treat recently diagnosed, mild to moderate COVID-19 in high-risk patients. The Regeneron press release indicates that it is the first treatment of any kind to have prospectively confirmed a statistically significant anti-viral activity against the virus. President Trump recently promoted the experimental treatment as a “cure” for Covid-19 after he had been treated with the drug cocktail.
Regeneron President and Chief Scientific Officer George D. Yancopoulos, M.D., Ph.D., reported: “Data from approximately 800 non-hospitalized patients showed significant reductions in virus levels within days of receiving the combination, which were associated with significantly fewer medical visits”. The casirivimab and imdevimab cocktail is for high risk patients, and will be distributed through the federal government.
The FDA grants Emergency Use Authorization to medicines that may help diagnose, treat or prevent a life-threatening disease when adequate and approved alternatives are not available. | | | | New Benchmark USPTO Study Finds Artificial Intelligence in the U.S. Patents Rose By More Than 100% Since 2002 The United States Patent and Trademark Office (USPTO) recently released a report discussing AI patent applications received and how the number has more than doubled from 2002 to 2018. Accompanying the 100% increase of AI-related patent applications was unprecedented growth and broad diffusion of AI across technologies, inventor-patentees, organizations, and geography that attest to the growing importance of AI for all of those seeking intellectual property protection. To learn more about the report, click here. To read the full report online, click here.
| | | | WIPO Expands its Suite of Online Service for Innovators with New Patent Information Tool The World Intellectual Property Organization (WIPO) has expanded its suite of online services with an online platform providing free access to comprehensive, unbiased, and structure reports on many patent databases. WIPO INSPIRE (Index of Specialized Patent Information Reports) will help a range of stakeholders in searching the myriad of patent databases around the world. To learn more about the database, click here. | | | | The Choices Behind Business Entities When people move from vetting a business idea to founding a business entity, one of the decisions to make is the type of business entity to form. Common options are corporations, partnerships, and LLC’s. Sohela Suri, a senior research associate at the Innovation Law Center, provides an overview of some of the factors to consider when making a choice, and resources available to help decide. To read the article, click here. | | | | National U of Singapore Start-Up Advances 60-Second Breathalyzer Test for COVID-19 A start-up from the National University of Singapore is developing a breathalyzer test that could detect COVID-19 in 60 seconds. The Breathonix test uses mass spectrometry to analyze the thousands of volatile organic compounds in a person’s breath, establishing a specific signal among those with an active coronavirus. To learn more about this recent development, click here. | | | | | |
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| | | | Governor Cuomo Updates New Yorkers on State’s Progress During COVID-19 Pandemic Governor Andrew M. Cuomo recently updated New Yorkers on the state’s progress during the ongoing COVID-19 pandemic. Governor Cuomo said that the next few weeks will be challenging as the holidays arrive. Included in the update are the full results for tests reported most recently. To read more about the Governor’s latest updates, click here. | | | | | |
| | | | Governor Cuomo Announces Eight Additional New York Companies to Start Producing COVID-19 Related Equipment and Supplies to Support In-State Needs. Governor Andrew M. Cuomo recently announced that eight additional Empire State companies have received support from New York to produce needed supplies to help combat the COVID-19 pandemic. Governor Cuomo reiterated that while New York currently has some of the lowest transmission rates in the United States, preparing for a second wave is vital to protecting essential healthcare workers in the public. To read more about the announcement, click here. To read the full press release, click here. | | | | Governor Cuomo Announces $10 Million New York Climate Progress to Support Technologies That Lower Carbon Emissions Governor Andrew M. Cuomo recently announced the $10 million New York Climate Progress Program to bolster the state’s clean energy economy. The Program will provide capital investments to support startups that create low-carbon goods and services, allowing them to continue to scale decarbonization products in market. This announcement supports Governor Cuomo’s nation-leading climate and clean energy agenda, including the mandate for an 85 percent reduction in greenhouse gas emissions by 2050, as outlined in the Climate Leadership and Community Protection Act. To read more about this initiative, click here. | | | | | |
| | | Funding and Incubation Opportunities | | | | | | | |
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| | | | FuzeHub / Manufacturing Reimagined Grants FuzeHub is offering grants of up to $10,000 each to support projects in which a New York State manufacturer participates in one of FuzeHub’s “Manufacturing Reimagined” workshops[CRS1] or webinars and receives technical assistance from a NYSTAR Innovation Asset. Assets are the 70+ university-based or not-for-profit centers supported by Empire State Development’s Division of Science, Technology & Innovation (NYSTAR). They provide a broad range of capabilities and expertise in manufacturing competitiveness and emerging technologies. A list of potential partners is available by working with FuzeHub staff to help manufacturers identify the best-fit resource for their specific needs. | | | | 2021 CNYBAC Medical Device Innovation Challenge CNYBAC will select up to 5 MDIC US-based teams who receive intensive mentorship by quality, regulatory, CEO and other experts throughout the 6-month program. Teams may elect to participate virtually or receive free work space on-site within the CNYBAC Creation Garage with access to our Stratasys F170 3D Printer and shared equipment. The deadline to apply is April 30, 2020. For more information, click here. To apply, click here. | | | | New York Forward Loan Fund New York Forward Loan Fund (NYFLF) is a new economic recovery loan program aimed at supporting New York State small businesses, nonprofits and small landlords as they reopen after the COVID-19 outbreak and NYS on PAUSE. NYFLF is providing working capital loans so that small businesses, and nonprofits have access to credit as they reopen. To learn more about the funding, click here or visit here. To fill out a pre-application and match with a participating lender, click here. | | | | | |
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| | | | Save The Date: NYS Innovation Summit Save the date for the upcoming New York State Innovation Summit on November 8 – 9, 2021. The event, which is hosted by FuzeHub and part of the NYSTAR annual meeting, is aimed at New York State startups, developers, manufacturers and businesses looking to showcase and discover new and emerging technologies that support innovation and drive business growth. The Summit will celebrate the state’s leadership in technology-fronted economic growth and feature expert speakers in biotechnology, energy information, artificial intelligence and many other industries. Registration for the event will begin in spring 2021. To learn more about the New York State Innovation Summit, click here. | | | | Save The Date: Upstate Unleashed Conference Save the date for the upcoming Unleashed 2020 through Upstate Venture Connect. The event will provide 1:1 video calls with the speakers and influencers. The featured speakers will be Brad Feld, Alicia Dicks, Martin Babinec, Adam Maher, Jeff Mize, Rodney Sampson, Jeremy and John Zogby. There will be jobs and other opportunities that are posted in the virtual booths. In addition, you will receive a free copy of Brad Feld’s new book, The Startup Community Way. To learn more about this event and registration, click here. To view sponsorship options, click here. | | | | MedTech Connect Events Visit the MedTech Events page here to learn about upcoming New York manufacturing industry networking opportunities and events. | | | | FuzeHub Events Visit the FuzeHub Events page here to learn about upcoming New York manufacturing industry networking opportunities and events! | | | | Upstate Venture Connect Events Visit the Upstate Venture Connect calendar here to learn about upcoming Upstate New York networking and entrepreneurial events! | | | | | |
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