(A. Kotok)
The New York Academy of Sciences plans to kick off the Life Science Angel Network (LSAN) at the academy’s lower Manhattan headquarters on Thursday 18 November. The new investment network is expected to connect scientists and entrepreneurs with funding to support commercialization of discoveries in biotechnology, medical devices, and health care informatics.
The academy says LSAN fills a gap between New York and vicinity technology transfer offices, entrepreneurs, and venture capitalists by providing capital through individual member contributions and sponsorships from organizations involved in supporting innovation and building companies.
Business plans submitted to LSAN will be screened by a panel of clinicians, scientists, entrepreneurs and investment professionals. Selected candidates will then present their funding pitches to the entire membership. Investments in the companies will remain at the discretion of individual members.
Founding sponsors and partners of LSAN include angel and venture capital companies, university technology transfer and commercialization operations, and the New York City Economic Development Corporation.
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