New Start Ups Get Boost

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Nassau County Executive Edward P. Mangano announced plans to assist Long Island-based startups and early-stage companies in pitching their technology products to leading angel investors in the style of the hit show, Shark Tank on ABC.  The event, Pitch Island, is hosted by the Nassau County Tech Task Team (T3), co-chaired by Peter Goldsmith of LISTnet and Andrew Hazen of LaunchPad Long Island.  Pitch Island, the latest Technology Island initiative, will be held at the Adelphi University’s Performing Arts Center on April 30th from 2 p.m. to 4:30 p.m.

 

County Executive Mangano stated, “Pitch Island provides local tech startups with an effective way to meet private investors that are willing to provide seed money to help entrepreneurs get their businesses off the ground.  While most small business owners find angel investors through word of mouth, Pitch Island provides a more creative way to meet to private investors.”

 

Angel investors are estimated to provide 90 percent of all seed and start-up capital, compared to the venture capital community, which invest less than 2 percent in start-ups and instead focus on a smaller pool of later-stage companies.

 

“Pitch Island is a MUST ATTEND event for parents and children. Our next generation of entrepreneurs and STEM-focused students will be inspired, motivated and driven by the Long Island-based startups pitching for capital,” added Andrew S. Hazen, Founder & CEO of LaunchPad and co-chair of the Tech Task Team.

 

Peter Goldsmith, Chairman of LISTnet, also added “The Tech Task Team is working with Nassau County Executive Ed Mangano to have Long Island recognized as ‘Technology Island’, by hosting events such as the Technology Island Job Fair, Long Island Tech Day and now Pitch Island.  It’s important that everyone realize that Long Island has all the essentials to support and grow technology companies, and that there are plenty of high paying jobs for our graduates and for people now working off Long Island and commuting.  LI is truly ‘Technology Island’ and with the support of T3 it can become even bigger and better known.”

 

Seats are limited for Pitch Island.  For more information, including tickets, please visit www.pitchisland.com

 

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Elizabeth Johnson is former editor of Manhasset Press and Manhasset Press Magazine. Growing up in nearby Garden City and attending New York University, she is well-versed in the locale and knowledgeable about the beat she covers. Her community involvement is extensive and includes the Manhasset SCA, Kiwanis International, Manhasset Chamber of Commerce, St. Mary’s Church, and various civic and local charitable organizations. Curious by nature, her travels, community service, love of the arts as well as local sports give her the inside view to unique content. During her time at Anton, she has received several awards from the New York Press Association and the Press Club of LI, including the coveted "Best Community Newspaper" several years in a row.

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