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Application for LI tech incubator closes Monday

Peter Goldsmith, chairman of the LI Software and

Peter Goldsmith, chairman of the LI Software and Technology Network, formed the Information Technology Movement, known as Iced Tea, to help promote L.I. tech companies. (Oct. 26, 2010) (Credit: Uli Seit)

Those vying for a spot in the local start-up incubator program Long Island Tech COMETS will have until Monday to submit a business plan to be considered.

So far, more than two dozen local start-ups have submitted an application to be considered for three spots in the program, said Peter Goldsmith, the president of the Long Island Software & Technology Network, which is spearheading the COMETS program.

“People have been really eager, there are a lot of emails updating us,” Goldsmith said. “The two dozen I’m talking about are not just people who called and made comments. These are people who’re very anxious about finding out if they’re going to be one of the winners.”

A 12-member steering committee will meet after all applications are in and select up to eight finalists to come in and make presentations about their business before choosing the three winners, Goldsmith said.

COMETS -- which stands for Connected Organization Mentoring Exciting Tech Start-ups -- will provide the three start-ups selected with mentoring in all aspects of business and free office space in the LI Tech Mall in Hauppauge for six month. The program is worth over $50,000 and targeted toward software and tech companies.

At the end of the six months, all three companies will have the opportunity to pitch their business to investors in the Long Island Angel Network.

Those interested in applying can do so on litechcomets.org.

Tags: LISTnet , start-ups , incubators , technology , software

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