Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
LI sees $2 million in venture capital funding in first quarter
Long Island received $2 million in venture capital investments in the first quarter of 2013, roughly equal to the amount invested in the region in the same period in 2012, according to the MoneyTree Report compiled by the National Venture Capital Association and PricewaterhouseCoopers.
The $2 million in funding went to the Albertson-based software company, ServiceChannel, Inc.
There...
Read more »LI developer wins $25G for technology to combat robocalls
Photo credit: Handout
A Port Jefferson-based developer is one of two winners of a Federal Trade Commission-sponsored contest to develop technology to combat the often annoying robocall.
Aaron Foss will receive $25,000 for his idea, which he has dubbed Nomorobo. He is sharing the total prize money of $50,000 -- as well as first place -- with another developer Serdar Danis, whose idea was also praised.
Nomorobo...
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