The New York Academy of Sciences launches a new investment network. The Life Science Angel Network (LSAN)
is designed to connect scientists and entrepreneurs with funding to support innovations in biotechnology, medical devices, and healthcare IT.
The Academy’s partners in the program include the main city’s academic institutions and the New York City Economic Development Corporation. Founding sponsors of the network include Ascent Biomedical Ventures, CBIZ MHM, LLC, Meditech Strategic Consultants, and Wilson Sonsini Goodrich & Rosati.
Partners include the New York City Economic Development Corporation, the Downtown Alliance, NYU Ventures, Columbia Technology Ventures, Cornell Center for Technology, Enterprise and Commercialization, NYC Investment Fund, Office of Technology and Business Development at Mount Sinai Medical Center, Office of Industrial Liaison at Sloan Kettering, and Hospital for Special Surgery.
The network will provide capital through individual member contributions and sponsorships from organizations involved in supporting innovation and building companies.
Business plans submitted to the network will be screened by a multi-disciplinary expert panel of clinicians, scientists, entrepreneurs and investment professionals.