LICA and NYIT to Educate Local Entrepreneurs How to Raise Capital and Improve Cash Flow.

January 09, 2017 10:32 AM | Carol Lane (Administrator)

Melville, NY – January 9, 2017 – The Long Island Capital Alliance (“LICA”), Long Island’s leading non-profit capital formation and business development organization, is holding the third session in the Entrepreneur Educational & Mentoring Series, which is intended to provide professional guidance, mentoring and assistance to the next generation of business leaders and employers on Long Island. LICA is presenting the series in collaboration with New York Institute of Technology (“NYIT”).

The event will be held on January 12, 2017 from 5:30-8:00 pm at NYIT’s Entrepreneurship & Innovation Technology Center and is open to the public for registration. The topics are

¥ “The Best Financing Alternative for Startups” presented by Mark Elenowitz, CEO of BANQ, a division of TriPoint Global Equities, a leading small cap broker-dealer that has raised capital for many emerging businesses; and

 

¥ “Maximizing Cash Flow through Sound Accounting Systems” presented by Michael DeStefano, CPA, CVA, Partner, Ferrera, DeStefano & Caporusso Certified Public Accountants, P.C.

 “Enhancing Cash Flow through sound accounting practices is critical to the survival and growth of all emerging businesses. The financing alternatives available to them are key to their growth prospects. At this event, local entrepreneurs can learn how to maximize both of these vital elements of their business’s success” said Neil M. Kaufman, Chairman of LICA.  “We are very happy to be collaborating in this effort with NYIT, a leading local academic institution, which shares our vision for promoting regional economic development through this Entrepreneur Educational & Mentoring Series,” continued Neil M. Kaufman.

 “This collaboration is a natural extension of our mission to foster innovation and expand industry-academic partnerships by leveraging NYIT’s Entrepreneurship and Innovation Technology Center (ETIC), and we are excited to be working with the phenomenal experts at LICA to bring the benefit of that to the business community” said Nada Marie Anid, Ph.D., dean of the university’s School of Engineering and Computing Sciences. “The ETIC aims to spur economic growth and ensure greater competitiveness for Long Island by encouraging small businesses to work with our bright students and expert faculty in areas of great opportunity, including cybersecurity, bioengineering, and clean technologies, among others, and this event is a big step in that direction.”

The next session in the Entrepreneur Educational & Mentoring Series will be held on April 6, 2017 and cover “Designing A Business Plan for Success” and “The Key to Successful Communications & Marketing”. Attendees may register for all events at www.licapital.org.

About Long Island Capital Alliance

Since 1984, the Long Island Capital Alliance (www.licapital.org), formerly known as Long Island Venture Group, has been promoting business growth on Long Island. LICA seeks to create a productive and business-friendly environment that will afford area businesses access to the resources necessary to compete successfully in today's markets. LICA serves as a focal point for the exchange of ideas among new and existing business enterprises, successful entrepreneurs, investors, and service providers. Through quarterly capital forums and special meetings, LICA brings together members of the region's business community, and has been recognized as the place to turn to when small businesses need equity, debt, or other financing, or for investors to find an attractive investment opportunity.

LICA's mission is to encourage economic development on Long Island by facilitating capital formation for a broad range of companies in various industries, from early stage to mature, middle market, closely held and publicly-traded businesses. LICA accomplishes this primarily through education, networking, quarterly capital forums, periodic special educational meetings, and alliances with other regional organizations. LICA brings together members of the region's business community and serves as the finance arm for significant local business and organizations.

About New York Institute of Technology

New York Institute of Technology (NYIT) offers 90 degree programs, including undergraduate, graduate, and professional degrees, in more than 50 fields of study, including architecture and design; arts and sciences; education; engineering and computing sciences; health professions; management; and osteopathic medicine. A non-profit independent, private institution of higher education, NYIT has 12,000 students attending campuses on Long Island and Manhattan, online, and at its global campuses.

Led by President Edward Guiliano, NYIT is guided by its mission to provide career-oriented professional education, offer access to opportunity to all qualified students, and support applications-oriented research that benefits the larger world. To date, nearly 100,000 graduates have received degrees from NYIT. For more information, visit nyit.edu.

Next LICA Capital Forum

LICA is hosting a Technology Capital Forum on Friday, March 10, 2017 from 8:00 a.m. to 11:00 a.m. at 68 South Service Road, Melville, NY, 11747. The capital forum will provide an opportunity to meet capital providers, entrepreneurs, industry executives and businesses seeking capital, as well as to hear a panel of industry experts discuss financing alternatives for emerging companies.


Platinum Sponsors
   Carter DeLuca Farrell Schmidt, LLP    

      
Gold Sponsors
            
Sponsors
   Executive Strategies Group LLC

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