SOURCE: Long Island Capital Alliance

Long Island Capital Alliance

October 17, 2016 09:00 ET

Long Island Capital Alliance Announces Successful Technology Capital Forum on September 16, 2016

MELVILLE, NY--(Marketwired - Oct 17, 2016) - The Long Island Capital Alliance ("LICA"), Long Island's leading non-profit capital formation and business development organization, today announced the successful completion of its Technology Capital Forum held September 16, 2016. The capital forum featured presentations by five companies which are building businesses around innovative consumer and business-to-business technologies. 
Highlights included:

  • An audience of approximately 75 attendees, which included venture capital firms, investment banks, private equity firms, and angel and high net worth investors. 
  • Many Long Island and New York City based investors along with other regional business professionals.
  • Keynote speaker Daniel B. Wolfe, Ph. D., President and CFO of Harris & Harris Group, Inc. (NASDAQ: TINY), the New York-based publicly traded Business Development Company and Venture Capital Firm. Mr. Wolfe discussed the risks and opportunities in building and financing emerging technology companies.
  • Five presenting companies, with each addressing their unique technologies and intellectual properties. 
  • A panel of industry investors reviewed each of the presenting companies and provided expert insights into the valuation and investment processes typically applied by investors to technology companies.
  • The industry investor panel was moderated by Corey Massella, partner and New York office leader of the national accounting firm of Katz, Sapper & Miller. Mr. Massella also is LICA's president and a member of its board of directors.

"Technology has been a hallmark of the Long Island economic landscape for decades and our Capital Forum showcased some of the best companies contributing to the future success of the area," said Neil Kaufman, Chairman of LICA. "At the Technology Capital Forum, we also honored Jim Mattatut for serving as part of LICA's leadership as Treasurer and a director for over 20 years. We are gratified that LICA has been able to bring together business community constituents, investors and innovative companies for over three decades, and that we are well positioned to continue to contribute to the growth of the Long Island economy."

Commenting on the Technology Capital Forum, Numaan Akram, CEO of presenting company RallyBus remarked that "We thought the event was great! It was well planned, had a great panel of investors and influencers, and was attended by interesting ‎and relevant people."

Kevin Greaney, CEO of presenting company Assessment Innovation, said, "The LICA event on technology was a useful forum to present my business to a wealth of professional investors. It also provided a great networking opportunity for Assessment Innovation to connect with potential clients. The work behind the scenes make it seamless to get my message across to the Long Island business community."

Technology Capital Forum Presenting Companies

The following companies presented their business plans:

Assessment Innovation: An intelligent mobile-powered talent assessment system that automatically screens job candidates and matches them to open jobs by harnessing the power of the smartphone and the latest findings in psychology.

ConnectandSell: Effortlessly gets B2B salespeople 10X more live conversations with qualified prospects -- every day.

DatArcs: Technology for automatically tuning servers and improving performance and energy efficiency by more than 10%.

Mobileware: Developer of applications to provide real-time commuter and location-based scheduling services.

Rally Bus: Created technology platform to serve as a marketplace to connect groups, event-goers, and commuters for crowdpowered transportation.

Technology Capital Forum Panel of Investors:

The following investment professionals participated in the investor panel at the Technology Capital Forum:

Richard Foster, President, Foster Management & Holdings, LLC: Richard Foster is a serial entrepreneur, angel investor, and professional speaker with a passion for new business development. He is Managing Director of AngelFire Ventures, an angel investment fund focused on deal syndication of some of NYC's best angel deals. Mr. Foster serves on the board and is actively involved in an executive capacity in several of his portfolio companies.

Charles Parmele IV, CLU, Principal, Parmele, McDermott & Thomas: Charles "Chip" Parmele is a limited partner in six venture capital Funds and a strategic insurance advisor. He is a Mentor to the Entrepreneurs Roundtable Accelerator (ERA), an early stage seed fund and technology accelerator. He is a charter member of the Indus Entrepreneurs, a global network of entrpreneurs and professionals established to foster entrepreneurship.

Dan Conley, Founder, Angels + LifeInfoSci Investors: Dan Conley is an active angel investor and funds emerging growth companies alongside Angels + LifeInfoSci Investors. As a leader of NJAngels.net since 1998, he coaches, advises and guides Entrepreneurial CEOs who become Angel-backable after undergoing DealScrubbing, VenturEvaluations + Due Diligence which Mr. Conley and select networked teammates help perform. 

Since 1992 Mr. Conley has coordinated Entrepreneurs University programs through EntreUniv.org, a 30-yr young nonprofit educational institute for Entrepreneurial CEOs who learn Best Practices to raise capital to become more fundable.
Mr. Conley has helped finance technology companies focused on Advanced Materials, Clean Energies, InfoTech, dot-coms, software, communications, and original equipment and process manufacturing for many industry-leading CEOs.

Save the Dates - Additional Upcoming Events from LICA:

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.

For more information on LICA and its next events, please contact LICA today or register online at www.licapital.org

Contact Information

  • Contact:
    Jordan Darrow
    Darrow Associates, Inc.
    631-766-4528
    Email Contact