WESTCHESTER COUNTY, N.Y. -- The future of healthcare is being shaped at New York Medical College in Valhalla. Led by Chancellor Dr. Edward Halperin and interim executive director Randi Schwartz, BioInc@NYMC is transforming medical research by working with the brightest minds to produce better health for everyone.
Halperin, the Chancellor at NYMC since 2012, will accept an award from at Westchester County Association’s Annual Fall Leadership Dinner at the Westchester Marriott Hotel on Thursday, Nov. 19. BioInc@NYMC and NYMC will be one of four recipients of the WCA’s Leadership Award.
BioInc@NYMC opened last October and is the Hudson Valley’s only biotechnology incubator, offering shared resources, wet lab space and sponsored professional services to promising entrepreneurs and start-ups.
- What : Westchester County Association's Fall Leadership Dinner
- When : Thursday, Nov. 19
- Where : Westchester Marriott Hotel, Tarrytown
- Information : www.westchester.org
BioInc@NYMC also assists members in refining business strategies, conserving capital, building strong teams and achieving development and funding milestones.
Halperin worked at Duke University and University of Louisville before coming to NYMC. He said the decline in budgets for medical research and pressure to turn profits in education are among the top concerns in the healthcare climate.
“Budgets have been declining in real value and inflation dollars,’’ Halperin said. “When less money flows to the next generation, then we generate less knowledge. We won’t make the future better if we don’t come up with new education because we failed to do research. People who could have lived far longer do not because we’re not doing enough research.”
BioInc@NYMC is helping to solve the research shortage.
Four LLC, a nutrition, health and fitness consumer product company, joined BioInc@NYMC in April. It is the newest business among the four at the Valhalla campus.
The company was founded in 2013 to research, create and market nutrition products based on life science patents. Four LLC’s products aim to curb food cravings, and it expects to launch its first product in early 2016.
The other three businesses at BioInc@NYMC are Conversion Energy Enterprises, a corporation that develops laser prototypes for medical applications; MB Group USA, a supplier of products derived from rare fruits for health purposes; and MOE Medical Devices LLC, a maker of cold electrical plasma therapeutics.
BioInc@NYMC’s proximity to New York City allows it to provide start-ups with affordable space and access to resources, core facilities and collaboration with scientists and clinicians. It opened in October 2014 and is a public-private enterprise, combining resources from the federal government, New York State, Westchester County and NYMC. It is the only incubator of its kind in the region that is directly co-located with a health science’s university campus.
“Both in health care and education, we believe firmly as a country and institution, we have the possibility of being the best in the world,’’ Halperin said last year at the grand opening of BioInc@NYMC. “The goal is to use the unique partnerships we’re developing here to help catalyze success economically and practically, to improve the lives of people in Westchester and the towns around here, and through scientific advances around the world.”
Click here for more information about the WCA Leadership Dinner.