Calone of Jove Equity appointed to Accelerate Long Island Board, to serve as board member

The Accelerate Long Island Board recently appointed David Calone to serve as a board member. Calone is the CEO of Jove Equity Partners LLC, a venture capital firm based in Suffolk County, that invests in and helps build technology companies in the internet, software, digital media, energy, real estate, transportation and health care industries. Since 2008, Calone has served as chairman of the Suffolk County Planning Commission and he is also on the board of directors of the Long Island Angel Network. Calone is a co-founder of the $750,000 Long Island Emerging Technologies Fund. "David Calone is a great addition to the Accelerate Long Island Board and brings valuable entrepreneurial and investment expertise to the table. I look forward to working with Mr. Calone to create an innovation-based economy on Long Island," said Mark Lesko, executive director of Accelerate Long Island. "While I have been involved in start-up ecosystem building in other parts of the country, I have always believed that Long Island has great untapped entrepreneurial assets. I am honored to be a part of Accelerate Long Island's critical efforts to unlock that potential and to harness the knowledge created here on Long Island to launch companies that will grow Long Island's innovation economy. I look forward to working with chairman Kevin Law, executive director Mark Lesko, assistant executive director Stacey Sikes and the entire board on this endeavor," said Calone. "I welcome David Calone to the Accelerate Long Island Board. His entrepreneurial background will be an asset to Accelerate Long Island." said Law. "He will add to the strong Accelerate Long Island Board, which includes the leaders of Long Island's world-class research institutions, the private sector and venture capitalists," Law said. Accelerate Long Island was created in 2011 to foster the development of an innovation-based economy on Long Island. Long Island's world class academic and research institutions have approximately $1.2 billion in annual research funding. It is the goal of Accelerate Long Island to commercialize that research into start-up companies in three industry clusters: Information Technology, Biotech/life sciences, and Energy.