Originally published: September 26, 2011 7:34 PM
Updated: September 27, 2011 9:46 AM

Long Island’s struggling efforts to produce businesses and jobs from the high-level research institutions in Nassau and Suffolk counties got a boost Monday with an announcement that two local venture capital firms have committed $500,000 in hopes of creating more than a dozen companies over the next two to three years.

The announcement was made before more than 100 people at the Cradle of…Read more