Last year, Long Island companies snagged more than $45 million in venture capital. This year, experts expect incremental improvement but are hopeful that perhaps Long Island can build on that momentum.

“What we saw in 2011 was actually encouraging,” says David Silverman, managing partner of PricewaterhouseCoopers’ NY-metro emerging-company practice in Melville and Manhattan. “Every quarter had at least one investment, and in the last two quarters we saw some larger deals in excess of $15 million.”

Source: Newsday