PHILLIPS LYTLE LLP PARTNER-IN-CHARGE RICHARD E. HONEN by kqm17746

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									FOR IMMEDIATE RELEASE:                                             Contact:
October 24, 2007                                                   Rebecca E. Farbo
                                                                   Phillips Lytle LLP
                                                                   716-847-8307


        PHILLIPS LYTLE LLP PARTNER-IN-CHARGE RICHARD E. HONEN
  APPOINTED TO THE INNOVATION COMMITTEE OF THE BUSINESS COUNCIL OF
                          NEW YORK STATE, INC.

ALBANY, NY – Richard E. Honen, Partner-In-Charge of the Albany office of Phillips Lytle, a
full service law firm with statewide coverage, has been appointed to serve on the Innovation
Committee for the Business Council of New York State, Inc. The Business Council’s
Committee on Innovation, which was established earlier this year is focused on creating
more high-wage and high-tech jobs from investments in the both public and private
universities, industry research, and development collaborations.


The new committee agreed to organize its work around the “three pillars of innovation”
identified by the National Innovation Initiative, a consortium of business and academic
leaders. The three pillars are talent, including such issues as education standards, the
number of science and math graduates and the use of problem-based learning; investment;
and infrastructure such as data systems.


At Phillips Lytle, Mr. Honen focuses his practice in technology transfer, corporate and
venture capital law and commercial litigation. Rich is also a founding member of the Tech
Valley Angels Network. Based on his knowledge and experience in the field of technology
transfer, Mr. Honen was also recently asked to participate in a round table discussion on
nanotechnology commercialization at the inititiative of US Department of Commerce Under
Secretary of Technology Robert Cresant. The panel consisted of industry and academic
authorities and was held at The Center for Biotechnology and Interdisciplinary Studies at
RPI.


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Last week, Mr. Honen moderated the opening panel at an International Business Forum
conference on Technology Transfer and Early Stage Investing held at the Boston University
School of Management. The session was entitled "Latest Initiatives On How & Why Venture
Capitalists Are Funding University & Research Spin Outs." Mr. Honen moderated a panel of
first-tier venture capitalists and university technology transfer professionals from leading
research universities.


Phillips Lytle is a full-service law firm with seven offices across New York State in Albany,
Buffalo, Chautauqua, Garden City, New York City and Rochester. With the farthest
geographic reach of any law firm in the state of New York, they are well equipped to meet
the needs of their clients.


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