Category: Finance
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Challenge Seeks Commercialization of Breast Cancer Advances
A new challenge sponsored by the Avon Foundation for Women, with National Cancer Institute and Center for Advancing Innovation, aims to accelerate commercialization of unlicensed research discoveries related to breast cancer. In the Breast Cancer Start-up Challenge, Avon Foundation will award $250,000 to teams starting new companies that combine lab discoveries with solid business plans…
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Biotech Financing Up, Licensing Down in First Half of 2013
The biotechnology industry experienced healthy growth in venture financing and valuations in the first half of 2013, but licensing deals — a prime source of biotech revenue — were flat during the period, pointing to limits on the industry’s growth potential. This accounting of biotech industry financial activity is described in a report from Evaluate…
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NIST Funding $7.4M for Additive Manufacturing Standards
National Institute of Standards and Technology (NIST), an agency of U.S. Department of Commerce, is awarding two grants totaling $7.4 million to improve measurement and standards for additive manufacturing, industrial applications of three-dimensional printing. Most of the money — $5 million — is going to a consortium of 27 organization headed by the National Additive Manufacturing…
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Lab-On-Chip Diagnostics Company Lands $2.1M Angel Financing
ChipCare Corp., a spin-off company from University of Toronto in Canada developing hand-held diagnostics devices to replace fixed expensive lab equipment, secured $2.05 million in early stage angel financing. The deal combines investments from university, private-sector, and Canadian government sources, according to an announcement by Grand Challenges Canada, a government-financed organization supporting medical innovations in…
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Stanford University Adds Funds for Start-Up Accelerator
Stanford University and its hospital system, with the business accelerator program StartX, unveiled a three-year, $3.6 million fund to support early-stage enterprises started by Stanford-affiliated entrepreneurs. StartX is a training and mentoring program for founders of new companies with a connection to Stanford including students, faculty, postdocs, and alumni. StartX, a not-for-profit organization, connects new…
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Biopharm Raises $45.9M in Venture Funding for Ear Disorders
Otonomy Inc., a biopharmaceutical company in San Diego specializing in middle and inner-ear disorders, collected $45.9 million in its third venture financing round. OrbiMed Advisors, a venture capital company specializing in health care investments, led the round with new investors Aperture Venture Partners and Osage University Partners taking part, along with current investors Avalon Ventures,…
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NIH Funding Micro-Sutures for Stem Cell Heart Muscle Repair
Researchers at Worcester Polytechnic Institute in Massachusetts and University of Washington in Seattle are collaborating on development of tiny bio-compatible polymer threads that help stem cells repair damaged heart muscle. The work of Worcester Tech biomedical engineers Glenn Gaudette and George Pins, with Washington pathology professor Michael Laflamme is funded by a five-year $1.94 million…
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XPrize Cancels $10 Million Genomics Challenge
The XPrize Foundation in Los Angeles cancelled a $10 million challenge to bring down the cost of genomic sequencing, saying the advance of technology has overtaken the purpose of the competition. Foundation chair and CEO Peter Diamandis announced the cancellation on Thursday in a Huffington Post article and on the challenge’s Web page. The Archon…
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Fuel Cells for Refrigerated Trucks Under Development
A project combining the efforts of Pacific Northwest National Laboratory (PNNL) in Richland, Washington with two fuel cell manufacturers is developing fuel cells to power the refrigeration units in refigerated trucks. The companies — Nuvera Fuel Cells in Billerica,, Massachusetts and Plug Power Inc. in Latham, New York — each received a $650,000 matching contract…
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Simpler Internal Organ, Duct Imaging Sought in Challenge
A new challenge on InnoCentive is looking for simpler tools or methods for imaging or conducting treatments in small ducts connected to the liver, gall bladder, or pancreas. The competition has a a prize purse of $25,000 and a deadline of 13 October 2013 for submissions (free registration required). InnoCentive in Waltham, Massachusetts conducts open-innovation,…