Category: Finance
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Challenge Seeks Answers for Recycling Cathode Ray Tubes
A new challenge on InnoCentive seeks proposals for recycling the lead in glass found in old cathode ray tubes (CRTs) into new products. The competition, sponsored by Consumer Electronics Association and Institute of Scrap Recycling Industries, has a prize of $10,000 and a deadline of 1 July 2013. InnoCentive in Waltham, Massachusetts conducts open-innovation, crowd-sourcing…
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Trial to Test Immunotherapy with Children’s Solid Tumors
Researchers at hospitals and universities in Philadelphia and Salt Lake City will test T-cell immunotherapy strategies in children with neuroblastoma, a solid tumor cancer that occurs in children. The $550,000 grant from the ACT FAST (Adoptive Cell Therapy For Adolescent/pediatric Solid Tumors) initiative funding the trial is provided by three foundations: Solving Kids’ Cancer, the…
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Lab-On-Chip Maker Lands $9.2M in Early Round Venture Funds
Hurel Corporation, a developer of preclinical testing devices in New Brunswick, New Jersey, raised $9.2 million in its first round of venture fund raising after initial start-up. The round was organized by Spring Mountain Capital, a private equity investment management company in New York. No other participants in the round were disclosed. Hurel Corp. designs…
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NSF Funding Organic Crystals Research for Electronics
A physics professor at Wake Forest University in Winston-Salem, North Carolina received a $400,000 National Science Foundation grant for research on the physical structure and electronic properties of organic semiconductor crystals. The five-year award to Wake Forest’s Oana Jurchescu was made under NSF’s Faculty Early Career Development (CAREER) program. Organic semiconductors are hydrocarbon substances like…
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Third Rock Closes $516M Health Care Venture Fund
Third Rock Ventures in Boston and San Francisco raised $516 million for its Fund III to invest in new health care enterprises. Wth the fund, the company plans to support up to 16 health and medicine start-ups. Third Rock aims to finance new companies offering products or services in health care with high potential impact.…
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ARPA-E to Fund Vehicle Metals, Bio Gas Conversion Research
The Advanced Research Projects Agency – Energy (ARPA-E) in the U.S. Department of Energy is making $40 million available for two new research programs involving transportation. Half of the $40 million will go for research to make lighter metals in cars and trucks more feasible, while the remaining $20 million will support biological conversion of…
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Investment Fund to Support Canadian Quantum Technologies
Quantum Valley Investments, a new venture fund in Waterloo, Ontario, plans to invest $100 million to develop and commercialize quantum computing technologies in its region. The fund, started by Blackberry co-founders Michael Lazaridis and Doug Fregin, aims to make stimulate development of Waterloo and vicinity into a Quantum Valley technology hub, similar to Silicon Valley…
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University Developing Wearable Artificial Lung Device
Biomedical engineers at University of Pittsburgh are developing a portable artificial lung for patients awaiting a transplant, yet still retain their mobility. The project headed by William Federspiel, director of the university’s medical device lab, is funded by a $3.4 million grant from National Institutes of Health. The device will serve as a bridge for…
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Grant to Fund Glucose-Sensitive Insulin Development
Case Western Reserve University’s medical school in Cleveland received a grant of almost $1 million for research to develop a fast-acting form of insulin that can respond to an individual’s glucose levels. The three-year grant from the Leona M. and Harry B. Helmsley Charitable Trust will fund the work of medical professor Michael Weiss, who…
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New Grant Funds Academic Tech Transfer Services
The Wallace H. Coulter Foundation in Miami awarded a $750,000 grant to the Association of University Technology Managers (AUTM) to help the association upgrade its business development services for academic scientists. AUTM announced the award on Tuesday at its annual meeting in San Antonio. AUTM represents technology transfer specialists at some 300 universities in the…