Category: Finance
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EU Grant Funds Research on Programmable Chemical Systems
The European Union’s Seventh Framework Programme is funding a project to build autonomous self-assembling electronic microreagents that can exchange chemical and electronic information. Biochemistry professor John McCaskill at Ruhr University Bochum in Germany (pictured left) with colleagues at Bochum and teams from Europe, Israel, and New Zealand, will take part in the three-year, €3.4 million…
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Health Care Technology Accelerator Boosts Seed Funding
Rock Health, an organization that provides seed funding, training, and mentoring for start-up companies in health care technology, says its next class of companies will each receive a $100,000 investment. The funds for these start-ups are being provided by the Mayo clinic and three venture capital firms: Aberdare Ventures, Kleiner Perkins Caufield and Byers, and…
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Researchers Designing New Drug for Chronic Pain
An interdisciplinary team from University of Liverpool and the Royal Liverpool University Hospital in the U.K. started research to design a new drug for the treatment of chronic pain. The £1.4 million ($US 2.22 million) grant for the project was awarded by the Medical Research Council, a supporter of medical research in the U.K., backed…
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Kauffman Helping Stanford Student Accelerator Go National
The Ewing Marion Kauffman Foundation in Kansas City is providing an $800,000 grant to StartX, an accelerator for student start-up businesses on the Stanford University campus in Palo Alto, California. The grant will help StartX scale up its operations to expand across the U.S. StartX is a not-for-profit organization for entrepreneurs affiliated with Stanford University.…
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University to Research 3-D Self-Assembly Processes
Engineers at North Carolina State University in Raleigh received a grant to develop materials that fold themselves into three-dimensional objects when exposed to light. National Science Foundation awarded the four-year, $1.76 million grant to Jan Genzer (pictured right), a chemical engineering professor at NC State. Genzer says he is assembling a team of “designers, engineers,…
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Energy Dept to Fund Minnesota Chemistry Computation Centers
University of Minnesota’s chemistry department received two grants from the U.S. Department of Energy for research on software and computational methods on materials from nanotechnology and systems for transporting solar energy. The two five-year grants total $13.1 million, and will be shared by other universities and national labs. The Nanoporous Materials Genome Center, headed by…
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Oregon State Opens Wave Energy Test Facility
Oregon State University began operations this week of one of the first public wave energy testing systems in the U.S. The Ocean Sentinel, as the system is called, is a $1.5 million mooring platform located two miles off Yaquina Head on the central Oregon coast, and available to academic and industry researchers working in wave…
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Medical Device Company Gets $20M in Venture Financing
Ornim Inc., a developer of blood oxygen and blood flow monitors in Lod, Israel, secured $20 million in series B venture funding, the second financing cycle after initial start-up. The round was led by life sciences investment firm OrbiMed, with participants including the GE healthymagination Fund and Agate Medical Investments LP. Ornim develops monitors focusing…
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European Businesses Expect 4 Percent Annual R&D Growth
A survey of executives from larger companies in Europe shows the executives anticipate spending four percent more per year on research and development in the years 2012 to 2014. The report is based on responses from 187 executives conducted in January through April 2012 in companies that spent €56 billion, which makes up about 40…
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Medical Monitor Device Start-Up Raises $7M in Venture Funds
Retia Medical, a medical device company in East Lansing, Michigan, raised $7 million in series A funds, the first round of financing after initial start-up. The Pritzker/Vlock family office, a private equity company investing in biotech, industrial and medical equipment, and technology businesses led the round. Retia Medical develops monitors for high-risk patients, starting with…