Category: Finance
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University, Company to Collaborate on Cancer Imaging
Queen’s University in Belfast, Northern Ireland, U.K., is partnering with start-up company Cirdan Imaging Ltd., also in Northern Ireleand, to develop new imaging tools for the detection and treatment of cancer. As part of the deal, QUBIS Ltd., the university’s technology transfer subsidiary, will take an equity stake in Cirdan Imaging. The agreement involves research…
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VC Funding Cut for U.S. Firms, Science Companies Take Hit
Venture capital investments in U.S.-based companies are down for the second quarter of 2012, with software and Internet companies favored over enterprises based on scientific discoveries. According to Dow Jones VentureSource, a financial industry research service, companies in the U.S. raised $8.1 billion in 863 deals during the second quarter of 2012, a nine percent…
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New Study to Examine Next Generation Mobile Networks
Researchers at Polytechnic Institute of New York University (NYU-Poly) in Brooklyn received federal, state, and business funding for a study of new wireless technologies that can define the next generation of mobile devices. Funders of the project include the National Science Foundation, Empire State Development Division of Science, Technology and Innovation (NYSTAR), and industry supporters…
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Chronic Pain Technology Company Gains $3.5M Series B Funds
Neuros Medical Inc., a company in Cleveland developing a university-discovered electronic pain relief technology, says it raised $3.5 million in series B venture funds, the second round of financing after start-up. Boston Scientific and Glengary LLC led the round, with new investors RiverVest Venture Partners, LLC, Blue Tree Allied Angels, and ModelVest joining current investors…
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Grant to Fund On-Board Systems Extending Electric Car Range
University of California in Riverside has received a one-year $95,000 grant from the California Energy Commission to develop algorithms that find the route requiring the least amount of energy for an electric car’s trip. The research will be done by the Center for Environmental Research and Technology, part of the university’s Bourns College of Engineering.…
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Report: Business Research Funding Decline Impacts Innovation
A new report from the National Science Board, the governing body of the National Science Foundation, says declines in business R&D investment over the past decade, particularly during the recession of 2008-2009, are taking a toll on American innovation. The report, Research & Development, Innovation, and the Science and Engineering Workforce, also notes that reductions…
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Grant to Fund New Drought-Resistant Biofuel Grasses
The Donald Danforth Plant Science Center in St. Louis has received a $12.1 million grant from the U.S. Department of Energy to develop a more drought-resistant type of grass that can be processed into biofuels. The five-year award will be shared by collaborators at Carnegie Institution for Science, University of Illinois in Urbana-Champaign, University of…
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Challenge Seeks Algorithm to Predict ALS Progression
A new challenge competition seeks mathematical tools to predict the progression of amyotrophic lateral sclerosis (ALS) or Lou Gehrig’s disease based on the patient’s current disease status. The competition, handled through the open innovation company InnoCentive, has a prize of $25,000 and a deadline of 15 October 2012. ALS, which affects 5 out of every…
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Air Force Grant to Fund Research on Nanomaterials Shaping
Funding from the U.S. Air Force is supporting multi-disciplinary research on the ability of nanomaterials to change their shape in response to external stimuli, such as heat and light. The $2.9 million grant from the Air Force Office of Scientific Research will support a project that touches on chemistry, biology, computer science, and engineering, led…
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Janssen to Fund Research/Modeling for Multiple Sclerosis
Janssen Research and Development, a subsidiary of Johnson & Johnson in Titusville, New Jersey, will sponsor a research and systems modeling project to uncover the genetic and biologic causes of multiple sclerosis. The $5.4 million initiative will be part of Janssen’s Healthy Minds initiative, a program launched in 2011 to accelerate progress on neurologic and…