Category: Finance
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DARPA Awards $8 Million Synthetic Biology Contract
The Department of Defense Advanced Research Projects Agency (DARPA) has awarded an $8 million contract to Amyris Inc. of California for tools to expand the scope of Amyris’s industrial synthetic biology technology across various biological platforms and cell types. DARPA awarded the contract under its Living Foundries research program. With the Living Foundries program, DARPA…
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Biomarker Diagnostics Company Gains $40M in Venture Funding
Astute Medical Inc. in San Diego, a developer of biomarker-based medical diagnostics, says it completed $40.4 million in series C venture financing, the third cycle of funding after initial start-up. The funding round was led by MPM Capital and included new investor Kaiser Permanente Ventures, as well as existing investors De Novo Ventures, Delphi Ventures,…
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Grant to Fund Research on Earthquakes, Building Design
Engineers at University of California in Los Angeles (UCLA) and UC-Berkeley will study the impact of building construction practices, particularly the design and performance of structural walls, on resisting earthquake damage. The team led by UCLA civil and environmental engineering professor John Wallace is funded by a $1 million grant from the National Science Foundation’s…
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Universities Awarded Clean Coal Research Grants
The U.S. Department of Energy says 10 universities will receive grants for research on the development of clean coal technologies. Each grant of about $300,000 will be supplemented with additional funds from the schools, for a total research budget of $3.1 million. The grants are expected to support research on high-pressure corrosion-resistant alloys, protective coatings,…
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IVF Assessment Company Lands $18M in Venture Capital
Auxogyn Inc., in Menlo Park, California, a developer of viability tests of embryos during in vitro fertilization (IVF) procedures, has raised $18 million in series B venture funds, the second round of financing after initial start-up. The financing was led by new investor SR One — the corporate venture capital arm of GlaxoSmithKline — and…
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EPA/NIH Challenge Seeks Air Pollution, Physiology Sensor
Two federal agencies will award a total of $160,000 for sensors that can map air pollution concentrations, but also provide the physiological responses to those pollutants. The U.S. Environmental Protection Agency and National Institute of Environmental Health Sciences (NIEHS), part of National Institutes of Health, are sponsoring the My Air, My Health Challenge with InnoCentive,…
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Grant to Fund Drug Reformulation for HIV Therapy
A $1.1 million grant from the National Research Council of Canada will fund research and development at University of British Columbia and iCo Therapeutics Inc. in Vancouver, B.C. to reformulate an existing drug into a therapy to fight HIV infection. The company iCo Therapeutics specializes in redosing or reformulating current drugs into new or expanded…
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Solar Developer Secures $70 Million in Venture Financing
Nanosolar Inc. in San Jose, California says it has raised $70 million in new capital for further research and development and to expand production. This later-stage investment round includes current and new investors OnPoint Technologies, Inc., Mohr Davidow Ventures, Ohana Holdings LLC, and Family Offices. In February, the company secured $20 million in venture financing…
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MIT, Intel Corp. to Collaborate on Big Data Research
Massachusetts Institute of Technology will host a new Intel Corporation research center that studies techniques for organizing and making sense of the huge amounts of information generated by Web users and networked sensors. Intel selected MIT from 157 proposals submitted by 55 institutions. The challenge of big data, as this field is often called, has…
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Medical Device Company Lands $30M for Clinical Trials
Kona Medical Inc., a medical device developer in Bellevue, Washington, has secured $30 million in series C venture funds, the third financing cycle after initial start-up. The round was led by an undisclosed large-cap medical technology company, and joined by existing investors Essex Woodlands, Domain Associates, Morgenthaler Ventures, and BioStar Ventures. Kona Medical, founded in…