Category: Finance
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Diagnostics Company Lands $20 Million Investment Round
NanoString Technologies Inc., a Seattle-based privately held developer of medical science diagnostic tools, says it has closed a $20 million equity deal to finance the company’s continued growth. The series D round — the company’s fourth funding cycle after start-up — includes the first investment by GE’s healthymagination Fund. NanoString Technologies makes molecular diagnostic equipment…
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NSF Award to Help Commercialize Implanted Medication Pump
A biomedical engineering professor at University of Southern California in Los Angeles has received an Innovation Corps award from National Science Foundation to help bring to market research from her lab. The six-month $50,000 grant — one of the first group of Innovation Corps awardees announced last month by NSF — will help USC’s Ellis…
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USDA Funding Research to Aid Organic Dairy Farming
A $2.9 million grant will fund a team led by researchers at University of New Hampshire in Durham studying ways to help organic dairy farmers produce and market their milk. The four-year grant from the National Institute of Food and Agriculture, an agency of the U.S. Department of Agriculture, will also support researchers at universities…
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Canadian Corporate R&D Spending Drops for 5th Straight Year
Industry market research company Research Infosource in Toronto, Ontario says total corporate R&D spending in Canada dropped for the fifth year in a row in the 2010 fiscal year, despite an increase in revenues for these companies. The top R&D spenders among Canadian companies in 2010 were found in the information technology, engineering, and aerospace…
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NIH to Fund Diabetes/Cardiovascular Biomarker Collaboration
Researchers at Arizona State University in Tempe will lead a team funded by National Institutes of Health to discover proteins or biomarkers that help predict cardiovascular disease and to assess new treatments for people with type 2 diabetes. The $5 million, four-year project will include scientists from the Phoenix VA Health Care System, Pfizer Inc.,…
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Math Model Detects Financial Asset Bubbles
Statisticians in the U.S. and France have devised a mathematical model that they say can detect asset bubbles, such as vastly over-valued stocks, in real time. Robert Jarrow of Cornell University and risk management company Kamakura Corp. in Honolulu, Younes Kchia at Ecole Polytechnique in Paris, and Philip Protter of Columbia University published their findings…
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Q3 Venture Investments Rise in China, Decline in Europe
Venture capital (VC) investments, according to Dow Jones VentureSource, moved in opposite directions in China and Europe during the third quarter of 2011. Dow Jones VentureSource is a database of investments from 67,000 venture-backed companies in North America, Europe, Israel, China, and India. In the third quarter, investors put $1.3 billion into 89 deals for…
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U.S. Agencies Directed to Speed Science to Marketplace
President Obama today directed federal research agencies to take additional steps to transfer discoveries from their labs into the hands of businesses. The actions outlined by the White House also require agencies to develop five-year plans with goals and measures of progress. The president’s memorandum aims to cut in half the time it takes to…
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$40K Challenge Seeks High-Speed Missing Food Finder
A new challenge on InnoCentive seeks a method or process of identifying trays with missing food servings in a system where servings are delivered to trays one at a time at high speeds. The competition has a prize of $40,000 and a deadline of 2 January 2012 for submissions. InnoCentive in Waltham, Massachusetts is a…
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Gates Foundation, China to Partner on Health, Agriculture
The Bill & Melinda Gates Foundation and China’s Ministry of Science and Technology announced a partnership to support research and development and manufacturing of new products to improve global health and agriculture. Bill Gates and vice-minister Zhang Laiwu signed an agreement that they say affirms their focus on meeting the needs of developing countries and…