Category: Finance
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$50K Challenge Seeks Higher Nutritional Value in Crop Tissue
A challenge on InnoCentive seeks new strategies through chemical, mechanical, or other means to improve the nutritional value of crop plant tissues. The competition has a prize of $50,000 and a deadline of 13 December 2011 for submissions. InnoCentive in Waltham, Massachusetts is a company the conducts open-innovation crowd-sourcing competitions for corporate and organization sponsors.…
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NIH Awards Infectious Disease Therapy Contracts
The National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health, awarded contracts totaling $37.5 million to five companies to develop therapies for diseases caused by multiple types of bacteria or viruses. The five-year orders, with a potential total value of $150 million, cover research to extend promising drug candidates…
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Contract Awarded for Magnets Made Without Rare Earth Metals
Virginia Commonwealth University in Richmond has received a $2.9 million contract from Department of Energy to develop a new class of permanent magnets for energy-efficient electric car motors and generators. The project is funded through the department’s Rare Earth Alternatives in Critical Technologies program (REACT) under the Advanced Research Projects Agency-Energy. The REACT program aims…
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Atlanta Network to Boost Pediatric Medical Devices
The Food and Drug Administration (FDA) has awarded four Atlanta-area institutions a $1.8 million grant to encourage development of new medical devices to meet the special needs of children. Georgia Institute of Technology, Children’s Healthcare of Atlanta, Emory University and Saint Joseph’s Translational Research Institute will take part in the Atlanta Pediatric Device Consortium. Barbara…
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Google to Partner with, Finance DNA Sequencing Data Company
DNAnexus Inc., a DNA data management and analysis company in Mountain View, California, says it will collaborate with Google Inc. to provide access to its archive of publicly available DNA data. Also today, DNAnexus announced it has secured $15 million in second-round equity funding from a syndicate led by Google Ventures and life sciences venture…
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Inhaler Developed to Deliver Lung Cancer Treatments
Researchers at University of Strathclyde in Glascow, Scotland have developed an inhalation-based process to administer treatments to lung cancer patients. The method uses a nebulizer that delivers drugs in the form of a fine mist, rather than the current intravenous delivery methods. The Centers for Disease Control and Prevention report that more people in the…
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Angel Early Stage Investments Gain in First Half of 2011
Angel investments in very early stage U.S. entrepreneurial companies rose in the first half of 2011 according to a new report from the Center for Venture Research (CVR) at University of New Hampshire. Science-based enterprises, says CVR, accounted for over half of the total dollars invested by angels in that period. Angel investors are individuals…
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SBIR Grant Awarded to Rutgers Spin-Off for Biopsy Imaging
National Institutes of Health (NIH) has awarded a spin-off company from Rutgers University in New Jersey a small-business grant to develop a quick and economical analysis of tissue from breast cancer biopsies. The grant of $207,000 to Ibris Inc. of Piscataway, New Jersey, was made through through NIH’s Small Business Innovation Research (SBIR) program. Ibris…
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Survey: VCs Pulling Back from Biopharma, Devices Companies
A survey of venture capital (VC) companies investing in health care enterprises says they have shifted funding away from businesses that develop drugs and medical devices toward less regulated services and information technology firms. The survey, conducted by the National Venture Capital Association (NVCA) from July to September 2011, covers 156 of its members with…
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University of Michigan to Invest in Campus Start-Ups
University of Michigan president Mary Sue Coleman said Wednesday that the university would begin investing directly in new businesses created from research conducted on its campus. The program, called Michigan Investment in New Technology Startups (MINTS), would provide up to $25 million in early-stage capital over the next 10 years. The university says eligible start-ups…