Category: Finance
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Consortium Funds Semiconductor Research in Emirates
Semiconductor Research Corporation (SRC), a university-research consortium in Durham, North Carolina, announced seven research contracts will be awarded to four universities in the United Arab Emirates (UAE). The new contracts continue the joint effort between SRC and the Advanced Technology Investment Company (ATIC) in the UAE begun last year on semiconductor sciences and technologies. The…
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Biotech Developing Anti-Cancer Drugs Gets $15M Investment
Tensha Therapeutics in Cambridge, Massachusetts says it has received $15 million in early stage financing to advance treatments for cancer by regulating the transcription of disease-associated genes. The series A investment — the first round of funding after a company’s initial seed capital — is provided by HealthCare Ventures, life science venture capital firm, also…
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Student Engineers/Entrepreneurs Develop Child Safety Device
Two engineering students at Michigan Technological University in Houghton are taking to market a device they built to keep children from unbuckling their seat belts. Collin Veele and Alex Cotton say they have secured a provisional patent and trademark, and now their Buckle Blocker is ready for the marketplace. The Buckle Blocker, which would typically…
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University, Company Partner on Contraband Nuclear Detector
Researchers at University of New Hampshire in Durham and Michigan Aerospace Corporation in Ann Arbor have received a contract from the U.S. Defense Threat Reduction Agency to build an instrument to accurately detect illicit radioactive materials from a safe distance. The one-year contract of $303,000 calls for a realistic field test of the device in…
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$100K Challenge Seeks Responsive Insulin Delivery
A new challenge at InnoCentive seeks new ideas for the development of “glucose-responsive insulin” that would respond to the needs of the individual rather than deliver fixed dosage amounts. The competition has a prize of $100,000 and requires a written proposal. The deadline for entries is 9 November 2011. InnoCentive in Waltham, Massachusetts is a…
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Ohio Medical Imaging Center Awarded Research Funds
The Philips Healthcare Global Advanced Imaging Innovation Center, a collaboration of Philips Healthcare and Case Western Reserve University hospitals and medical center in Cleveland, has received $2.6 million in two grants from the Ohio Third Frontier Commission. The Philips Healthcare imaging center conducts clinical research, development, and commercialization of medical imaging technologies. The larger ($1.6…
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Pfizer to Build Research Labs in Cambridge, Mass.
Pfizer Inc., the global pharmaceutical company based in New York, says it will build a new research facility in Cambridge, Massachusetts. The company expects the facility will employ a staff of 400, most in research or related positions. The new building will be located in Kendall Square, just north of the MIT campus. Pfizer says…
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NSF, Industry Consortium Fund Advanced Chip Research
Virginia Commonwealth University in Richmond has received two grants totaling $1.75 million from National Science Foundation and the Semiconductor Research Corporation to create more energy-efficient computing devices. Semiconductor Research Corporation is an international technology research consortium of member companies and university research programs. The grants fund research to translate theoretical work on replacing traditional transistor-based…
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Eight Teams Funded for Research on Gulf Oil Spill Impact
The Gulf of Mexico Research Initiative (GRI) announced it will fund eight research groups to investigate the effects of the 2010 BP Deepwater Horizon oil spill in the Gulf of Mexico. The grant awards, selected by GRI’s research board, total some $112.5 million over three years. The GRI grants, supported by BP, will fund research…
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Small Business Grant Funds University Biodiesel Start-Up
NextCAT Inc., a Wayne State University start-up company in Detroit, has received a Phase 2 Small Business Innovation Research (SBIR) award from the National Science Foundation (NSF) of nearly $500,000. The company commercializes catalysts for the production of biodiesel developed at the National Biofuels Energy Laboratory at Wayne State. NextCAT plans to bring to market…