Category: Finance
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Small Business Grant Awarded for Blood Vessel Drug Database
HemoShear LLC, a biotechnology company in Charlottesville, Virginia has been awarded a Phase 2 Small Business Innovation Research (SBIR) grant award from National Institutes of Health (NIH). The grant of up to $4.3 million will fund profiles of the effects of 50 known drugs on the human blood vessel system. The database will help predict…
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Cambridge U.K. Spin-Off Gains $9.5 Million in Early Funding
Mission Therapeutics, a research spin-off company from Cambridge University in the U.K., has raised £6 million ($US 9.5 million) in Series A funding from a European venture capital syndicate. Series A investments represent the first round of significant funds raised after an enterprise’s initial launch. The company specializes in the discovery and development of drugs…
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Consortium Awarded Grant for Bioweapon Defense
A collaboration of universities, private company, and national lab have received a $2.4 million grant from National Institutes of Health to develop tools that detect and protect against biological weapon attacks. The grant, from NIH’s Partnerships for Biodefense Program, will fund work by Lawrence Livermore National Laboratory in California, University of Texas Medical Branch, University…
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Monitors to Prevent Elderly Falls Before They Happen
Grants from the National Science Foundation’s Smart Health and Wellbeing Program are funding development of a sensor-based system to detect the risks of falls by frail elderly people. One of the grants, to Virginia Tech in Blacksburg, will involve collaboration between the school’s engineering and gerontology departments; a smaller grant will fund similar engineering work…
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Roche to Build Canadian Pharmaceutical Development Center
Roche Canada, a division of the global drug company based in Switzerland, says it will build a new pharmaceutical development center at its current site in Mississauga, Ontario near Toronto. The new center, says Roche, involves an investment of $190 million over the next five years, and will add 200 skilled staff. The new center…
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NSF, Energy Dept to Fund Power Grid Research Center
National Science Foundation and Department of Energy awarded a grant to the University of Tennessee, Knoxville, and its partners to establish a new Engineering Research Center for research and education on the nation’s electrical grid infrastructure. The two agencies will invest $18.5 million in the research center over five years. The facility, known as the…
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Grants Awarded to Fund Research on Health Records, Genomics
The National Human Genome Research Institute (NHGRI), part of National Institutes of Health, will fund research on patients’ genomic information linked to disease characteristics and symptoms in their electronic medical records. NHGRI will award grants totaling $25 million over the next four years to seven institutions in the Electronic Medical Records and Genomics (eMERGE) network.…
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Two-Legged Robot Developed with Running Ability
Engineers at University of Michigan in Ann Arbor have developed a bipedal robot with the ability to run as well as walk. MABEL, as the robot is called, is funded by the National Science Foundation and Defense Advanced Research Projects Agency. MABEL was first developed in 2008 as a collaboration between Michigan’s Jessy Grizzle, a…
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Clinical Trial to Test Stroke Treatment for Diabetics
The University of Virginia Health System in Charlottesville has received a $25 million grant to lead a national clinical trial investigating a new treatment that could benefit ischemic stroke patients. The National Institutes of Neurological Diseases and Stroke, part of National Institutes of Health, is funding the study. Ischemic stroke occurs when a blood vessel…
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USDA, Energy Fund Research to Accelerate Biofuel Crops
The U.S. Departments of Energy and Agriculture have awarded 10 grants totaling $12.2 million for up to three years for research on improving the efficiency and cost-effectiveness of growing biofuel and bioenergy crops. Energy’s Office of Science will provide $10.2 million in funding for eight projects, while USDA’s National Institute of Food and Agriculture (NIFA)…