Category: Finance
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U.S. Agencies to Fund Green Technology Start Up Challenge
The U.S. Commerce Department, with the Departments of Agriculture and Energy, Environmental Protection Agency, and National Science Foundation, opened their $12 million i6 Green Challenge for business incubators that help green technology entrepreneurs get started. This year’s competition is the second round for the i6 Green Challenge that began last year. Commerce’s Economic Development Administration…
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Monsanto, Biofuels Company to Research Algae Agriculture
Agricultural chemicals maker Monsanto Company in St. Louis, Missouri and Sapphire Energy Inc. in San Diego, California signed a multi-year agreement to use Sapphire’s algae-based research platform for the discovery of genes applicable to agriculture. Sapphire Energy’s current work involves synthetic biology to produce replacement fuels for gasoline, diesel, and jet fuel from algae. Under…
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Laser Technology Can Cut Solar Cell Costs, Raise Efficiency
Researchers at Purdue University in West Lafayette, Indiana are developing a manufacturing technology based on fast, pulsing lasers that aims to make solar cells more affordable and efficient. The technology creates small microchannels needed to connect solar panels into an array that generates usable amounts of power. Yung Shin, engineering professor and director of Purdue’s…
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Grant Awarded for Device to Help Stroke Victims Speak
An engineering professor at Virginia Tech in Blacksburg is developing an electronic device to help bring back the voice of stroke patients and others who have suffered paralysis of the vocal folds, through electrical stimulation. National Science Foundation awarded Alexander Leonessa (right) awarded a $480,000 Faculty Early Career Development award for his research. Leonessa’s work…
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Finance Friday: 4 March 2011
Here are recent angel and venture finance transactions for science- and engineering-based companies, as reported by Xconomy and Venture Capital Reporter. Biomedical/Life Sciences Retina Implant AG in Reutlingen, Germany, a medical device company developing sub-retinal implants to help visually impaired people improve their sight, secured $18 million in its second round of equity funding from…
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Federal, Corporate Grants to Fund Manufacturing Technology
A new public-private partnership will deliver $4.5 million in grant funding to help small- and medium-sized manufacturers in the U.S. Midwest make better use of advanced digital technology. The grants include $2 million from the U.S. Economic Development Administration (EDA) and $2.5 million from private-sector, state, and institutional partners. The partners providing the $2.5 million…
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Contracts Awarded for New Flu Vaccine Technologies
The U.S. Department of Health and Human Services (HHS) awarded contracts to two companies to help make flu vaccines available quickly for seasonal outbreaks and pandemics. The contracts total $215 million from HHS’s Biomedical Advanced Research and Development Authority. HHS awarded one contract to Novavax Inc., of Rockville, Maryland, for $97 million over the first…
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EUREKA Network to Fund €33 Million in New European R&D
EUREKA, a network of research officials from 40 countries in Europe and Israel, approved a series of new R&D projects in clean technology and related fields. Meeting in Eilat, Israel, the €33 million ($45.7 million) approved by EUREKA will fund 25 projects in renewable energy, agrofood technology, biotechnology, physical sciences, IT and electronics, and industrial…
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Venture Fund to Finance Univ. Tech. Start Ups
Osage University Partners in Bala Cynwyd, Pennsylvania says it completed fund raising for its first venture capital fund financing new enterprises that license technology developed in university labs. The company says the fund, called Osage University Partners 1, achieved its goal of raising $100 million. Osage University Partners was founded in 2009 by venture professionals…
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Finance Friday: 25 February 2011
Here are recent angel and venture finance transactions for science- and engineering-based companies, as reported by Xconomy. Biomedical/Life Sciences CardioFocus in Marlborough, Massachusetts. Attrial fibrilliation devices. $13.6 million in equity financing. CalciMedica in San Diego, California. Biotech with experimental psoriasis candidate. $6 million in venture financing. Acetylon Pharmaceuticals, in Boston, Massacusetts. Drugs to treat cancer…