Category: Finance
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Contracts Awarded for Advanced Battery Technologies
Five companies received technology development and assessment contracts today from the United States Advanced Battery Consortium (USABC), a research collaboration of automakers Chrysler Group LLC, Ford Motor Company, and General Motors Company. The awards, totaling $5.43 million, are funded by the U.S. Department of Energy and include a 50 percent cost-share from each of the…
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Energy Department Funding New Fuel Cell R&D
The U.S. Department of Energy announced new grant programs totaling $74 million for research and development of fuel cells for residential and commercial buildings as well as vehicles. Fuel cells use the chemical energy of hydrogen or other fuels to produce electricity or heat with minimal byproducts, primarily water. The grants include up to $65…
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NFL Grant Funds Bioengineered Spinal Disc Research
Researchers from Cornell University in Ithaca, New York and Weill Cornell Medical College in New York City have received a $100,000 grant from NFL Charities to research tissue engineering for spinal injuries. NFL Charities is the charitable foundation of the National Football League owners. The research aims to create a living, bioengineered intervertebral disc (IVD)…
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Investor Company to Offer Cancer Therapy Development Funding
Mentor Capital Inc. in San Diego, California plans to extend its funding beyond cancer immunotherapy — its current specialty — to other leading cancer solutions. Its objective is to provide investments that fill the gap for therapies between initial lab development and their acquisition by major pharmaceutical companies. This middle stage is often called “The…
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VCs Expect More Deals in 2011, but Not for Science
A survey of U.S. venture capital (VC) investors shows expectations of more investments for entrepreneurs in 2011 across all company stages from initial seed funding to later stage rounds. More VCs expect investments to increase in technology-related companies, however, rather than those based on scientific discoveries. The survey of 330 VC investors was conducted in…
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Taiwan Chip Maker to Raise R&D Nearly 40%
The Taipei Times reports today that Taiwan Semiconductor Manufacturing Company (TSMC) in Hsinchu, Taiwan plans to raise its research and development spending by 39 percent next year to NT$50 billion (US$1.63 billion), due to more aggressive competition in TSMC’s market. TSMC is the world’s largest contract chip manufacturer. At present, the company does not directly…
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Fund Established to Develop Cancer Vaccines
Cancer Research Institute (CRI) a not-for-profit organization in New York to advance the science of tumor immunology and discover new cancer therapies, launched today the Cancer Vaccine Acceleration Fund (CVAF), a new model of philanthropic investment and academic-industry collaboration. CRI established the fund with the Ludwig Institute for Cancer Research to encourage development of therapeutic…
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Biotech Gets DARPA Grant for Respiratory Therapies
Pulmatrix, a biotechnology company in Lexington, Massachusetts, said today it received a grant for $5.7 million from the Defense Advanced Research Projects Agency (DARPA) in the Department of Defense, to further develop the company’s processes for the treatment and prevention of respiratory infections. DARPA identified Pulmatrix’s inhaled cationic airway lining modulators (iCALM) technology as a…
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Journal Highlights African Health Innovations
A supplement to the open-access journal BMC International Health and Human Rights devotes its entire issue to health innovations in sub-Saharan Africa, which offers case studies of local initiatives. The papers, relating the experiences of projects by institutes and companies in Ghana, Kenya, Madagascar, Nigeria, Rwanda, South Africa, Tanzania, and Uganda provide lessons from successful…
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Univ. Researchers Develop New Blast-Resistant Glass
A team of engineers from the University of Missouri in Columbia and the University of Sydney in Australia is developing a blast-resistant glass that is lighter, thinner, and colorless, yet tough enough to withstand the force of an explosion, earthquake, or hurricanes winds. Their research is funded by a grant from the U.S. Department of…