Category: Finance
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Drug Discovery Company Lands $25M in Private, State Funding
Omeros Corporation, a Seattle, Washington biopharmaceutical company focused on inflammation and disorders of the central nervous system, says it has received $20 million from Vulcan Capital and a grant award for $5 million from Washington State’s Life Sciences Discovery Fund (LSDF) to finance the company’s G protein-coupled receptor program. G-protein-coupled receptors (GPCRs) are a large…
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NSF Grant Funds Research on Drought-Resistant Crops
University of Maryland in College Park has received a $5 million grant from National Science Foundation to lead a multi-institutional research partnership to help develop crop plants able to withstand drought conditions. The project will focus on guard cells in the canola plant (Brassica napus) — pictured right. Canola is an important oilseed crop grown…
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Venture Investing Down in Q3, Up for Year-to-Date
In the third quarter of 2010, venture capital (VC) investors put $5.5 billion into 662 deals for U.S.-based companies, down 5 percent in dollars invested but a 2 percent increase in deals from the same period last year, according to Dow Jones VentureSource. Science-based companies were among those experiencing a downturn in VC investments. For…
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DoD Awards Contract for Bioweapon Therapies
Morphotek Inc., a developer of protein and antibody products in Exton, Pennsylvania, said it received a $2.5 million contract from the U.S. Department of Defense (DoD) to fund further development of the company’s monoclonal antibody therapies against disease-causing staphylococcal strains and toxins. In February 2008, Morphotek received funding to support initial development of these therapies.…
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Small Business Admin Awards Science-Tech Support Grants
The U.S. Small Business Administration (SBA) has awarded $100,000 grants to 20 state and local economic development agencies, business development centers, and colleges and universities, under its Federal and State Technology (FAST) partnership program. SBA says the FAST Program is designed to stimulate economic development among small, high technology businesses through federally-funded innovation and research…
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Belgian Nanotech Company To Open Taiwan R&D Center
Interuniversity Microelectronics Centre (Imec), a company conducting research in nanotechnology in Leuven, Belgium said it concluded an agreement with Taiwan’s Ministry of Economic Affairs to open the Imec Taiwan Innovation Centre (ITIC). The ministry announced it will co-fund the facility with Imec. ITIC is expected to expedite applied research projects with industry and academia to…
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NSF: Companies Investing in R&D Made More Innovations
Preliminary data from the National Science Foundation’s 2008 Business R&D and Innovation Survey (BRDIS) show large differences in making innovations when companies in the U.S. with R&D activity are compared to those without any R&D activity. These data are based on respondents to the survey and represent an estimated 1.5 million for-profit companies, publicly or…
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Agriproducts Manufacturer Plans R&D Expansion
Kemin Industries in Des Moines, Iowa said the company plans in the next five years to add six new manufacturing facilities, three new research facilities, and a new corporate headquarters building in Des Moines. The company develops nutritional ingredients for foods, animal feeds, and pharmaceuticals based largely on its own research. The $30 million expansion…
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Small Business Grants to Develop Personalized Cancer Tests
20/20 GeneSystems Inc. in Rockville, Maryland said today that the company has received nearly $3 million in two grants from the National Cancer Institute (NCI) to develop tests for helping oncologists predict the effectiveness of targeted cancer therapies. The grants were awarded under NCI’s Small Business Innovative Research (SBIR) Program. 20/20 says more than 20…
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MIT Innovation Center Awards Emerging Technology Grants
The Deshpande Center for Technological Innovation at MIT in Cambridge, Massachusetts today announced grants totaling $800,000 to 10 MIT research teams working on early-stage technologies. The Deshpande Center aims to act as a catalyst for innovation and entrepreneurship with grants that fund proof-of-concept explorations of emerging technologies. The 10 selected projects cover technologies including materials,…