Category: Finance
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University of Rochester Launches Commercialization Fund
University of Rochester in New York has started a new Technology Development Fund that will award grants to help scientists advance their findings closer to the stage where they can be transferred to the market. Awards from the fund will range from $40,000 to $100,000. Robert Clark, dean of Rochester’s Hajim School of Engineering and…
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Chemists Streamline Cooking Oil Conversion to Biodiesel
As the U.S. seeks to reduce its dependence on fossil fuels, the country continues to discard large quantities of waste vegetable oil — consider the quantity of oil used to cook one order of french fries, for example — that could be converted into bio-based fuels. But this process presents problems, notably the time and…
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U.S. Health Research Spending Level Flat in 2009
Spending in the U.S. on health research made gains in 2009, due mainly to the American Recovery and Reinvestment Act, but as a percentage of overall spending on health care, stayed at about the same level as 2008. These findings came in a report yesterday from an annual audit of health research spending by Research!America,…
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Venture Fund-Raising Remains Slow So Far in 2010
U.S. venture capital (VC) companies raised $9.2 billion for 103 funds during the first three quarters of 2010, according to Dow Jones LP Source, an industry database that tracks venture and private equity fund-raising. Through September 2010, that represents a slight increase from the $8.9 billion raised for 105 funds during the same period in…
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FDA, NIH Award Grant to Study Adaptive Clinical Trial Design
Researchers from academia and business aim to improve the process for testing therapies and medical devices by investigating a new type of clinical trial called adaptive clinical trials. This kind of clinical study makes adjustments to the trial using information accumulated as patients are enrolled, with the goal of improving clinical trials’ efficiency as a…
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Three Companies Win NIH Biodefense Research Contracts
The National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health, awarded three new contracts to fund research on vaccines and vaccine delivery against dengue fever and anthrax that could be used in a terror attack. Total funding for the three contracts could reach $68 million, depending on the successful…
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California Funds Solar Cogeneration, Winery Demo Project
Cogenra Solar, a developer of solar cogeneration systems in Mountain View, California, has received a $1.5 million research grant from the California Solar Initiative Research, Development, Deployment and Demonstration Program. The funding will support accelerated development and commercial deployment of Cogenra’s solar cogeneration technology, including a demonstration project at the Sonoma Wine Company in Graton,…
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NIH Awards $1.8 Million in Small Business Grants for Vaccines
Altravax Inc. in Fargo, North Dakota received two grants from National Institutes of Health (NIH) for research on vaccines for HIV-1. A third NIH grant supports the company’s work on vaccines for an influenza virus. All three grants, valued at $1.8 million, are awarded under NIH’s Small Business Innovation Research (SBIR) program. Two of the…
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GlaxoSmithKline to Back Biotech Company
Global drug maker GlaxoSmithKline (GSK), headquartered in London, says it will take an 18 percent equity stake in Convergence Pharmaceuticals Ltd., a new biotech company developing analgesic compounds, often used in over-the-counter pain relievers. Convergence Pharmaceuticals was officially launched on 4 October. The company has raised $35.4 million in Series A (early-stage) financing from a…
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Small Business Grant Awarded for Cargo X-Ray System
Accuray Incorporated, a developer of X-ray technology for robotic surgery in Sunnyvale, California, received a Small Business Innovation Research (SBIR) grant from the Department of Homeland Security to adapt the company’s high-energy X-ray technology for cargo scanning and inspection. The grant, valued at $1 million, will fund development of a compact X-ray source bundled with…