Category: Finance
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VC Mergers/Acquisitions Rebound, IPOs Drop in Q3 2010
The number and value of U.S. disclosed venture capital (VC) exit deals in the third quarter of 2010 showed a mixed pattern compared to the second quarter of 2010, with more mergers and acquisitions (M&As) of VC-backed properties, but somewhat fewer initial public offerings (IPOs) of company stock. Exit deals — either M&As or IPOs…
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Security Systems Developer Lands IED Detection Contract
American Science and Engineering Inc. in Billerica, Massachusetts (AS&E) says it received a multimillion dollar contract for its “Z Backscatter” system from a U.S. government agency for remote improvised explosive (IED) device detection and defeat. The company did not name the agency or the amount of the contract. The company says the system will use…
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NSF Funding Innovation Research, Collaboration, Training
National Science Foundation (NSF) has begun a new funding program, Accelerating Innovation Research, with two related activities to help accelerate the translation of new knowledge from research into products with market value. The activities aim to spur translation of fundamental research, to encourage collaboration between academia and industry, and to train students who understand innovation…
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Energy Department to Fund Nanolubricant Plant
The U.S. Department of Energy (DoE) has awarded NanoMech Inc. of Springdale, Arkansas a grant for $1 million to develop and test a pilot-scale production facility for manufacturing of NanoGlide, the company’s lubricant additives engineered at nano scale. The DoE grant is a Phase 2 Small Business Innovation Research (SBIR) award that follows an earlier…
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Small Business Grant Awarded for Oral Hygiene Drug
PolyMedix Inc., a biotechnology company in Radnor, Pennsylvania received a $986,000 Phase 2 small business grant from National Institutes of Health (NIH). The grant supports development of antimicrobial compounds for the treatment of oral candidiasis, a yeast infection affecting the lining of the mouth or tongue, through 31 August 2012. Under the first portion of…
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Grant Awarded for Natural Invasive Mussel Control
National Science Foundation awarded Marrone Bio Innovations Inc. of Davis, California $600,000 in grants for naturally-based biotechnologies to control invasive mussels. The funding includes a $500,000 Small Business Technology Transfer Program grant for the project Commercialization of an Innovative Green Technology for Controlling Zebra Mussels and a $100,000 Technology Enhancement for Commercial Partnerships grant. Marrone…
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Innovation Challenge Yields Type-1 Diabetes Ideas
A collaboration between Harvard University and innovation/crowdsourcing company InnoCentive generated nearly 200 ideas for new strategies to cure Type-1 diabetes, with the 12 winners announced yesterday by Harvard. The winners each received a $2,500 prize. The program was funded by an American Recovery and Reinvestment Act grant to Harvard Catalyst, the university’s cross-disciplinary clinical and…
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First Wave Energy Device Connected to Power Grid
Ocean Power Technologies (OPT) in Pennington, New Jersey, says it has completed the first-ever grid connection of a wave energy device in the United States at Marine Corps Base Hawaii on Oahu. The grid connection uses OPT’s PowerBuoy systems to produce what the company calls utility-grade, renewable energy that can be delivered compliant with national…
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Industry’s 2009 R&D Spending Rises at Universities
The National Science Foundation Survey of Research and Development Expenditures at Universities and Colleges reports that private companies significantly increased their percentage of R&D spending on science and engineering at American universities in the government’s 2009 fiscal year. R&D spending at universities from all sources increased to $54.9 billion from 2008 to 2009, an increase…
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U.K. Partnership to Research TB Testing Methods
A collaboration between the National Physical Laboratory (NPL), the U.K.’s national measurement institute in Teddington, England and Orla Protein Technologies, a biotech company in Newcastle upon Tyne, England has been awarded £91,000 ($US 144,000) by the U.K. Technology Strategy Board to investigate improved methods for the detection of tuberculosis (TB). The U.S. Centers for Disease…