Category: Finance
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Awards to Honor Postdoc Entrepreneurs
The Ewing Marion Kauffman Foundation and the National Postdoctoral Association (NPA) have opened the call for nominations for the 2011 Kauffman Foundation Outstanding Postdoctoral Entrepreneur and Emerging Postdoctoral Entrepreneur awards, which recognize exceptional postdocs working to commercialize research. The deadline for nominations for both awards is 27 September 2010, and the deadline for submission of…
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Energy Dept. Scales Back FutureGen CO2 Capture Project
The St. Louis Business Journal reports today that the U.S. Department of Energy (DoE) has backed away from its original plan to build a new carbon sequestration facility in southern Illinois, choosing instead to retrofit an existing power plant in the same region. The new design, funded by a $1 billion Recovery Act grant, is…
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Granholm Offers Michigan as Template for Clean Energy Economy
Probably no U.S. state has suffered more from the collapse of American manufacturing in the first decade of the 21st century than Michigan. But that state’s governor now offers Michigan’s experience as a model for rebuilding the country’s economy with clean energy as its core. Governor Jennifer Granholm — in a talk that was equal…
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Clean Tech Venture Capital Hits $1.5 Billion in 2nd Quarter
Venture capital (VC) investment in U.S. clean technology (cleantech) companies in the second quarter of 2010 hit $1.5 billion in 68 financing rounds, according to an Ernst & Young analysis based on data from Dow Jones VentureSource. Automotive, solar, and alternative fuel companies attracted the most investment dollars. Ernst & Young says this was the…
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University-Business Partners Get Grant for Energy Project
MTECH Laboratories in Ballston Spa, New York has received a Small Business Innovation Research grant from National Science Foundation to demonstrate the feasibility of its energy distribution system for large buildings. The grant funds joint research and development on power distribution with the nearby College of Nanoscale Science and Engineering of the University at Albany,…
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New X Prize Challenge for Ocean Oil Cleanup
The X Prize Foundation unveiled today a $1.4 million challenge competition to inspire scientists, engineers, and entrepreneurs to develop innovative new methods for cleaning up ocean oil spills. Teams taking part are encouraged to submit ideas for cleaning up spills or leaks from ships or tankers, land drainage, waste disposal, or oil platforms, the best-known…
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Chile Seeking International Start-Ups
The Chilean Economic Development Agency has launched a new program to help entrepreneurs and early-stage companies with innovative and high-growth business plans quickly launch and run their businesses in Chile. The program, Start-Up Chile (InnovaChile), offers entrepreneurs entry and logistical assistance, funding, and a support network to aid in the successful launch of their operations.…
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Packaging, Insulation Produced from Agricultural Byproducts
Ecovative Design of Green Island, New York, is producing a new packaging material (pictured left) made from inedible agricultural waste and mushroom roots. The company is also developing a process for sterilizing this material based on spice oils rather than steam. The technology to create this composite, marketed under the name Eco-Cradle, requires one-eighth the…
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Financing Tips from Angel and VC Investors
The FundingPost.com Angel Investor and Early-Stage VC Event in Washington, DC today drew a full house of 125+ entrepreneurs and investors to the K Street law offices of Bingham McCutchen. Participants heard elevator pitches from 15 entrepreneurs, ranging from a day-spa that features exotic destination themes, to a genetics lab seeking funds for a joint…
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Midwest Health Care Venture Funding Flat in 2010
Venture capital (VC) funding for health care start-up businesses in the U.S. Midwest rose slightly in the first half of 2010, compared to the first half of 2009, according to a report by BioEnterprise, a Cleveland, Ohio organization supporting health care entrepreneurs. In the first half of 2010, VC companies invested $412 million in health…