Category: Finance
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Venture Companies Partner With Texas Technology Start-Up Center
Ten venture capital companies are taking part in a program to increase access to funding for start-up companies in the North Texas Enterprise Center (NTEC) in Frisco, near Dallas, Texas. NTEC is a not-for-profit business accelerator, providing services and support to medical technology and clean technology start-up companies. One of the purposes of the program…
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Energy Department Helps Fund Six CO2 Capture Pilot Projects
The U.S. Department of Energy (DoE) will help fund six projects that aim to convert captured carbon dioxide (CO2) emissions from industrial sources into useful products such as fuel, plastics, cement, and fertilizers. DoE will contribute $106 million in American Recovery and Reinvestment Act funds, combined with $156 million in private cost sharing. The projects…
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Canada Awards Grants to Solar Energy and Genomics Companies
National Research Council of Canada, through its Industrial Research Assistance Program, awarded grants to Boreal Genomics Inc. of Vancouver, British Columbia, and Day4 Energy Inc. of Burnaby, British Columbia. The grants, totaling $CAD769,000, were awarded to support research and development projects that build high-tech solutions for global markets. Day4 Energy received $496,000 to develop a…
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Financing Deals: 22 July 2010
AxioMed Spine Corporation, a spinal orthopedics company developing products to restore spinal function in patients with degenerative spine disease, announced today that it has raised $14.5 million in two tranches from both current and new investors, not identified by the company. The funding will provide AxioMed with the ability to complete a study in the…
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NIH Seeking Small Business Proposals for HazMat Training
The National Institute of Environmental Health Sciences (NIEHS) wants ideas from small businesses for using advanced technology to train HazMat workers and emergency responders to better protect themselves and their communities from hazardous materials. NIEHS, part of National Institutes of Health, has issued a funding announcement seeking applications under the Small Business Innovation Research program.…
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Research Funding Boosted in Europe, Targets Small Business
The European Commission (EC) announced today nearly €6.4 billion of investment in research and innovation. The funding, its largest to date, covers a vast range of scientific disciplines and commercial sectors, with a special emphasis on smaller businesses. The EC says this funding will increase European competitiveness and address critical policy issues, with some €800…
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Drug Discovery Company Cutting 30% of Staff
Adolor Corporation, a drug discovery and development company in Exton, Pennsylvania will reduce its staff by 30 percent to meet an expected cash flow reduction over the next two years. The company specializes in pharmaceuticals for pain management. In its press release, Adolor says sales of its flagship product Entereg, developed for upper and lower…
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Science Sectors Help Power 2Q Jump in Venture Financing
Venture capitalists invested $6.5 billion in 906 deals in the second quarter of 2010, with both numbers representing sizeable gains over the first quarter of the year. And in the second quarter, science-based industries were among the leaders in attracting venture capital (VC). PricewaterhouseCoopers LLP and the National Venture Capital Association provide these findings in…
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Academic-Business Partnership Proposals Sought by NSF
National Science Foundation (NSF) wants innovative ideas on energy, sustainability, and the education of next generation entrepreneurs from small business and academic institutions, and is prepared to pay $7 million for those ideas. This NSF program, called Partnerships for Innovation, aims to produce academic scientists better able to adapt their findings to practical applications and…
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Biotech Company Wins NIH Biodefense Grants
MacroGenics Inc, a biotechnology company in Rockville, Maryland, today announced that the National Institutes of Health (NIH) has awarded the company three new grants representing total funding of $9.8 million. MacroGenics develops therapeutics to treat autoimmune disorders, cancer and infectious diseases. The company says the NIH grants will advance its Dual-Affinity Re-Targeting (DART) platform, as…