Tag: investment
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Intel to Build New Oregon Plant, Upgrade U.S. Manufacturing
Intel Corporation said today it will invest between $6 to $8 billion on new manufacturing technology in its American facilities. The plan includes a new fabrication plant — called a “fab” in the industry — in Oregon. As part of the plan, Intel will deploy a new 22-nanometer (nm) manufacturing process in several of its…
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Venture Funding Down for Science Startups in Q3 2010
Venture capital (VC) funding in the U.S. for new companies overall, including science-based enterprises, dropped in the third quarter of 2010, according to a new MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital Association based on data provided by Thomson Reuters. Overall, VC companies invested $4.8 billion in 780 deals in the third quarter…
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R&D Spending Creates 11,000+ Jobs in Indiana Since 1999
An analysis of Indiana’s 21st Century Research and Technology Fund estimates the fund created more than 11,000 jobs since it began in 1999, sparking $427 million in economic activity in the state. Ball State University’s Center for Business and Economic Research in Muncie, Indiana conducted the study. The Indiana General Assembly created the fund in…
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Fewer Venture Funds Raise More Capital in Q3 2010
Thomson Reuters, a business news and database publisher, and the National Venture Capital Association report today that U.S. venture capital (VC) companies raised nearly $3 billion in the third quarter of 2010, up from $2.1 billion in the second quarter of the year. However, the number of VC companies raising funds in the third quarter…
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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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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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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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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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New York Life Sciences Landing More Venture, Government Funds
The New York Biotechnology Association (NYBA) in Stony Brook said today that in the first half of 2010, universities, companies and research organizations in New York State received $336.6 million in private and government investment. NYBA based its report on results from the quarterly PricewaterhouseCoopers Money Tree Report and data from the National Institutes of…
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Kauffman Awards $500K Grant for More Women-Owned Startups
The Ewing Marion Kauffman Foundation in Kansas City, Missouri announced today a $500,000 grant to Astia, a business accelerator in San Francisco, California that works with women-led startups, to encourage the formation of more high-growth entrepreneurial companies owned by women. The organizations note that data show women start more than 50 percent of all businesses,…