Tag: investment
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Intel Invests in Four U.S. Technology Companies
Intel Capital, the investment arm of Intel Corporation in Santa Clara, California, today revealed four investments totaling more than $30 million to growing technology companies in the U.S. The four companies represent the clean technology, cloud computing, and semiconductor manufacturing sectors. – Adaptive Computing in Provo, Utah provides intelligent automation software for high- performance computing,…
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Chinese Patents, R&D Funds Climb in 2010
The Xinhua news agency reports that the number of patents and research and development funding by China’s largest companies have climbed so far in 2010, according to data released by the China Enterprise Confederation (CEC). The CEC says China’s top 500 companies held 169,000 patents in 2010, up 13.3 percent from last year. Some 41…
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Mass. Start-Up Funding Drops 57% in July
Early-stage companies based in Massachusetts attracted investments worth some $131.4 million in July 2010, a drop of 57 percent compared to the $307 million raised in June. The number of equity deals also dropped, from 31 in June to 26 in July. The Web site Xconomy reported these findings today based on data from the…
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HHS Review Highlights Role of Business in Medical Countermeasures
The Department of Health and Human Services (HHS) today released a report on the federal government’s system to produce medications, vaccines, equipment, and supplies needed to meet a health emergency. The report — Public Health Emergency Medical Countermeasure Enterprise Review: Transforming the Enterprise to Meet Long Range National Needs — reviews the process and makes…
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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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Financing Deals: 14 July 2010
Pacific Biosciences in Menlo Park, California, a developer of molecular biology technology, announced completion of a new round of financing worth $109 million. This round includes a previously announced $50 million investment by Gen-Probe Inc., a maker of molecular diagnostic products and services. Hugh Martin, Pacific Biosciences’s chairman and CEO says the funding will be…
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Financing Deals: 12 July 2010
Accuri Cytometers in Ann Arbor, Michigan completed a $6 million financing deal involving sale of preferred stock to a group of investors including Arboretum Ventures, Baird Venture Partners, Fidelity Biosciences, Flagship Ventures and the InvestMichigan! Program co-managed by Credit Suisse. The company plans to use the financing to expand its C6 brand cytometer into the…
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Financing deals, 8 July 2010
Calithera Biosciences in South San Francisco, California today announced completion of a Series A financing totaling $40 million. Series A financing involves early sale of stock to external investors, after initial seed capital. Morgenthaler Ventures led the financing with U.S. Venture Partners, Advanced Technology Ventures, Delphi Ventures and Mission Bay Capital taking part. Calithera Biosciences…
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Financing deals: 7 July 2010
Oragenics, Inc. in Tampa, Florida entered into a common stock purchase agreement with the Koski Family Limited Partnership (KFLP), the company’s largest shareholder. In the deal, Oragenics will sell KFLP 5 million shares of its common stock at $0.40 a share. KFLP will also cancel and exchange for equity a previous $1 million note it…