Tag: entrepreneurs
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Commercial Space Launch Site Slated for New Zealand
2 July 2015. Rocket Lab Ltd, a company aiming to make orbital space launches frequent and less costly, says it plans to build a launch site in New Zealand, with completion scheduled by the end of 2015. The company says test flights will begin soon after completing construction of the site, with commercial operations planned…
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Environmental Sensor Developer Reveals Collaborations
30 June 2015. Aclima Inc., a designer of environmental monitoring sensors and networks, unveiled today collaborations with Google Inc., U.S. Environmental Protection Agency, and Lawrence Berkeley National Lab, among others. The San Francisco company, operating with little publicity for long as 5 years, did not disclose financial details from any of these partnerships. Aclima Inc.…
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Smartphone Eye Exam Company Raises $6M in Venture Funds
24 June 2015. Smart Vision Labs Inc., a two-year-old company developing vision exam technology that works on smartphones, raised $6.1 million in its first venture funding round. Financing for the New York City enterprise was led by Techstars Ventures, with contributions from Heritage Group, Connectivity Capital, and Red Sea Ventures. The company’s technology aims to…
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Allied-Bristol Licenses Chinese Root Extract Technology
22 June 2015. A joint venture of drug maker Bristol-Myers Squibb and science commercialization company Allied Minds is licensing research at Harvard University on the actions of a Chinese root extract with therapeutic potential against fibrosis, inflammation, and autoimmune disorders. Financial aspects of the agreement between Harvard and Allied-Bristol Life Sciences were not disclosed. The…
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Anti-Infection Compound Devised for Dental, Wound Care
18 June 2015. A new formulation of a common antibacterial agent can protect against infections for weeks or months at a time, according to its developers at University of Bristol in the U.K. The team led by Bristol dental materials scientist Michele Barbour is developing Pertinax, an extended antimicrobial compound, and receiving this year’s £25,000…
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Intel Begins $125M Diversity Investment Fund
10 June 2015. The venture capital division of semiconductor manufacturer Intel unveiled a fund to invest in technology start-ups founded by women and under-represented minorities. Intel Capital announced as well the first four investments from its Capital Diversity Fund, which expects to distribute some $125 million over the next 5 years. Intel cited data showing…
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Grant Funds Exosome Cancer Research, Optioned to Spin-Off
9 June 2015. A new $1.7 million grant from National Cancer Institute is funding research at University of New Mexico on harnessing exosomes as potential cancer therapies, with a spin-off company already optioning the technology for commercial development. The alliance between the university and spin-off company, Exovita Biosciences, includes an agreement between the university and…
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Biotech Adds Antibiotic Program, Raises $30 Million
8 June 2015. Spero Therapeutics, a developer of antibiotics, is adding a new class of anti-infection drugs to its pipeline, and raised another $30 million to its first venture funding round. The Cambridge, Massachusetts biotechnology company, a spin-off from Massachusetts General Hospital in Boston, was founded in April 2014 to develop therapies addressing the growing…
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Life Sciences Commercialization Firm to Crowdfund IPO
4 June 2015. Innovation Economy Corporation is going public by skipping the usual route of hiring an investment bank, and instead will use crowdfunding to attract investors to its initial public offering of stock. The Riverside, California enterprise, that goes by the trade name ieCrowd, licenses life science and health-related technologies from university research labs…
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Trial Shows Immunotherapy Reduces Rheumatoid Arthritis
4 June 2015. A clinical trial of an immune system therapy shows one treatment reduces levels of harmful immune activity and joint inflammation in people with rheumatoid arthritis. The early-stage trial led by researchers at University of Queensland in Brisbane, Australia is reported yesterday in the journal Science Translational Medicine. Rheumatoid arthritis is an autoimmune disease, where…