Tag: entrepreneurs
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Agriculture Biotech Secures $14.5M in Early-Stage Financing
AgBiome LLC, an agricultural biotechnology company in Durham, North Carolina, gained $14.5 million in series A venture funding, the first round of financing after initial start-up. Polaris Partners, a venture capital company in Boston specializing in health care and technology startups, led the round, joined by ARCH Venture Partners, Harris & Harris Group, Innotech Advisers,…
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Enzyme Cocktail Generates High Volume Hydrogen from Biomass
Bioengineers at Virginia Tech in Blacksburg, with colleagues from elsewhere in the U.S. and Mexico, developed a process to inexpensively extract large volumes of hydrogen fuel from any type of plant matter. The team led by biological systems engineering professor Y.H. Percival Zhang, published its findings online in a recent issue of the journal Angewandte…
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Lab-On-Chip Maker Lands $9.2M in Early Round Venture Funds
Hurel Corporation, a developer of preclinical testing devices in New Brunswick, New Jersey, raised $9.2 million in its first round of venture fund raising after initial start-up. The round was organized by Spring Mountain Capital, a private equity investment management company in New York. No other participants in the round were disclosed. Hurel Corp. designs…
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Third Rock Closes $516M Health Care Venture Fund
Third Rock Ventures in Boston and San Francisco raised $516 million for its Fund III to invest in new health care enterprises. Wth the fund, the company plans to support up to 16 health and medicine start-ups. Third Rock aims to finance new companies offering products or services in health care with high potential impact.…
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Virginia Tech Offering Class for Student Entrepreneurs
Virginia Tech is offering a course on starting a new business for student teams at its campuses in Blacksburg and Arlington to accelerate the business development process. The Startup Class, says the university, offers a way for graduate or undergraduate students with ideas for a new product or service to take those ideas to the…
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Investment Fund to Support Canadian Quantum Technologies
Quantum Valley Investments, a new venture fund in Waterloo, Ontario, plans to invest $100 million to develop and commercialize quantum computing technologies in its region. The fund, started by Blackberry co-founders Michael Lazaridis and Doug Fregin, aims to make stimulate development of Waterloo and vicinity into a Quantum Valley technology hub, similar to Silicon Valley…
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Grant to Fund Glucose-Sensitive Insulin Development
Case Western Reserve University’s medical school in Cleveland received a grant of almost $1 million for research to develop a fast-acting form of insulin that can respond to an individual’s glucose levels. The three-year grant from the Leona M. and Harry B. Helmsley Charitable Trust will fund the work of medical professor Michael Weiss, who…
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Software Advances Improve Cardiac Ultrasound Images
Biomedical engineers at University of Oxford in the U.K. developed software that they say enhances the ultrasound image quality of the heart. The original research, funded by the U.K.’s Engineering and Physical Sciences Research Council, led to a start-up company to commercialize the technology, which is on display today at the Healthcare Innovation Expo 2013…
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University, Companies to Partner on Wound Care Sensors
Researchers at University of Strathclyde in Glasgow, Scotland and Hamad Medical Corporation in Qatar are collaborating on development of sensors that monitor wound dressings, starting with a product created by a spin-off company from Strathclyde. The three-year project is funded by the Qatar National Research Fund, but financial aspects of the agreement were not disclosed.…
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Research on Insects Leads to Forestry Biochemical Start-Up
Biochemical researchers at University of Nevada in Reno started a company making compounds to control forest pests, based on their research in insect enzymes. Rubi Figueroa-Teran and Claus Tittiger, in Reno’s College of Agriculture and Biotechnology, started the company EscaZyme Biochemicals and were invited to join National Science Foundation’s Innovation Corps (I-Corps) to get the…