Tag: entrepreneurs
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NSF Adding Three I-Corps University Innovation Centers
National Science Foundation is adding three regional consortiums under its Innovation Corps (I-Corps) program to encourage campus entrepreneurship from university research. The three awards going to university I-Corps nodes in and around San Francisco, Washingon, D.C., and New York City total some $11.2 million. I-Corps aims to help academic scientists funded through NSF make the…
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Implant Drug Delivery Company Lands $9.5M Venture Funds
PolyActiva in Melbourne, Australia, a developer of a nanoscale drug delivery technology for medical implants, raised $AU 9.2 million ($US 9.5 million) in series B venture funds, the second financing round after initial start-up. Investors include the Australian venture funds Medical Research Commercialisation Fund, Brandon Biosciences Fund 1, and Yuuwa Capital, as well as a…
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Space Data Start-Up Raises $1.3M from Angels, Crowdfunding
NanoSatisfi, a start-up company in San Francisco offering low-priced space-based data services, raised $1.2 million in seed capital, to go along with more than $100,000 collected last summer through crowdfunding. The company announced the funding round yesterday on Twitter, with details reported on the technology and business news Web site TechCrunch. Anthony Ha of TechCrunch…
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Janssen R&D Opens Lab Space to Individual Entrepreneurs
Janssen Labs at San Diego, part of Janssen Research and Development and the pharmaceutical company Johnson & Johnson, is expanding its open laboratory facilities to individual life science entrepreneurs to conduct early stage research. The facility, open for a year, is already home to 18 start-up companies in the life sciences. Janssen Labs is housed…
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Kauffman CEO: New Venture Capital Structure Needed
Kauffman Foundation CEO Tom McDonnell called for a new relationship between venture capital financiers and high-growth start-up enterprises to better reflect the long-term needs of these companies. McDonnell made the remarks in a speech on the state of entrepreneurship in the U.S. at the National Press Club in Washington, D.C. The Ewing Marion Kauffman Foundation…
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Cancer Data Start-Up Lands $8 Million in Venture Funds
Flatiron Health in New York, developing data analytics for cancer research and therapeutics, secured $8 million in series A funding, the first round of financing after initial start-up. The investment round was led by Google Ventures, with First Round Capital, Laboratory Corporation of America, Great Oaks Capital, The Social+Capital Partnership, SV Angel, IA Ventures and…
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EC Opens Proof of Concept Funding Call
The European Commission opened a call for proposals to fund early-stage scientific research ideas with commercialization potential. Applications for the €10 million ($US 13.4 million) fund are due 24 April 2013. The Proof of Concept grants, as the program is called, are open to holders of current European Research Council science project funding. The scheme…
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New Company Formed to Create Engineered Corneal Tissue
Wake Forest Baptist Medical Center, North Carolina Eye Bank, and the company Ocular Systems Inc., all in Winston-Salem, are forming a new company to create bioengineered tissue for cornea transplants. The startup company, HCEC LLC (for human cultured endothelial cells), is expected first to advance the technology to the point of an FDA submission for…
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Mergers, IPOs for Venture-Backed Companies Down in 2012
Initial public offerings (IPOs) and mergers and acquisitions (M&As) of venture-backed companies in the U.S. declined overall in 2012 and in the last quarter of the year. Financial industry analytics service Dow Jones VentureSource says the Facebook IPO in May 2012 influenced much of the activity and money raised during the year. During 2012, a…
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University, Companies Partner on Air Cleaning Technology
A chemistry professor at University of Copenhagen in Denmark is working with a Danish entrepreneur and waste processor to test a process for cleaning polluting particles from industrial emissions. Environmental chemist Matthew Johnson (pictured right) and the university have also patented the process he devised, which is based on on the natural ability of the…