Tag: entrepreneurs
-
University Research Leads to Battery Sorting Machine
Research on artificial intelligence by a professor at Gothenberg University in Sweden made possible a machine that sorts discarded household batteries and a company that developed and markets the system. Claes Strannegård, a researcher in logic and cognitive science at Gothenberg, applied his work on artificial intelligence to find a better way of sorting garbage.…
-
Synthetic Sugars Developer Lands $3.5M Venture Financing
Proterro Inc. in Ewing, New Jersey, a developer of synthetic sucrose for biofuels and chemicals, secured $3.5 million in new venture financing. The company also says the U.S. Patent and Trademark Office (USPTO) issued a notice of allowance for the genetically engineered bacteria used in its production process. The company combines genetic engineering with chemical…
-
University Biotech Spinoff Secures $38M Venture Funding
Naurex Inc., a spin-off company from Northwestern University creating neurological and psychiatric drugs, closed a $38 million series B venture round, the second financing cycle after start-up. Financing for the Evanston, Illinois biotechnology company was led by new investor Baxter Ventures, and joined by new investor Savitr Capital, as well as 10 current backers including…
-
Wake Forest Health Expands Commercialization Program
Wake Forest Baptist Medical Center in Winston-Salem, North Carolina started a new division to encourage development of new products and services from its research. Wake Forest Innovations, as the division is called, is expected to generate new revenue streams for the medical center by growing and managing new business partnerships. Wake Forest Innovations has a…
-
New Life Sciences Venture Fund to Invest in Europe, U.S.
Sofinnova Partners, a venture capital company in Paris, closed its seventh fund focusing on investments in life sciences start-up companies, valued at €240 million ($312 million). Sofinnova Partners is affiliated with Sofinnova Ventures, a life sciences venture capital company in Menlo Park, California. The company says contributors to the Sofinnova Capital VII fund are major…
-
Genomics Biotech Raises $40 Million in Venture Funds
Moderna Therapeutics, a biotechnology start-up in Cambridge, Massachusetts developing therapies harnessing messenger RNA, secured some $40 million in venture funding. The financing for this round was led by Flagship Ventures that incubated Moderna Therapeutics, and includes other unamed private investors. The two-year-old company, founded and based on research by scientists at Harvard University and MIT,…
-
MIT Entrepreneurial Center Awards Technology Grants
A division of Massachusetts Institute of Technology that promotes entrepreneurship awarded new grants to eight research teams working on early-stage technologies. The Deshpande Center for Technological Innovation at MIT says the grants total $706,000 and cover projects ranging from semiconductor manufacturing to retinal disease detection. The grants support early-stage research and development of new solutions,…
-
Membrane Technology to be Studied for Industrial Processes
Engineers and materials scientists at University of Minnesota in Minneapolis received funding from the U.S. Department of Energy to develop membrane technology for energy-efficient separations in a range of process industries. The three-year, $1.8 million grant from the Advanced Research Projects Agency–Energy (ARPA-E) aims to adapt lab research on nanotechnology for membranes that can improve…
-
Microneedles Found Effective as Syringe for Measles Vaccine
Biomedical engineers at Georgia Institute of Technology and Centers for Disease Control and Prevention (CDC), both in Atlanta, found microneedle patches could deliver a vaccine for measles to lab animals as effectively as a conventional hypodermic needle. The team led by Georgia Tech’s Mark Prausnitz published its findings online in a recent issue of the…
-
Fuel Cell Generates Power from Green Roofs, Wetlands
An environmental scientist at Wageningen University in the Netherlands designed a fuel cell that can generate electrical power from living plant roots and soil bacteria found in natural wetlands or vegetation on green roofs of urban buildings. Wageningen’s Marjolein Helder defends her doctoral dissertation today describing the technology, and she has started a company to…