Tag: entrepreneurs
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Electric Bus Developer Lands $23 Million in Series B Funds
Proterra Inc. in Greenville, South Carolina, a developer of electric buses for public transportation, secured $23 million in series B funds, the second round of venture financing after initial start-up. New investor Hennessey Capital led the round, with new investor NMT Capital, and current investors Kleiner Perkins Caufield & Byers, GM Ventures, Mitsui & Co.…
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Special: Patent Office Director — Software Patents Working
U.S. Patent and Trademark Office (USPTO) director David Kappos pushed back at complaints about software patents harming American innovation, saying the current patent system has generated “an explosion of innovation.” Kappos discussed software patents today in a speech to the progressive think tank Center for American Progress in Washington, D.C. Kappos answered charges that the…
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U.K. Devotes £60 Million for Science Entrepreneurship
The Engineering and Physical Sciences Research Council or EPSRC in the U.K. is funding 31 projects at British universities to encourage scientists to become new or better entrepreneurs. The £60 million ($US 95.3 million) program was announced today by Vince Cable, U.K.’s Secretary of State for Business, Innovation and Skills. Under the program, EPSRC is…
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Genomics Institute to Back Umbilical Cord Stem Cell Company
Ontario Genomics Institute in Toronto, Canada is investing in Tissue Regeneration Therapeutics, also in Toronto, a company developing a technology for medical treatments with stems cells extracted from umbilical cords. Financial aspects of the investment were not disclosed. The technology developed by Tissue Regeneration Therapeutics uses human umbilical cord perivascular cells or HUCPVCs that are extracted…
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VC, University Partner on Medical Device Start-Up Company
George Washington University in Washington, D.C., and venture capital company Allied Minds Inc. in Boston, formed LuxCath LLC, a new company that makes a device for increasing the speed and safety of surgery for irregular heartbeat. LuxCath’s technology is based on research by faculty at George Washington’s medical school and engineering department. LuxCath is developing…
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Diagnostics Company Lands $12 Million Series B Funds
Advanced Cell Diagnostics Inc., a genomic diagnostics developer in Hayward, California, secured $12 million in series B funding, the second round of venture financing after initial start up. New Leaf Venture Partners that specializes in health care technology investments led the round, joined by existing investor Morningside Ventures. Advanced Cell Diagnostics makes diagnostic tests that…
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Life Sciences Can Generate Start-Ups, With a Little Help
A case study of innovation in the life sciences in San Francisco shows academic researchers, with the right kind of support, can generate a high number of start-up companies producing new products for the marketplace. The study focuses on the California Institute for Quantitative Biosciences (QB3) and its entrepreneurial programs, which appears in this week’s…
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University Spin-Off Developing Super-Porous Nanomaterials
A spin-off company from Queen’s University in Belfast, Northern Ireland is commercializing research on highly porous nanoscale materials, using a simple, safe process for synthesizing these materials developed at the university. The research by Queens chemistry professor Stuart James on these materials, known as metal-organic frameworks (MOFs), has led to the founding of the company…
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Solar Cells Built to Power Portable Devices in Low Light
Chemistry researchers at University of Warwick in the U.K. and Molecular Solar Ltd., a Warwick spin-off company in nearby Coventry, created an organic solar cell that generates enough power to recharge a lithium-ion battery directly and can work in various levels of light, including partial shade. The team led by Warwick professor Tim Jones (pictured…
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CT Image Analytics Adapted for COPD Diagnosis
Medical researchers at University of Michigan in Ann Arbor adapted computed tomography (CT) image analysis techniques to more precisely diagnose chronic obstructive pulmonary disease, or COPD. The research team led by Michigan radiologist Brian Ross appears online in the journal Nature Medicine (paid subscription required). Ross and colleagues also founded a company that is taking…