Tag: entrepreneurs
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Student Start-Up Company Develops Stroke Rehab App for iPad
Students at four universities in Canada developed an iPad application and started a company to help stroke survivors perform rehabilitation exercises at home. StrokeLink, the name of the company and the app, was part of the 2012 Next 36 program, a Canadian entrepreneurial accelerator for start-ups founded by undergraduates. The StrokeLink app offers stroke patients…
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Health IT Accelerator Formed, Seeks Entrepreneur Applicants
Tigerlabs, a support center for start-up companies in Princeton, New Jersey, is forming an accelerator program for new companies in health care information technology. The program, known as Tigerlabs Health, is scheduled to begin in February 2013, and accepting applications through 15 November 2012. The accelerator program will provide $20,000 in seed funding, mentorship, Microsoft…
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Start-Up Gets Army Brain Injury Field Diagnostics Contract
BrainScope Company Inc. in Bethesda, Maryland received a U.S. Army contract to develop a medical device to diagnose traumatic brain injuries in the field using smartphone-enabled technology. The $2.67 million contract with the four year-old company runs for two years. The award funds development of a device to help in the triage of patients in…
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Drug Discovery Company Lands Venture Funds, Licensing Deal
Vascular Pharmaceuticals Inc., a drug discovery company in Chapel Hill, North Carolina, secured $16 million in series A funds, the first round of financing after start-up. The company, a developer of drugs to treat complications of diabetes, also signed a licensing agreement for its lead compound with Janssen Biotech, a division of Johnson & Johnson.…
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Nanotech Process Devised for Graphene Semiconductors
Researchers at the Norwegian University of Science and Technology in Trondheim developed a process to make semiconductors by growing nanoscale wires on a graphene substrate. Helge Weman (pictured left), a professor of electronics, led the research team that published its findings last month in the journal Nano Letters; paid subscription required. Weman also co-founded a…
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New Materials Developed with Vast Surface Areas
Materials scientists and engineers at Northwestern University in Evanston, Illinois and University of Surrey in the U.K. created two new synthetic materials with the largest reported amounts of internal surface area. The researchers published their findings online in the Journal of the American Chemical Society (paid subscription required). The two new materials, known as NU-109…
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Early-Stage Biomedical Accelerator Gains $21M Initial Funding
BioMotiv, a Cleveland company supporting early-stage medical research for commercial development into therapies, secured $21 million in its first financing round. The funds are being provided by BioMotiv’s founding investors, University Hospitals health care system in northeast Ohio and the Harrington Family of Hudson, Ohio, a supporter of translational biomedical research. The company provides financing…
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Biopharma Start-Up Secures $27 Million in Venture Funding
Aerpio Therapeutics, a biopharmaceutical company in Cincinnati, closed a $27 million series A financing deal, the first round of funding after initial start-up. The round was led by Novartis BioVentures with Venture Investors LLC, Triathlon Medical Ventures, Kearny Venture Partners, Athenian Venture Partners, and AgeChem Venture Fund. The company began in January 2012 as a…
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New Process Simplifies Protein Production for Drug Companies
A chemical engineer at University of Arkansas in Fayetteville developed a new method for producing high quality proteins used in drugs for treating an assortment of disorders. Doctoral candidate Ellen Brune (pictured right) also founded a company, Boston Mountain Biotech, to commercialize the technology. Current industry methods for protein manufacturing require separating out the background…
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Health Care Technology Accelerator Boosts Seed Funding
Rock Health, an organization that provides seed funding, training, and mentoring for start-up companies in health care technology, says its next class of companies will each receive a $100,000 investment. The funds for these start-ups are being provided by the Mayo clinic and three venture capital firms: Aberdare Ventures, Kleiner Perkins Caufield and Byers, and…