Tag: entrepreneurs
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Kauffman Helping Stanford Student Accelerator Go National
The Ewing Marion Kauffman Foundation in Kansas City is providing an $800,000 grant to StartX, an accelerator for student start-up businesses on the Stanford University campus in Palo Alto, California. The grant will help StartX scale up its operations to expand across the U.S. StartX is a not-for-profit organization for entrepreneurs affiliated with Stanford University.…
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Medical Device Company Gets $20M in Venture Financing
Ornim Inc., a developer of blood oxygen and blood flow monitors in Lod, Israel, secured $20 million in series B venture funding, the second financing cycle after initial start-up. The round was led by life sciences investment firm OrbiMed, with participants including the GE healthymagination Fund and Agate Medical Investments LP. Ornim develops monitors focusing…
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Medical Monitor Device Start-Up Raises $7M in Venture Funds
Retia Medical, a medical device company in East Lansing, Michigan, raised $7 million in series A funds, the first round of financing after initial start-up. The Pritzker/Vlock family office, a private equity company investing in biotech, industrial and medical equipment, and technology businesses led the round. Retia Medical develops monitors for high-risk patients, starting with…
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Hopkins Students Invent Suturing Device, Start Company
A team of biomedical engineering students at Johns Hopkins University in Baltimore developed a disposable suturing tool for abdominal surgeries, to reduce the risk of complications, such as the accidental puncture of internal organs. The students, mainly undergraduates, filed a patent for their FastStitch device, and started a company to take their idea to market.…
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Breakout Labs Backs Tissue Engineering, Diagnostic Start-Ups
Breakout Labs, an early-stage revolving fund for life sciences start-ups, revealed three new grant recipients planning to develop solutions with advanced technologies. Breakout Labs is a program of the Thiel Foundation, founded by entrepreneur and investor Peter Thiel — co-founder of PayPal and early venture backer of Facebook — in October 2011. The new recipients…
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Biotech Begins Clinical Trial for Stroke Treatment
ZZ Biotech, a biotechnology company in Houston, began a clinical trial of an experimental drug to treat acute ischemic stroke, where blood flow to the brain is blocked by a clot. The drug being tested is 3K3A-APC, the result of research first conducted at University of Southern California and Scripps Research Institute in California, and…
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MIT Start-Up Building Solar Thermal Systems for Clinics
A not-for-profit company established by students and alumni at Massachusetts Institute of Technology is testing a solar energy system that generates electric power and hot water for isolated health clinics in Africa. The team led by Matthew Orosz, a recent Ph.D. recipient in mechanical engineering, will describe its work in an upcoming issue of the…
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Students, Postdocs, Policies Drive University Spinoffs
A new report from the Ewing Marion Kauffman Foundation says participation of graduate students and postdoctoral researchers in forming businesses, coupled with campus policies and support structures, help propel the creation of spinoff companies from universities. The Kauffman Foundation in Kansas City conducts research and advocacy on entrepreneurship, and provided one of the report’s authors…
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Lighting Devised to Help Shift Workers Regulate Body Clocks
Researchers at Université Laval in Quebec City, Canada developed blue lighting to help shift workers regulate their internal clocks, to stay alert when working and get sleep when needed. Marc Hébert (pictured left), an ophthalmology professor at Laval and researcher in the university’s mental health research center, invented the light and started a company to…
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Life Science Analytics Start-Up Generates First Sales
Tymora Analytical Operations LLC, a developer of analytic technology for drug development in West Lafayette, Indiana, says the company is generating its first sales income after only two years in business. The Purdue University spin-off licenses research done by biochemist W. Andy Tao (pictured left), who also serves as Tymora’s chief scientist. The company is…