Tag: entrepreneurs
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European Venture Volume Up, Science Company Investments Drop
Venture capital (VC) investment volume rose in the second quarter of 2012 compared to the second quarter of 2011, but the number of VC deals dropped sharply. The number and volume of investments in European science-based companies, says financial industry research service Dow Jones VentureSource, declined by double-digit percentages in the second quarter of 2012…
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Start-Up Licenses National Lab-Developed Network Technology
Two computer scientists at Oak Ridge National Lab in Tennessee developed wireless network simulation technology, then started up a company to take that technology to market. Oak Ridge Lab licensed Radio Channel Simulator, or RCSim, technology for software development and commercialization to Networcsim LLC, a company formed by the technology’s inventors James Nutaro and Phani…
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$2.6B Venture Fund Aims for Health Care, Energy Companies
New Enterprise Associates Inc., a venture capital company in Chevy Chase, Maryland, says it has closed its 14th fund with $2.6 billion in capital. New Enterprise says the new fund is its third consecutive property exceeding $2.5 billion, and brings the company’s total committed capital to more than $13 billion across all of its funds.…
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Purdue Awards $200K for Research Commercialization
The Trask Innovation Fund at Purdue University in Indiana has awarded some $200,000 to help Purdue researchers take their discoveries to market. The awards cover research on alternative fuels, pharmaceutical drug dosage forms, assisted reproductive technology, and a mobile app for note-taking. The Trask Innovation Fund is a program of the Purdue Research Foundation to…
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Biopharma Secures $38.5 Million in Series D Funds
Chiasma Inc., a biopharmaceutical company in Jerusalem, Israel, has closed its $38.5 million series D funding round, the fourth cycle of financing after initial start-up. The round was led by by new investor Abingworth and current investor MPM Capital, with participation from current share holders 7 Med Health Ventures, ARCH Venture Partners, F3 Ventures, and…
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Microneedle System Developed to Deliver Drugs to Eyes
Researchers at Georgia Institute of Technology and Emory University in Atlanta have developed a system of microneedles to deliver drugs to the back of the eye. The research team’s findings appear in the July issue of the journal Investigative Ophthalmology & Visual Science (paid subscription required). The microneedles were devised to meet a need for…
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University, Company to Collaborate on Cancer Imaging
Queen’s University in Belfast, Northern Ireland, U.K., is partnering with start-up company Cirdan Imaging Ltd., also in Northern Ireleand, to develop new imaging tools for the detection and treatment of cancer. As part of the deal, QUBIS Ltd., the university’s technology transfer subsidiary, will take an equity stake in Cirdan Imaging. The agreement involves research…
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VC Funding Cut for U.S. Firms, Science Companies Take Hit
Venture capital investments in U.S.-based companies are down for the second quarter of 2012, with software and Internet companies favored over enterprises based on scientific discoveries. According to Dow Jones VentureSource, a financial industry research service, companies in the U.S. raised $8.1 billion in 863 deals during the second quarter of 2012, a nine percent…
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Technology Developed to Diagnose, Treat Atrial Fibrillation
Researchers at University of California in San Diego and Los Angeles, and Indiana University have discovered that irregular heart rhythms known as atrial fibrillation are the result of small electrical sources within the heart, in the form of spinning electrical rotors or focal beats. The research team published its findings online in the Journal of…
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Chronic Pain Technology Company Gains $3.5M Series B Funds
Neuros Medical Inc., a company in Cleveland developing a university-discovered electronic pain relief technology, says it raised $3.5 million in series B venture funds, the second round of financing after start-up. Boston Scientific and Glengary LLC led the round, with new investors RiverVest Venture Partners, LLC, Blue Tree Allied Angels, and ModelVest joining current investors…