Tag: entrepreneurs
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SpaceX Dragon Capsule Docks at Space Station [Updated]
Update: 31 May 2012 NASA reports that the SpaceX Dragon capsule splashed down in the Pacific Ocean at 11:42 a.m. EDT a few hundred miles west of Baja California, Mexico, marking the completion of the first mission by a commercial company to resupply the International Space Station. The capsule earlier began a 9-minute, 50-second deorbit…
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Venture Fund Raises $50M for Cleantech, Materials Start-Ups
Pangaea Ventures Ltd. in Vancouver, British Columbia has raised $US 50 million for its Pangaea Ventures Fund III that aims to invest in early-stage cleantech companies using advanced materials technologies. Pangaea says the new investment fund expects to eventually raise $100 million. The limited partners in the fund are corporate and private-equity venture investors including…
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$525M Venture Fund to Back Tech, Science Companies
The venture capital company Kleiner Perkins Caufield & Byers in Menlo Park, California has closed a $525 million venture capital fund for equity investments in early-stage green technology and life sciences, as well as digital enterprise companies. The fund, Kleiner Perkins Caufield & Byers XV LLC (KPCB 15) will be led by 10 of the…
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Semiconductor Venture Investment Jumps in April
Venture capital investments in semiconductor companies worldwide rose significantly in April 2012, compared both to March and April 2011. The Global Semiconductor Alliance in London compiles and publishes these statistics each month. The organization reports that semiconductor companies received $194.2 million in venture capital in April 2012, a 10-fold increase over March 2012, and more…
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Biomaterials Developer Lands $10 Million Series C Funds
Regentis Biomaterials Ltd., based in Or Akiva, Israel and Princeton, New Jersey, has secured $10 million in series C funds, the third round of financing after initial start-up. New investors Royal DSM and Crossroad Fund, and existing investors Medica Venture Partners, SCPVitalife and the Technion Investment Opportunities Fund contributed to the round. The company’s lead…
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Group Plans Increased VC Funds for Women, Diverse Start-Ups
A new program aims to increase venture capital funding for new start-up companies owned by women and diverse minority entrepreneurs. The Venture Capital Access Program (VCAP) is a partnership of the National Association of Investment Companies, Harvard Business School Alumni Angels of Greater New York, and the Marathon Foundation. Applications close on Friday 18 May.…
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UC-Davis Incubator Spins Off Audio Technology Company
The business incubator at the University of California in Davis engineering school says an audio technology company is the incubator’s first spin-off to gain funding and begin doing business on its own. Dysonics, founded by emeritus engineering professor Ralph Algazi and colleagues at UC-Davis, is commercializing research conducted in Algazi’s labs. Dysonics plans to develop…
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Energy Institute Unveils Prototype Alternative Battery
The CUNY Energy Institute, part of City University of New York, has built an operating prototype zinc anode battery system, as an alternative to traditional nickel-cadmium batteries. The institute plans to start a company to commercialize the technology later in the year. The battery project is led by engineering professor and institute director Sanjoy Banerjee…
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Cancer Institute Spin-Off Lands New €3 Million Financing
iTeos Therapeutics SA, a drug discovery company in Gosselies, Belgium, has secured €3 million ($3.94 million) in series A financing, the first investment round after starting up. The company received its initial seed funding, totaling €6 million, in December 2011. iTeos Therapeutics is a joint spin-off company of the Ludwig Institute for Cancer Research in…
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White House Issues Outline for Bioscience-Based Economy
The Office of Science and Technology Policy in the White House today released a national Bioeconomy Blueprint that it says will harness biological research to address national priorities. The plan outlines actions to be undertaken by federal agencies. No mention is made of new legislation, although the administration’s latest budget submission identified as a priority…