Tag: entrepreneurs
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Sanofi, VCs Back Start-Up Deriving Natural Product Drugs
The French drug maker Sanofi, with American venture capital (VC) companies Third Rock Ventures and Greylock Partners, are investing up to $125 million in Warp Drive Bio a new biotechnology company in Cambridge, Massachusetts. Warp Drive Bio, being incubated at Third Rock Ventures, specializes in using genomics to derive drug candidates from natural sources, such…
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$600M Venture Fund Targets Technology, Health Care Sectors
Canaan Partners, a venture capital company in Menlo Park, California says it has closed contributions to a new fund to finance start-ups in the technology and health care fields. The company says the $600 million fund, the ninth such fund in its series, will support new technology and health care entrepreneurs. Canaan Partners says two-thirds…
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Women U.S. Patent Holders Increase Sharply in 2010
The number of women obtaining U.S. patents in 2010 increased by 35 percent compared to 2009, according to early results of a study commissioned by the National Women’s Business Council (NWBC). The study by an independent research company examined patents issued by the U.S. Patent and Trademark Office (USPTO) between 1975 and 2010. Preliminary results…
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Cleantech Investment Volume Up, Deal Numbers Down in 2011
Global investment dollars in clean technologies increased in 2011 from the previous year, but the number investment deals declined somewhat, according to the industry research company CleanTech Group in San Francisco. Clean technologies, as defined by Cleantech Group, include renewable energy sources such as wind and solar, as well as energy efficiency, pollution control, infrastructure…
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Ophthalmology Drug Delivery Start-Up Gets $4M Investment
An Atlanta-based start-up, Clearside Biomedical, has received a $4 million venture capital investment from Hatteras Venture Partners in Research Triangle Park, North Carolina. Clearside Medical is commercializing technology developed at Emory University and Georgia Tech that delivers drugs to precise locations in the eye using hollow microneedles. Research behind the Clearside Biomedical technology was conducted…
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Cellulosic Biomass Sugars Developer Gains BASF Backing
Renmatix Inc., a developer of biofuel sugars from cellulosic feedstocks in King of Prussia, Pennsylvania, has secured a $50 million investment round led by German chemical manufacturer BASF. The BASF subsidiary, BASF Biorenewable Beteiligungs GmbH, contributed $30 million to the investment round, joined by new and existing investors. Renmatix has devised a technology platform called…
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Fewer Venture-Backed Companies Gain Liquidity, Get More Cash
Dow Jones VentureSource says in 2011 fewer U.S. companies backed by venture capital gained liquidity than in 2010, but those companies that left start-up status raised a good deal more capital in the process. The venture capital industry research service reports the 522 mergers, acquisitions, buyouts, and initial public offerings (IPOs) represent a 14 percent…
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Biofuels Start-Up Adds BP as Investor
Cool Planet BioFuels in Camarillo, California says BP Technology Ventures has made an investment in the company’s C round — the third series of equity investments after start up. The amount of the investment by BP’s venture capital division was not disclosed. Current investors in Cool Planet Biofuels also include General Electric, Google Ventures, ConocoPhillips,…
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Patent Awarded for Stem Cell Generation Process
A process that enables a single gene to generate millions of therapeutic stem cells from ordinary human cells has received a patent from the U.S. Patent and Trademark Office. The patent — number 8,080,420 — was awarded to medical professor Kiminobu Sugaya and colleagues at University of Central Florida in Orlando, and assigned to that…
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Chemical Brush Offers Tooth Cavity Filling Alternative
Engineers at University of Missouri and spin-off company Nanova Inc. in Columbia, Missouri plan to soon begin clinical trials of a device to painlessly replace tooth fillings. Research and development of the plasma brush, as the device is called, was funded by National Science Foundation and Small Business Innovation Research (SBIR) grants from National Institutes…