Tag: entrepreneurs
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Life Science Venture Fund Raises $313 Million
Burrill & Company in San Francisco announced today a new life sciences investment fund with commitments so far totaling $313 million. The company says its Burrill Capital Fund IV plans to make early to late stage investments in therapeutics, diagnostics, medical devices, health care delivery, wellness, and digital health. CEO G. Steven Burrill says the…
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Stratolaunch Systems to Build Aircraft-Based Space Launcher
Stratolaunch Systems in Huntsville, Alabama announced plans to build a space launch aircraft and booster rocket with the capacity to replace the recently retired NASA space shuttle. The company, started by Microsoft founder Paul Allen, will partner with aircraft manufacturer Scaled Composites, space vehicle developer Space Exploration Technologies, and aerospace engineering company Dynetics. The entire…
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Biotech Secures $20 Million in Early Stage Financing
ImmusanT Inc. in Cambridge, Massachusetts has received $20 million in early stage financing to develop its therapy and diagnostic tools for celiac disease. The funds from venture capital firm Vatera Healthcare Partners LLC are expected to support further research and development of the company’s Nexvax2 therapeutics and diagnostics to a proof-of-concept demonstration. ImmusanT’s Nexvax2 therapeutic…
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Venture Fund Raises $50M for Life Science Investments
Forbion Capital Partners in the Netherlands says it is closing a new $50 million fund for investing in life science start-up companies nearing liquidity. The company’s second FCF 1 Co-Investment Fund plans to invest additional capital into its current portfolio of life science and biomedical technology companies. Forbion specializes in backing new businesses with late…
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Senate Passes SBIR/STTR Reauthorization in DoD Funding Bill
The U.S. Senate yesterday passed a reauthorization of the Small Business Innovation Research and Small Business Technology Transfer (SBIR and STTR) programs through 2019. The reauthorization of the SBIR and STTR programs were included in the larger Department of Defense authorization for the current 2012 fiscal year that began on 1 October. The bill passed…
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Junior Faculty Entrepreneurship Fellowship Grants Open
The Ewing Marion Kauffman Foundation in Kansas City, Missouri has opened the next round of nominations for the Kauffman Junior Faculty Fellowship (KJFF) in Entrepreneurship Research. Each fellowship awards $40,000 to the fellow’s university to support the recipient’s research for two years. The foundation plans to award up to seven KJFF grants to junior faculty…
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Commentary: Manufacturing the Health Care Venture Crisis
Rahm Emanuel, the current mayor Chicago and former chief of staff to President Obama, once famously said, “You never want a serious crisis to go to waste.” The National Venture Capital Association (NVCA) has gone Emanuel one better, using highly selected bits and pieces from an industry survey to predict an imminent retreat by investors…
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Harvard Entrepreneur Center Opens
Harvard University officially opened its Innovation Lab today, a center on a satellite campus across the Charles River in Boston, to encourage entrepreneurial activities by students and faculty. The i-Lab, as its called, aims to bring together entrepreneurs from the local community, as well as encourage innovation across Harvard’s schools and academic disciplines. The i-Lab,…
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Personalized Health Informatics Technology in Development
A team of European and Israeli researchers is developing technology for real-time, personalized health monitoring that can minimize the number of follow-up visits patients need to make to health care providers. The EU has granted about €6 million ($US8.1 million) over four years to fund the project. The MOBIGUIDE project will involve researchers from five…
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Dried Blood Test Developed, Spin-Off Company Formed
Researchers at King’s College London have developed a process to screen patients for genetic and acquired clinical conditions from a single dried blood spot. The college also started today a spin-off diagnostics company providing services using this method. The test, developed by a team from King’s College and clinician collaborators from King’s Health Partners Academic…