Tag: entrepreneurs
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University Licenses Cancer Drug Screening Technology
A technology developed at University of Colorado in Boulder to screen drug compounds for potential cancer treatments has been licensed by the university to a Boulder start-up company. Suvica Inc. will develop the patented drug discovery technology into a marketable product. The drug discovery processes licensed to Suvica use a genetically modified Drosophila fruit fly…
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Laser Technology Developed to Detect Improvised Explosives
Scientists at Michigan State University in East Lansing have developed a laser that in lab tests has shown the potential to detect roadside bombs, a destructive weapon encountered by American and allied forces in Iraq and Afghanistan. The team led by MSU chemistry professor Marcos Dantus published its findings in the current issue of the…
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AngelSoft Becomes Gust, Offers Start-Up Funding Platform
AngelSoft, a network of 600 angel investor groups, is rebranding itself under the new name Gust, and will offer both entrepreneurs and investors a common platform to make connections and develop partnerships. Gust says it has endorsements from more than 15 national and international investor associations, 150 venture capital funds, and 35,000 individual angel investors.…
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Biotech Developing Anti-Cancer Drugs Gets $15M Investment
Tensha Therapeutics in Cambridge, Massachusetts says it has received $15 million in early stage financing to advance treatments for cancer by regulating the transcription of disease-associated genes. The series A investment — the first round of funding after a company’s initial seed capital — is provided by HealthCare Ventures, life science venture capital firm, also…
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Student Engineers/Entrepreneurs Develop Child Safety Device
Two engineering students at Michigan Technological University in Houghton are taking to market a device they built to keep children from unbuckling their seat belts. Collin Veele and Alex Cotton say they have secured a provisional patent and trademark, and now their Buckle Blocker is ready for the marketplace. The Buckle Blocker, which would typically…
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Manufacturing Process Devised for More Economical LEDs
Materials scientists at University of Florida in Gainesville have developed a new manufacturing process for light-emitting diodes, or LEDs, used in flat-panel displays and solid-state lighting. The process is described in an article now appearing in the journal Nature Photonics (paid subscription required), and has been licensed to a company for commercialization. Two research teams…
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Engineers Build Compact, Inexpensive Microscope
Researchers at University of California at Los Angeles (UCLA) have built a compact, light-weight microscope that uses holograms instead of lenses. The device is described in a paper published today in the journal Biomedical Optics Express, and a company has been formed to take it to market. The team developing the microscope is led by…
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University of Utah Spins-Off 23 Companies in 2010-2011
The University of Utah in Salt Lake City, named the top institution for creating start-up companies, says the school spun-off 23 new companies in its 2010-2011 fiscal year, most of which are based on scientific or engineering discoveries. The new figures were released in the annual report of the university’s Technology Venture Development office. In…
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Small Business Grant Funds University Biodiesel Start-Up
NextCAT Inc., a Wayne State University start-up company in Detroit, has received a Phase 2 Small Business Innovation Research (SBIR) award from the National Science Foundation (NSF) of nearly $500,000. The company commercializes catalysts for the production of biodiesel developed at the National Biofuels Energy Laboratory at Wayne State. NextCAT plans to bring to market…
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Cambridge U.K. Spin-Off Gains $9.5 Million in Early Funding
Mission Therapeutics, a research spin-off company from Cambridge University in the U.K., has raised £6 million ($US 9.5 million) in Series A funding from a European venture capital syndicate. Series A investments represent the first round of significant funds raised after an enterprise’s initial launch. The company specializes in the discovery and development of drugs…