Tag: entrepreneurs
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Cancer Institute Invests in Three Spin-Off Companies
The Ontario Institute for Cancer Research (OICR) in Toronto says it invested in three new Ontario companies aimed at bringing anti-cancer technologies to market. OICR previously provided seed funding for the three companies. The three companies include: – TORCell Therapeutics Inc. is a spin-off of OICR and University Health Network in Toronto. The company is…
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Venture Capital Investment Performance Improves Through 2010
Returns on venture capital (VC) investments continued to improve for the fourth quarter and all of 2010, for most time horizons stretching back to 1981, and in some cases exceeding the benchmark stock indexes. These data are contained in the latest Cambridge Associates U.S. Venture Capital Index, prepared for the National Venture Capital Association. For…
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Dissertation Grants Available for Entrepreneurship Studies
The Ewing Marion Kauffman Foundation in Kansas City, Missouri has opened applications for its 2011-2012 Kauffman Dissertation Fellowship Program. The online request for proposals runs through 14 September 2011. The Kauffman Foundation plans to award 15 fellowship grants of $20,000 each for Ph.D., D.B.A, and other doctoral students who include studies of entrepreneurship as part…
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Start Up to Develop Nanotech Therapy for Artery Disease
Vascular Magnetics Inc. in Philadelphia, Pennsylvania has licensed technology from Children’s Hospital of Philadelphia to develop treatments for peripheral artery disease (PAD). The company is the hospital’s first commercial spin-off and co-founded by Robert Levy, who conducted the basic research behind the technology. Peripheral arterial disease occurs when plaque builds up in the arteries that…
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New Technology Promises Faster Drug Candidate Testing
Scientists at the Universities of Toronto, Stanford, and Columbia have developed a technology called mass cytometry that measures the action and function of candidate prescription drugs faster and on a larger scale. The team’s findings appear this week in the journal Science (paid subscription required). Mass cytometry enables the measurement of up to 100 biomarkers…
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Global Venture Capital Volume Up in Q1, Deal Number Down
The volume of venture deals for companies in the U.S., Europe, Canada, Israel, China, and India jumped 20 percent to $9.8 billion in the first quarter of 2011 compared to the same quarter in 2010. However, the number of deals worldwide declined 7 percent in the first quarter, to 967. The data compiled by Dow…
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Grants to Fund Tech Commercialization in Maryland
The Maryland Technology Development Corporation (TEDCO) in Columbia has started a technology transfer program with funding for small businesses to commercialize U.S. government technologies. TEDCO’s Joint Technology Transfer Initiative (JTTI) will award $825,000 to 11 small businesses over two years. Grants of up to $75,000 will go to companies with plans to bring to market…
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Q1 2011 Venture Fund Raising Up in U.S., Down in Europe
Venture capital (VC) funds in the U.S. raised $7.7 billion in the first quarter of 2011, nearly double the $3.9 billion raised in the first quarter of 2010, according to Dow Jones LP Source. Early-stage funds — those that invest in start up companies, such enterprises begun by university researchers — were among the VCs…
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Smartphone App Gives Voice to Those Who Cannot Speak
Students at University of Toronto in Canada have designed a smartphone application that merges a voice synthesizer with a GPS to give people who cannot speak the words they need. The app, called MyVoice, is available for the iPhone, with an Android version in development. MyVoice is an assistive and augmentative communication device that adds…
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Venture-Backed Exit Value Up, Numbers Down in Q1 2011
The number of exit deals for new companies in the U.S. backed by venture capital (VC) in the first quarter of 2011 dropped, while the total value of the deals increased compared to the same period in 2010. Science-based companies figured prominently in the first-quarter deals involving VC-backed enterprises. Data on exits, where enterprises backed…