Tag: entrepreneurs
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Energy Dept. Cuts Fees, Procedures on Nat’l. Lab Patents
The U.S. Department of Energy (DoE) has cut licensing fees to $1,000 and reduced paperwork for start up companies on 15,000 patents held by national laboratories. The initiative aims to double the number of start up companies coming out of the department’s 17 national labs. Any of the 15,000 unlicensed patents and patent applications held…
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Prof. Develops Open-Space Laser Transmission Technology
An emerging technology for transmitting data with lasers through open space is being developed at Stevens Institute of Technology in Hoboken, New Jersey. The technology that aims to exceed the communications capabilities of fiber-optic transmission without the fiber is being studied by physics and engineering professor Rainer Martini (pictured left), who has also started a…
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University Spinoff Company Commercializes Robotic Modules
A University of California at Davis engineering professor and former student have developed robot modules for teaching and research, and formed a company to take their invention to market. Davis professor Harry Cheng and former grad student Graham Ryland developed the iMobot, as their invention is called, while Ryland worked in Cheng’s Integration Engineering Laboratory.…
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Company Licenses Ultrasound Atherosclerosis Therapy
International Cardio Corporation (ICC) in Excelsior, Minnesota has licensed technology developed at University of Minnesota to treat atherosclerosis with ultrasound. The ultrasound treatment is considered less invasive and potentially safer for the patient than current therapies, such as stents and balloon angioplasty. Atherosclerosis is the name of the process in which deposits of fatty substances,…
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Finance Friday: 18 March 2011
Here are recent angel and venture finance transactions for science- and engineering-based companies, as reported by Xconomy and Venture Capital Reporter. Biomedical/Life Sciences Advanced Animal Diagnostics in Durham, North Carolina raised $11 million in equity funding with Intersouth Partners and Novartis Venture Funds, the venture capital arm of Novartis Pharmaceuticals, and others. Chronix Biomedical in San Jose,…
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Finance Friday: 11 March 2011
Here are recent angel and venture finance transactions for science- and engineering-based companies, as reported by Xconomy, Fierce Biotech, and Venture Capital Reporter. Biomedical/Life Sciences Kite Pharma, a start up biotech in Los Angeles, California developing new cancer vaccine therapies, took in $15 million in Series A venture funding, from TPG Capital and other investors.…
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U.S. Agencies to Fund Green Technology Start Up Challenge
The U.S. Commerce Department, with the Departments of Agriculture and Energy, Environmental Protection Agency, and National Science Foundation, opened their $12 million i6 Green Challenge for business incubators that help green technology entrepreneurs get started. This year’s competition is the second round for the i6 Green Challenge that began last year. Commerce’s Economic Development Administration…
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New Balloon Catheter Reduces Cardiac Surgery Invasiveness
A team of materials scientists, engineers, and physicians has successfully integrated stretchable electronics technology with standard balloon catheters now used inside the heart. The researchers from several universities and a company commercializing the technology, published their findings in the current online issue of the journal Nature Materials (paid subscription required). Catheters are long, flexible tubes…
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New U.S. Start Ups Rise in 2010: That’s the Good News
According to the Ewing Marion Kauffman Foundation’s Index of Entrepreneurial Activity, American adults created 565,000 new businesses in 2010, which represents the highest level of entrepreneurship over the past 15 years. The foundation notes, however, that the dismal state of the economy and high unemployment may have pressed more individuals into going it alone, rather…
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Finance Friday: 4 March 2011
Here are recent angel and venture finance transactions for science- and engineering-based companies, as reported by Xconomy and Venture Capital Reporter. Biomedical/Life Sciences Retina Implant AG in Reutlingen, Germany, a medical device company developing sub-retinal implants to help visually impaired people improve their sight, secured $18 million in its second round of equity funding from…