Tag: entrepreneurs
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Venture Fund to Finance Univ. Tech. Start Ups
Osage University Partners in Bala Cynwyd, Pennsylvania says it completed fund raising for its first venture capital fund financing new enterprises that license technology developed in university labs. The company says the fund, called Osage University Partners 1, achieved its goal of raising $100 million. Osage University Partners was founded in 2009 by venture professionals…
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Finance Friday: 25 February 2011
Here are recent angel and venture finance transactions for science- and engineering-based companies, as reported by Xconomy. Biomedical/Life Sciences CardioFocus in Marlborough, Massachusetts. Attrial fibrilliation devices. $13.6 million in equity financing. CalciMedica in San Diego, California. Biotech with experimental psoriasis candidate. $6 million in venture financing. Acetylon Pharmaceuticals, in Boston, Massacusetts. Drugs to treat cancer…
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Michigan Start Up Company Licenses Biodiesel Technology
NextCAT Inc. in Detroit, Michigan says it has licensed biofuel catalyst technology developed at the National Biofuels Energy Lab at Wayne State University, also in Detroit. The company says the technology can help restart the biodiesel industry that has been mostly idle in the United States since 2008, when rising feedstock prices made the production…
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Grad Student Creates, Markets Rural Water Conveyance Device
Cynthia Koenig, a business school graduate student at University of Michigan in Ann Arbor, created a rolling water barrel and started an enterprise to distribute the device in developing countries. Koenig plans to pilot test the device, called the WaterWheel, in India. The WaterWheel is a 20-gallon rolling plastic barrel that provides enough water for…
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Finance Friday: 18 February 2011
Here are recent angel and venture finance transactions for science- and engineering-based companies, as reported by Xconomy and elsewhere. Biomedical/Life Sciences Rosetta Genomics Ltd. in Philadelphia, Pennsylvania. MicroRNA-based molecular diagnostics. $6.0 million, equity. Versartis in Mountain View, California. Protein drugs for endocrine disorders. $21 million in Series B equity financing. Ivivi Health Sciences in San…
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Kauffman Grant Supports Seed Accelerator Network
The Ewing Marion Kauffman Foundation in Kansas City, Missouri was awarded a $200,000 grant to TechStars, a network of regional start-up business accelerator programs, based in Boulder, Colorado. The TechStars network began on 31 January as part of a White House initiative encouraging entrepreneurship. The Kauffman funding will be used by the TechStars network to…
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Life Science Commercialization Grants Awarded
The Life Sciences Discovery Fund (LSDF) in Seattle, Washington awarded some $600,000 in grants for the commercial development of technologies to improve the diagnosis and management of health conditions. LSDF is a Washington state agency that makes grant investments in life sciences research to benefit Washington state citizens. Christopher Bernards at Benaroya Research Institute at…
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Univ. Developing Prototype Air Passenger Liquid Scanner
A University of California at Davis professor is building a magnetic resonance device that can scan unopened bottles carried on airplanes by passengers. Matthew Augustine, a member of the UC Davis chemistry faculty, originally developed the technology to check the quality of wine. Augustine began experimenting with the technology some years ago to check sealed…
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Company Plans Robotic Lunar Mission
Astrobotic Technology Inc. in Pittsburgh, Pennsylvania has signed a contract with spacecraft company SpaceX to launch Astrobotic’s robotic payload to the moon on a SpaceX Falcon 9 rocket. The company says the mission could launch as soon as December 2013. The project is expected to search for water and deliver payloads, with the robot narrating…
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SBA Commits $2 Billion to Matching Small Business Capital
The White House says the Small Business Administration (SBA) will commit $2 billion in matching funds to private sector investment over the next five years in promising high-growth companies. The new funding is part of a White House small business initiative announced today that includes a proposal to make permanent a capital gains tax credit…