Tag: investment
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Top European Corporate R&D to Increase 5 Pct a Year
Leading R&D investing companies based in the EU expect their global research and development investments to grow by five percent annually from 2011 to 2013, according to a survey released today by the European Commission in Brussels. The findings by the EC’s Joint Research Centre are based on survey responses from 205 mainly larger companies…
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Baxter Sets Up Venture Fund for New Therapies
Baxter International in Deerfield, Illinois has established Baxter Ventures to invest in promising early-stage companies developing therapies that complement Baxter’s product lines. Baxter Ventures will make up to $200 million in equity investments and report to Norbert Riedel, the company’s chief scientific officer. Baxter is a developer of medical devices, pharmaceuticals, and biotechnology solutions. The…
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DuPont Acquires Nanotech Solar Materials Developer
The global chemical company DuPont says it has acquired Innovalight Inc. in Sunnyvale, California that develops silicon inks and process technologies to increase the efficiency of crystalline silicon solar cells. Financial terms of the acquisition were not disclosed. Innovalight’s silicon ink is made of silicon nano-particles dispersed in an environmentally friendly blend of chemicals, according…
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2011 Q2 VC Funding Up for Life Sciences, CleanTech Stalls
Venture capital (VC) funds and the number of VC deals increased in the second quarter of 2011 compared to the first quarter, with companies in the life sciences and semiconductors among those reaping the benefits. The data were collected by Thomson Reuters and published in the MoneyTree Report from PricewaterhouseCoopers LLP and the National Venture…
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Roche Acquires Cancer Diagnostics Company
The global pharmaceutical company Roche has acquired mtm laboratories AG in Heidelberg, Germany, which specializes in detection and diagnosis of cervical cancer. mtm will become part of Roche’s Ventana Medical Systems Inc. business unit. Under the agreement, Roche will pay mtm shareholders an upfront payment of EUR 130 million (USD 182 million) as well as…
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Venture Company to Invest in Early-Stage Science Enterprises
True North Venture Partners, a venture capital company in Chicago, unveiled today its $300 million investment fund and strategy. The company plans to invest in early stage companies in the energy, water, agriculture, and waste sectors — where products and services are often based on scientific research findings — with amounts invested ranging from $100,000…
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Fewer VCs in U.S. Raise More Funds in First Half of 2011
According to Thomson Reuters and National Venture Capital Association (NVCA), the number of venture capital companies raising money in the first six months of 2011 dropped sharply, but the amount of funds collected also rose sharply compared to the first half of 2010. Venture capital (VC) companies are often sought out to invest in early-stage…
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Global Study Identifies Top Mental Health Challenges
A large-scale study conducted worldwide has identified the top global challenges in mental health. A report of the study appears in the current issue of the journal Nature (paid subscription required). The Grand Challenges in Global Mental Health Initiative, led by the National Institutes of Health and the Global Alliance for Chronic Diseases, identified the…
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University Spin-Off to Develop Semiconductor Power Devices
Anvil Semiconductors Ltd, a company created by University of Warwick in Coventry, U.K., will develop silicon carbide (SiC) semiconductor power switches that promise to be smaller and more efficient than devices built on traditional silicon. The company was founded by Warwick engineering faculty Phil Mawby and Peter Ward, who designed the company’s development technology in…
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Venture Exits Down, Capital Volumes Up in Second Quarter
The number of companies backed by venture capital achieving liquidity fell in the second quarter of 2011, but the amount of capital raised in the process rose significantly in that period. These data on venture-backed exits — companies gaining financial independence, usually through merger and acquisition (M&A) or initial public offering (IPO) — are compiled…