Tag: investment
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Cleantech, Electronics Venture Funding Jump in 2010
Venture capital investments recorded a solid increase in 2010 over 2009, the first annual jump since 2007. Industries based on science and engineering were among the gainers, particularly clean technology and electronics. The statistics were contained in the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association (NVCA), based on data from Thomson Reuters.…
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Finance Friday: 21 January 2011
Here are recent angel and venture finance transactions for science- and engineering-based companies reported by CB Insights … Biomedical/Life sciences Fluidigm in South San Francisco, California. Medical devices and equipment. $5 million, debt Cognition Therapeutics in Pittsburgh, Pennsylvania. Discovery and development of small molecule therapeutics. $2.5 million, series A equity Adhezion Biomedica in Wyomissing, Pennsylvania.…
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Report: Tech Industry Clusters Help Build Regional Economies
A new report from the Brookings Institution, a public policy research institute in Washington, D.C., urges the nation’s governors to create innovative new businesses in their states by building on current clusters of enterprises rather than trying to steal companies from other states. The report says this strategy, documented with examples of science and technology-based…
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2010 Venture Fund Raising Drops to Seven-Year Low
According to a report by Dow Jones LP Source, venture capital (VC) companies in 2010 raised $11.6 billion in 119 funds, a decline of 14 percent compared to the $13.5 billion raised by 133 funds in 2009, and the lowest amount raised in seven years. VCs have been among the traditional equity funders of start…
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Report: Nanotech Can Cut Green Energy Costs
In a new report, a technology research company estimates the use of available nanotechnologies can significantly reduce the cost of producing energy from renewable sources. ABI Research in New York says that worldwide investment in renewable energy will top $2 trillion on a cumulative basis from 2010 through 2015, but over that same period using…
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IPOs, Mergers for Venture-Funded Companies Gain in 2010
The number and value of exit deals — where enterprises backed by venture capital (VC) become financially self-sustaining — increased sharply in 2010, compared to 2009. The compilation by Dow Jones VentureSource shows 514 exit deals took place in 2010 a 25 percent increase, with those deals netting $39.3 billion, a jump of 72 percent…
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Biotech Lands $5 Million Investment Deal
Compugen Ltd., a biotechnology company in Tel Aviv, Israel, said today that it will receive $5 million in R&D funding from Baize Investments Ltd., a private Israeli corporation that invests in medical technologies. Compugen is a drug and diagnostic discovery company that bases its work on automated (in silico) analyses and models, including computational biologic…
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Indiana Seed Fund Backs Biotech Start Up
A new biotechnology company, whose work is based on research from the labs of the Indiana University medical school, has received investment backing from an Indiana state fund supporting life science start ups. Aarden Pharmaceuticals in Indianapolis will get $250,000 in early-stage capital from the Indiana Seed Fund. Aarden is developing technologies that attack difficult-to-treat…
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Investor Company to Offer Cancer Therapy Development Funding
Mentor Capital Inc. in San Diego, California plans to extend its funding beyond cancer immunotherapy — its current specialty — to other leading cancer solutions. Its objective is to provide investments that fill the gap for therapies between initial lab development and their acquisition by major pharmaceutical companies. This middle stage is often called “The…
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VCs Expect More Deals in 2011, but Not for Science
A survey of U.S. venture capital (VC) investors shows expectations of more investments for entrepreneurs in 2011 across all company stages from initial seed funding to later stage rounds. More VCs expect investments to increase in technology-related companies, however, rather than those based on scientific discoveries. The survey of 330 VC investors was conducted in…