{"id":9104,"date":"2012-04-18T10:12:29","date_gmt":"2012-04-18T14:12:29","guid":{"rendered":"http:\/\/sciencebusiness.technewslit.com\/?p=9104"},"modified":"2012-04-18T10:12:29","modified_gmt":"2012-04-18T14:12:29","slug":"breakout-labs-makes-first-early-stage-science-company-grants","status":"publish","type":"post","link":"https:\/\/technewslit.com\/sciencebusiness\/?p=9104","title":{"rendered":"Breakout Labs Makes First Early-Stage Science Company Grants"},"content":{"rendered":"

\"Money<\/a>Breakout Labs, a revolving investment fund in San Francisco that aims to support early-stage enterprises developing radical new technologies, announced its first six grants<\/a> yesterday. The fund is backed by the Thiel Foundation, established by entrepreneur Peter Thiel, a founder of online payments service PayPal and an early investor in Facebook.<\/p>\n

All of the recipient companies are early start-ups and developing platform technologies that can have a broad impact, but may lack an immediate commercial payback. The companies receiving Breakout Labs grants, each of $350,000, include:<\/p>\n

– 3Scan<\/a>, in San Francisco, developing a process of 3-D digital imaging of brain tissue, using knife edge scanning microscope technology researched at Texas A&M University that promises to be faster and less expensive than current methods.<\/p>\n

– Arigos Biomedical, in Mountain View, California, that Breakout Labs says is developing ways of cooling organs for long-term storage, which in combination with other advances in tissue engineering and stem cell therapies, could lead to making banked organs available to patients needing a transplant.<\/p>\n

– Immusoft<\/a>, in Seattle, a biotechnology company developing a process for programming a patient\u2019s immune cells to produce broadly neutralizing antibodies, developed in labs at California Institute of Technology.<\/p>\n

– Inspirotec<\/a>, in Chicago, devising a simple and inexpensive technology for monitoring air samples in public spaces for pandemics and epidemics, airports and stadiums for bioterrorism agents, and homes for allergens.<\/p>\n

– Longevity Biotech<\/a>, in Philadelphia, that Breakout Labs says is creating a new class of artificial protein therapies called hybridtides, targeted biologic-like molecules that are resistant to breakdown by natural digestive enzymes.<\/p>\n

– Positron Dynamics<\/a>, in Mountain View, California, developing the first mobile positron scanner for non-destructive detection of defects. A positron is the antimatter counterpart of an electron, and has the same mass as an electron but an opposite charge and magnetic moment.<\/p>\n

Breakout Labs uses a revolving fund model, where recipients may retain full intellectual property (IP) rights to their technologies, but assign a royalty stream or opt for a small investment in their companies. Another option for funded companies is to assign IP rights to Breakout Labs in exchange for a substantial royalty stream from future revenues.<\/p>\n

Read more:\u00a0Fund to Back Independent, Early Stage Science Companies<\/a><\/p>\n

Photo: Andrew Magill\/Flickr<\/a><\/p>\n

*\u00a0\u00a0\u00a0\u00a0 *\u00a0\u00a0\u00a0\u00a0 *<\/p>\n","protected":false},"excerpt":{"rendered":"

Breakout Labs, a revolving investment fund in San Francisco that aims to support early-stage enterprises developing radical new technologies, announced its first six grants yesterday. The fund is backed by the Thiel Foundation, established by entrepreneur Peter Thiel, a founder of online payments service PayPal and an early investor in Facebook. All of the recipient […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[31,21,86,74,38,24,64,77,105,47],"class_list":["post-9104","post","type-post","status-publish","format-standard","hentry","category-finance","tag-biomedical","tag-biotech","tag-engineering","tag-entrepreneurs","tag-grant","tag-investment","tag-life-sciences","tag-medical-device","tag-physical-sciences","tag-physics"],"_links":{"self":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/9104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9104"}],"version-history":[{"count":4,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/9104\/revisions"}],"predecessor-version":[{"id":9108,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/9104\/revisions\/9108"}],"wp:attachment":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}