Interest: With an experimental therapy that could save "millions of lives," biotech startup XO1 Ltd. said it has raised $11 million in a Series A round of financing from Index Ventures. Index Ventures has formed the startup and invested in the young company from a $200 million fund closed in 2012 with capital from GlaxoSmithKline ($GSK) and Johnson & Johnson ($JNJ) to fuel new asset-focused drug companies.
Interest: New York wants to be Clean City, USA.
The city is deepening its investment in clean technology innovation with the launch of a 10,000-square-foot incubator in downtown Brooklyn, at 15 MetroTech, city officials told the Daily News.
Interest: The US Department of Energy’s (DOE) Advanced Research Projects Agency (ARPA-E) has announced two funding opportunities relating to solid-state lighting.
Both opportunities seek proposals for “transformational advances in wide-bandgap materials, device fabrication, and device architectures”, with the goal of enabling the development of high-voltage, high-current, single-die power semiconductor devices:
Interest: The U.S. EPA has announced more than $2 million in funding to 25 small businesses under its Small Business Innovation Research program, which funds innovative research resulting in new commercial products, processes and services that protect the environment, benefit the public and promote the growth of small businesses. Several biomass projects were awarded under the latest funding round. - See more at:
Interest: SPARKS, Md., June 13, 2013 — Brimrose Corp. has received two US Army contracts to develop chemical detection sensors based on imaging systems and quantum dots, the global photonics and high-technology company announced this week at CLEO 2013 in San Diego.
Interest: BOSTON (AP) — The University of Massachusetts-Amherst is receiving a $95 million state grant to help the school build and equip a new life sciences research facility.
The grant was announced by Gov. Deval Patrick and the Massachusetts Life Sciences Center, which was created under a 2008 law that called for a $1 billion capital investment in the industry over a 10-year period.
Interest: Purdue University’s hub of entrepreneurship and commercialization will be centralized at the Burton D. Morgan Center for Entrepreneurship.
The Purdue Foundry will open July 15 on the second floor of the 31,000-square-foot center, which already houses a certificate program in entrepreneurship and innovation and business plan competitions.
Interest: Project Title: myVisionTrack™ Home Vision Monitor
Related Award(s): 1R43EY020016
Technology Developed:
A Shape Discrimination Hyper-Acuity (SDH) algorythm developed at the Retina Foundation of the Southwest was licensed and then modified for delivery on the Apple iPhone and iPad. This was then extensively tested in both cross-sectional and longitudinal Studies which showed that the home test results were highly correlated with traditional administered Snellen Chart testing in the clinic, and t
Interest: Brian Wilson’s has invested hundreds, if not thousands, of dollars into his latest film project, “Odes and Ends.”
He’s spent the past 10 years of his life carrying around a super-8 film camera, recording snips and clips of every day life. He’s used the footage to put together a few different films, and his latest effort takes what remained and uses it to create a narrative of its own.
Interest: When a professor from a small liberal arts college in central Pennsylvania decided to take on a massive research project two summers ago, he went through the usual, often futile, process of applying for federal and private grants. But when funds were short a year later, he went down a nontraditional route -- turning to the public and the Internet for help.
Interest: In many ways, Michigan looks a lot like Wisconsin. It shares hundreds of miles of the same Great Lakes shoreline, and usually votes “blue” in presidential elections and “red” when it chooses governors and its state legislature. It also boasts major research universities that rank among the nation’s best.
Unlike Wisconsin, however, Michigan began investing in its emerging economy years ago — even as the state’s automobile manufacturing base was teetering on the edge of collapse
Interest: Campuses at the University of Texas, such as the MD Anderson Cancer Center in Houston, can boast of star-studded faculties to rival the innovative scientific leadership at UC San Francisco, UC Berkeley and Stanford University. In 2009, the 15-institution University of Texas system was second only to the powerhouse University of California system in the number of patent applications filed, startups spun out from campus inventions, and research dollars raised.
Interest: Media company Bloomberg is launching its own venture capital fund, called Bloomberg Beta today. With the fund, the company is putting aside $75 million to invest in early-stage startups. The fund has already put money into nine companies and is being led by Roy Bahat, chairman of video game hardware startup OUYA and former head of IGN Entertainment.
Interest: SAP will announce Thursday that it plans to increase the size of SAP Ventures’ $155 million HANA fund to $405 million as part of a broad effort to “define what a next-generation corporate venture capital organization looks like,” SAP Ventures Chief Executive Nino Marakovic told VentureWire.
Interest: Merck KGaA signaled Thursday that it will make a bigger commitment to investing in emerging biotech companies. The German company is giving its corporate venture capital fund MS Ventures a boost--raising its funding level to €100 million ($129 million) from an initial investment level of €40 million ($51.6 million) when the fund was first established in March 2009.
Interest: The state's still-emerging high-tech economy saw developments on several fronts last week, creating optimism that years of talk might finally yield significant action.
■The state Assembly — viewed by many as the biggest hurdle to a long-awaited venture capital bill — overwhelmingly approved a $25 million plan to set up a state-sponsored fund.
■Cellular Dynamics International Inc., the Madison maker of fully functioning human cells in industrial quantities, filed with federal securities regulat
Interest: An enthusiastic, mixed bag of people gathered in the European Commission’s conference room at the Charlemagne building last week. They were there to discuss the opportunities and risks presented by the recent rapid rise of crowdfunding. The industry grew by nearly 80 percent last year and is now an important financial vehicle for startups, SMEs and cultural projects.
Interest: Forget chemicals or pills in the fight against nasty bacterial infections. Entrepreneur Mark Spiecker is betting that the secret lies with sharks.
Those fast and carnivorous fish just happen to have microscopic textures on their skin that make them highly resistant to barnacles, algae and, surprisingly, most human bacteria.
Interest: Innovation funding has become a reality in Iowa. HF 615 was approved by the Iowa Legislature and signed by Governor Branstad today. HF 615, originally named the Iowa Innovation Fund, fills the critical gap between angel and venture capital funding for emerging Iowa businesses. It is often referred to as “next stage” funding because it provides capital for businesses to evolve and move forward. HF 615 will help strengthen early stage funding in Iowa’s financing continuum by leveraging up to $32 m
Interest: University of North Carolina Wilmington’s new Seahawk Innovation Fund will be one important component of an “innovation campus” that will take root at the university’s Center for Innovation and Entrepreneurship.
That’s according to entrepreneur Tom Looney, the keynote speaker at a program Wednesday about Becoming an Investor-Ready Entrepreneur. The all-day forum was held at UNCW.
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