Interest: PORTSMOUTH — Does New Hampshire need a state-backed investment fund to help cash-starved start-up businesses?
Mark Galvin, the managing director and one of the founders of the New Hampshire Innovation Commercialization Center, believes it's a question that state lawmakers and economic development officials should take seriously for a simple reason — the significant drop in venture capital funding over the past two years for start-up companies is threatening long-term economic growth and job creation.
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Annmarie Lanesey moved her software startup into The Sage Colleges’ business incubator in September to gain access to people who can help her company grow faster.
Interest: Fewer new businesses are getting off the ground in the U.S., available data suggest, a development that could cloud the prospects for job growth and innovation.
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The Maryland Technology Development Corp. (TEDCO) awarded its 100th University Technology Development Fund project and the funding of eight projects totaling $400,000 in grants.
Interest: JUPITER — Florida Atlantic University has been awarded $725,000 in Clustering Grants and a Scholars Boost Grant provided by the New Florida Initiative—the State University’s collaborative effort together with business and government to deliver the economic talent and innovations that Florida needs to be globally competitive.
Interest: Orasi Medical Inc., a University of Minnesota-bred software startup, has raised $1.8 million from the sale of equity, according to documents filed with the Securities and Exchange Commission.
Interest: According to an announcement made by General Electric on November 16, the company and its partners will invest $55 million into a dozen energy-focuses start-ups. A total amount of $200 million will be invested by GE and four venture-capital firms – Rockport Capital, Foundation Capital, Emerald Technology Partners, and Kleiner, Perkinsk, Caufield & Byers – under GE’s Ecomagination Challenge in companies looking to increase the efficiency and reliability of the grid. This initial investment will be followed by later, said GE chief executive Jeff Immelt.
Interest: The Iowa Power Fund has awarded three energy projects in the state more than $4.2 million. The decisions were made yesterday during the board meeting which took place at Grand View University. When combined, the three projects will generate an additional $21 million in leveraged funds. To date, the Iowa Power Fund has awarded more than $47 million to 37 projects focusing on energy research and development, early stage commercialization and education.
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Having scoured the globe via the Internet for promising power grid technologies, General Electric today said it and its partners will invest $55 million to into 12 energy-focuses start-ups.
Interest: A nonprofit venture capital group from Lincoln said Tuesday that it would supply seed money to MRail, a company developed by two University of Nebraska-Lincoln researchers to make railroad rails safer.
Interest: A new program in the business incubator off the University of Maryland, Baltimore County, campus could mean new jobs in a growing field for the region.
The university is partnering with Northrop Grumman, a global defense contractor, to attract fledgling cyber security businesses.
Interest: After missing one scheduled appearance because of weather and showing up late on another try, David Miller, vice chancellor for research and commercialization for the Texas Tech University System, finally got to make a formal presentation Thursday before the board of the Odessa Development Corp.
Interest: You have a patentable idea and think there is a large market for this technology; now you must be able to navigate the university tech transfer or tech commercialization office. David Anthony, venture capitalist, who has licensed over a dozen patents from universities and research labs across the world, will lead a discussion on the complex, and often frustrating, process of technology transfer. This session aims to educate academic researchers on the role of the tech transfer office in the commercialization process and highlight some of the challenges encountered by both scientists and tech transfer officers in order to enhance the communication between these two groups. Local tech transfer officers will contribute to the discussion.
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The UMKC School of Law has launched the Solo and Small Law Firm Incubator to provide newly minted lawyers help starting their practices. The school has made space available at one of its buildings at 47th Street and Troost Avenue and expects its first wave of applicants to be in place by Jan. 1.
Interest: COLUMBIA - The MU Life Sciences Business Incubator learned Wednesday it has received international recognition from the National Business Incubator Association, or NBIA. The NBIA recognized MU's incubator for its high standards and its practice requirements. The goal of the incubator is to bring companies from all over the world to Columbia in order to strengthen economic development.
Interest: The latest set of directions on Garmin’s GPS units leads to Kansas University’s West Campus.
The leader of the Bioscience and Technology Business Center on KU’s West Campus confirmed Wednesday that Olathe-based Garmin Ltd. has signed a deal to open a software office in the incubator. The office is expected to open in January and will include 12 to 15 software employees.
Interest: Yale University spinout NovaTract Surgical LLC is the first company to land financing from Connecticut Innovations’ $4 million Pre-Seed Fund, launched in September. The New Haven, Conn.-based medical device company has taken in $150,000 from the fund and from LaunchCapital’s matching funds.
Interest: As we count down the remaining days of 2010, I'd like to briefly reflect on the recent history and future of innovation and commercialization at CSU.
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