Interest: Wealthy funders, known as venture capitalists, are starting to pour millions into local technology start-ups. It is a global phenomenon that is fast cottoning on in SA. FM finds out more about attempts to create SA’s own Silicon Valley
Interest: “A Stanford M.B.A. named Roy Raymond ... comes up with an idea for a high-end place ... and calls it Victoria’s Secret. After five years he sells the company to Leslie Wexner and The Limited ...Happy ending, right? Except two years later, the company’s worth $500 million and Roy Raymond jumps off the Golden Gate Bridge.”
Interest: The Eureka Project, the small-business incubator located at the University of Manitoba’s Smartpark Research and Technology Park, has completed a major expansion that will double its capacity for helping businesses in need of a boost.
Interest: Aurora Spectral Technologies LLC, a startup company founded by University of Wisconsin-Milwaukee associate professor Valerica Raicu and Thomas Mozer, has reached license and equity agreements for technology developed at UWM through the university’s research foundation. The company also has raised $400,000 from Milwaukee-area angel investors.
Interest: SOUTH BEND - 1st Source Bank will sponsor an annual award of up to $20,000 for researchers at the University of Notre Dame and Indiana University School of Medicine-South Bend who have successfully commercialized new technologies.
Interest: AUSTIN, Texas — Dr. Robert M. Metcalfe, an icon of entrepreneurial engineering and inventor of today's local-area networking standard, Ethernet, has been selected to lead innovation initiatives at The University of Texas at Austin Cockrell School of Engineering.
Interest: Avid Radiopharmaceuticals Inc., a local biotech start-up rooted in a doctoral student's desire to find an early diagnosis for Alzheimer's disease, is being purchased by Eli Lilly & Co. for an initial $300 million.
Interest: The University of Maryland Baltimore County said Monday it is partnering with Northrop Grumman Corp. to set up a cybersecurity incubator to lure startup businesses from all over the country to the campus.
Interest: The University of Maine has been granted $533,000 by the Maine Technology Institute to fund research of personal protective equipment and hardwear designed to facilitate rehabilitation following an injury.
Interest: Have you ever come up with a good idea and jotted it down on a scrap of paper, only to forget the idea later? Maybe you've pondered how much to charge for Grandma's china at a garage sale and wished for an easy way to find a fair price.
Interest: Even though some capital has returned to private investors -- thanks to a recent round of exits -- this cash is not replenishing the pot for startups. Instead, "tortoise companies" that have grown slowly and steadily for several years will suddenly find themselves ready to compete for capital. Unfortunately, if the tax break was designed to stimulate job creation, it will fail.
Interest: Kenneth J. Blank was named senior vice provost for research and graduate education at Temple last spring, after serving as vice provost for research at Boston’s Northeastern University and Drexel University. Upon his arrival, he launched a rigorous agenda to meet with all faculty, chairs and deans to familiarize himself with the research and creative work of the Temple community. His goal is to build and implement a new direction for growing the university’s research enterprise. He recently discussed his vision for research and graduate education at the university with the Temple Times.
Interest: MICHAEL KATZ of Arizona-based venture capital (VC) firm, TCF Capital spends his time hearing presentations by developing companies seeking investment, often from up to 60 firms in the course of a single day.
Interest: RESEARCH TRIANGLE PARK, NC – B3 Bio Inc., which is developing a new class of medicine using small RNA molecules, has raised $5.7 million selling shares, according to a regulatory filing. The company, part of the Hamner Institutes for Health Sciences accelerator program, is led by CEO, chair, and co-founder Dani Bolognesi, who founded Durham-based Trimeris Inc. (Nasdaq:TRMS).
Interest: Gov. Jan Brewer visited NAU on Oct. 15 to announce the 2-year-old partnership between the university and the Northern Arizona Center for Entrepreneurship and Technology (NACET) would be getting a major financial boost, $1 million, drawn from Arizona’s share of the 2009 federal Recovery and Re-investment Act, more commonly known as the “stimulus package.”