Lockheed Martin Ventures, Sumitomo’s Presidio Ventures back Diffraqtion – Aerospace Manufacturing and Design
Diffraqtion, an MIT and University of Maryland spinout building quantum camera platforms for defense and space sensing, announced strategic investments from Lockheed Martin Ventures and Presidio Ventures, the venture arm of Sumitomo Corp., bringing total funding to over $10M. Following strong investor interest, Diffraqtion elected to cap its pre-seed, which also includes SBI US Gateway Fund […]
Congressman secures $3 million for UTC’s Translational Research Program
Congressman Chuck Fleischmann has successfully secured $3 million in federal funding to advance the University of Tennessee at Chattanooga Translational Research Program. This significant investment underscores UTC’s commitment to pioneering research and innovation that directly benefits the community and the region. The funding, awarded as part of a federal appropriations package, will support UTC’s efforts […]
How MIT Sandbox has turned student ideas into $8.7 billion in global impact | MIT News
Although Jacob Becraft had two swings and two misses when he first tried to become an entrepreneur as a graduate student, the MIT Sandbox Innovation Fund Program allowed him to keep at it. This especially benefited cancer patients, as Becraft went on to co-found Strand Therapeutics: a $550-million firm whose programmable mRNA drug has shrunk […]