UAB spinoff to treat chronic respiratory disease announces $3 million seed funding
A biomedical research company founded by a University of Alabama at Birmingham physician-scientist has received $3 million in seed funding. ResBiotic Inc. — spun off from UAB last year — will use the money to develop and commercialize groundbreaking probiotic formulations for lung health, says founder C. Vivek Lal, M.D., an associate professor in the UAB Department of Pediatrics, Division […]
‘Howl-itosis’ a Problem? UArizona Inventor with TLA support Creates Bacteria Strain to Quell Bad Dog Breath
University of Arizona researchers have developed a harmless bacteria strain to battle bad breath in our furry friends. When administered orally, the additive produces a minty aroma that improves dogs’ breath, said inventor Eric Lyons, who developed the technology with co-inventor David Baltrus. Both are associate professors in the College of Agriculture and Life Sciences School of Plant Sciences. “The […]
Perceptive Advisors closes $515M fund to fuel more early-stage biotech startups
When Chris Garabedian set out early last year to raise money for a second Perceptive Advisors fund focused on early-stage biotech startups, it took just a matter of months to draw interest from investors willing to commit more than $1 billion total. The fund could have closed with that much money, maybe more, said Garabedian, […]
Duke University restructuring tech transfer, corporate partnership efforts | WRAL TechWire
Duke University is restructuring its technology transfer operations in a move the institution refers to in a statement as “sweeping.” The university aims to enhance the ability for its faculty and staff to commercialize their research while simultaneously spurring additional economic opportunity in the Triangle, it says. The initiative is known as the Research Translation […]
Huntington Avenue Ventures Announces $1M First-Close Investing in Northeastern University-affiliated Companies
Huntington Avenue Ventures, a new early-stage venture capital firm, today announced their first close. The fund, investing in Pre-Seed to Series A companies with an affiliation to Northeastern University, exceeded its first closing target of $1M USD. With a final target of $2M, it is the first fund focusing exclusively on NU and is amongst the many university […]
Boeing partners with Virginia Tech Innovation Campus, commits $50 million
$50 million, multiyear commitment from Boeing will help jump-start Virginia Tech’s effort to create the most diverse graduate technology campus in the United States, the university announced Tuesday morning. Boeing’s commitment will provide student scholarships, foster the recruitment of world-class faculty and researchers, and fund STEM pathway programs for underserved K-12 students looking to pursue […]
University of Alberta precision health and entrepreneurship platforms get a boost to accelerate innovation
Three University of Alberta projects have received funding from Alberta Innovates aimed at accelerating health innovation in the province. PRECISE, ADEPT and the University of Alberta Health Hub & Accelerator have been awarded support through the Health Innovation Platform Partnerships (HIPP) program. The program seeks to enable a health innovation ecosystem that is robust, co-ordinated and a competitive […]
Duke spin-out Isolere Bio raises $7M to push gene therapy purification technology – Triangle Business Journal
A Durham biotech startup that spun out of Duke University has raised $7 million in seed funding to scale up its purification technology for biotherapeutics. Isolere Bio Inc. announced Wednesday it has raised $7 million in equity from lead investor Maryland-based venture capital firm Northpond Ventures. The funding will allow for development, scaling up and […]
CVS Health Launches $100 Million Venture Fund
CVS Health (NYSE: CVS) today announced the launch of CVS Health Ventures, a dedicated corporate venture capital fund that will invest in and partner with high-potential, early-stage companies focused on making health care more accessible, affordable, and simpler. “Consumers deserve a better health experience, one that puts them at the center of cutting-edge, digitally enabled solutions,” […]
Startups Prove Ecosystem Power at IdeaFunding 2021 | Tech Launch Arizona
Of the four companies who made it to the finals of IdeaFunding 2021, Tucson’s premier pitch competition put on by Startup Tucson, three are startups that were founded to commercialize inventions developed at the University of Arizona – a visible and measurable indication that the UArizona entrepreneurial ecosystem is successfully connecting research, innovation and impact to launch the university’s […]