UTEC, one of Asia’s largest deep tech investment firms, launches new $275M fund | TechCrunch
The University of Tokyo Edge Capital Partners (UTEC), a deep tech investment firm, announced the first close of its fifth fund, which is expected to total 30 billion JPY (or about $275 million USD) by June 2021. UTEC currently has about $780 million in total assets under management, and says this makes it one of […]
Madison’s tech sector booms, driven by UW innovation
The strong growth of Madison’s technology sector is drawing attention nationwide. The boom is fueled in part by UW–Madison, which provides cutting-edge research, entrepreneurial graduates and researchers, and a well-educated local workforce that motivates some employers to open offices in Madison. In 2020, the country’s biggest tech migration increase took place in Madison, according to […]
Six named for spring Iowa Startup Accelerator
Six businesses will join NewBoCo’s Iowa Startup Accelerator as part of its spring program. The six companies will be Steel Therapeutics of Iowa City, Presaj of Cedar Rapids, Lotus Razors of Ames; Curbicus of Clear Lake; and Stagerie and Sevelyn, both of Clive. “Diversity seems to be a theme with this year’s cohort,” Managing Director […]
Student startups awarded $75,000 at WSU business plan competition
Student venture teams presented their business ideas last week and competed for $75,000 in prize money at an annual business plan competition hosted by WSU’s Center for Entrepreneurial Studies. More than 28 student venture teams, representing nearly 150 students across three leagues, participated in the virtual event Thursday. The top five teams of the competition’s […]
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 […]
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 […]
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, […]
‘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 […]
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 […]