Penn invests $50 million in biotech in a bold bid to build Philly’s innovation cluster
Without fanfare, the University of Pennsylvania has agreed to invest up to $50 million over the next three years in at least 10 biotech companies, the Inquirer has learned. The goal of the pilot program is to convince more local Ph.D.s and M.D.s to establish their companies near the school’s West Philadelphia campus, instead of moving to […]
University of Michigan’s Zell Lurie Commercialization Fund Invests in Neurable
The Zell Lurie Commercialization Fund (ZLCF) – one of five student-led funds at the Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies – announced that it has participated in the Series A round of breakthrough brain-computer interface (BCI) technology startup and University of Michigan spinout, Neurable. The ZLCF’s investment will support Neurable’s continued growth in the virtual reality and augmented […]
Trolley Venture Partners raises $4 million to invest in central Virginia startup companies
A new investment fund has been created to provide financial backing for early stage business ventures in central Virginia. Trolley Ventures said it has closed an initial fundraising round with $4 million raised. The partnership plans to immediately start making investments in promising, early stage companies in the region. “There is no shortage of companies […]
Oracle selects 5 startups for Israel accelerator program
Oracle today announced the second cohort of startups for the company’s six-month Oracle Startup Cloud Accelerator program in Tel Aviv. Oracle’s Startup Cloud Accelerator provides enriching, collaborative partnerships to enable next-generation growth and drive cloud-based innovation for startups throughout their journey. Managed by members of Oracle’s R&D team, the Oracle Startup Cloud Accelerator provides mentoring […]
TMC Innovation Institute Selected to Accelerate Innovation for Health Security, Medical Care
The Texas Medical Center’s Innovation Institute is one of eight accelerators selected by the U.S. Department of Health and Human Services (HHS) to drive advancements in lifesaving medical technologies that solve challenging problems from modern health security threats to daily medical care issues. The TMC Innovation Institute is a unique learning environment aimed at impacting […]
Princeton’s eLab accelerator bolsters student startup ventures
Speaking on the afternoon of June 11, she noted the campus’s relative calm after the frenzy of reunions and commencement. At the Keller Center, though, this is “when everything heats up,” said Martonosi, the center’s director and the Hugh Trumbull Adams ’35 Professor of Computer Science. “We get a big influx of incredibly high-energy people […]
U Arizona-focused venture fund makes its first investments
A new, early stage venture capital firm aimed at supporting University of Arizona technology spinoffs has made its first three investments. UA Venture Capital Fund LLC, founded earlier this year by Tucson businessmen Fletcher McCusker and Michael Deitch, made investments in startups Codelucida, which has developed error-correction technology for data storage drives; Regulonix, which is […]
Intraband Licenses Key WARF Technology for Defense and Industrial Applications
MADISON, Wis.–(BUSINESS WIRE)–Intraband, a mid-infrared laser manufacturer, announces an exclusive licensing agreement with the Wisconsin Alumni Research Foundation (WARF) covering high reliability and power per chip Quantum Cascade Laser (QCL) technologies. The WARF patents cover proven methods for consistently achieving industry leading optical-power emission at mid-infrared wavelengths from a single semiconductor chip using Metal-Organic Chemical […]
Samsung’s startup arm launches AI-focused fund for early-stage companies
Samsung’s making another big bet on artificial intelligence. The company on Wednesday said its Silicon Valley-based Samsung NEXT business has launched a new fund to invest in early-stage startups “solving AI problems, as well as those using AI to solve computer science problems.” The Q Fund doesn’t have a cap, but it falls under Samsung […]
Startup Licenses U Arizona-Invented Disruptive Biopsy Device
The University of Arizona has licensed the design for a next-generation needle biopsy instrument that utilizes electrosurgery and electrocautery to safely increase tissue sample volumes in minimally invasive biopsy procedures. The licensee is a startup company, Data Driven Diagnostics Sciences Inc., also known as D3Sciences, or D3S. The inventing team includes Dr. Michael Larson, resident physician […]