Partners HealthCare raises $171 million to invest in early-stage life science companies
Partners HealthCare System announced today the closing of $171.1 million in capital to invest in early-stage life sciences companies, which are a critical segment of the state’s innovation economy. The funds raised include $66.1 million in outside capital for Partners Innovation Fund II and a $105 million commitment from Partners institutions to Partners Innovation Fund. […]
Utah USTAR innovation center aimed at seeding aerospace startups
The Utah Science, Technology and Research Initiative, the state’s tech-focused economic development agency, will open the doors Friday on a new facility near Hill Air Force Base aimed at seeding new, Utah-based aerospace and innovation companies. The USTAR Innovation Center, located in Falcon Hill Research Park, can house multiple tenants, has co-working space and comes […]
Frazier Healthcare Partners raises $419M for life science venture fund, signaling huge interest in health investment
The U.S. healthcare system faces a myriad of challenges today, including uncertainty over federal regulation and shifting payer systems. You might expect that environment to give pause to many investors. But if Frazier Healthcare Partners’ latest round is any indication, investors aren’t wary of the health space — in fact, they’re chomping at the bit to get […]
Lockheed Martin places big bets on defense start-ups
When Chris Moran took over the internal venture fund of Lockheed Martin in June 2016, the nation’s largest defense contractor had already been investing in start-up technology companies for nine years. More than $100 million had been invested in 22 separate companies since the fund launched in 2007. But Moran, as the new executive director and general manager of […]
Merck and CDRD Announce Joint Investment in the Canadian Life Sciences Ecosystem
he Canadian scientific community gathered in Ottawa this week to engage in a national dialogue on science, technology and innovation policy at the annual Canadian Science Policy Conference. Just prior to the Keynote Address at this event by the Honourable Kirsty Duncan, Minister of Science, Merck Canada Inc. and CDRD – The Centre for Drug […]
Maryland TEDCO Awards Funds to Nurture Startups
TEDCO announced at the annual Entrepreneur Expo on Oct. 25 that it would award $125,000 to each of the six teams, which had emerged from a field of 51 applicants. Collaborative teams from around the state had accepted the incubation challenge, which the quasi-public entity opened in June with a promise to give $300,000 to […]
Amazon Catalyst program welcomed to Washington State University campus
Washington State University announces the launch of a collaborative program with Amazon titled Amazon Catalyst — a successful innovation grant program. Amazon will provide up to $300,000 to WSU to launch the initiative, providing funding and mentorship to support bold, globally impactful and disruptive projects proposed by members of the university community. The Amazon Catalyst program will […]
University of Michigan tech commercialization programs receive $2.66 million in state funding
A recent funding renewal will allow two University of Michigan (U-M)-administered programs to continue their mission of supporting collaboration among state universities and spinning off technologies developed at universities into startup businesses. The Michigan Strategic Fund – an oversight board for the Michigan Economic Development Corporation (MEDC) – approved $1.4 million for the Michigan Corporate […]
Consortium of companies, led by Northwestern Mutual, to fund startup accelerator program
Northwestern Mutual Life Insurance Co. announced today it is teaming up with Rockwell Automation, Kohl’s, Robert W. Baird & Co. and Milwaukee Institute to fund an accelerator program for early-stage Milwaukee startup companies. John Schlifske, chairman and CEO of Northwestern Mutual, announced the new program at a technology summit hosted this morning at Northwestern Mutual’s […]
U Chicago’s New Venture Challenge winner AMOpportunities lands $1.1M in seed funding
AMOpportunities, a Chicago-based startup that helps connect international medical students to short-term training programs in the United States, has raised $1.1 million in seed funding, the company announced Thursday. The startup, which won the University of Chicago’s New Venture Challenge in June, was founded in 2013 from a dorm room at the University of Wisconsin-Madison. The company […]