An innovative path out of biotech’s “valley of death” – STAT
So many promising medical innovations never reach their full potential as therapies or cures, languishing instead in a metaphoric place many of us in biotech know as “the Valley of Death.” This valley represents the gap between when a scientist makes a discovery and when that work has reached the point when a pharmaceutical company […]
VIPC Awards Commonwealth Commercialization Fund Grant to UVA for New Vaccine Platform for Infectious Diseases
RICHMOND, VIRGINIA, UNITED STATES, August 8, 2023/EINPresswire.com/ — The Virginia Innovation Partnership Corporation (VIPC) today announced that the University of Virginia (UVA) has been awarded a Commonwealth Commercialization Fund (CCF) grant for $75,000 in support of a commercialization project being conducted by Dr. Steven Zeichner. VIPC’s CCF programs have distributed more than $51 million to Virginia-based startups, entrepreneurs and […]
Kyoto University’s VC fund to invest $140m in AI and biotech – Nikkei Asia
Kyoto University-affiliated venture capital firm Miyako Capital has established a fund expected to raise roughly 20 billion yen ($141 million) to back startups involved in deep-tech biology and artificial intelligence. The fund will be one of the biggest vehicles of its kind in Japan, injecting between 500 million yen and 1 billion yen into each startup. Half the funds will go […]
5 lessons for academic founders swapping the lab bench for the boardroom | Sifted
Acareer in science no longer just means lab work, research papers and publishing in journals. More and more, scientific talent is entering tech by commercialising research and launching companies in everything from AI and quantum to drug discovery and carbon capture. But that brings with it its own challenges. Scientifically minded academics are usually more technical and […]
FACIT and T-CAIREM at the University of Toronto partner to commercialize medical AI
TORONTO, Aug. 2, 2023 /PRNewswire/ – Together with the University of Toronto’s Temerty Centre for Artificial Intelligence Research and Education in Medicine (T-CAIREM), FACIT announced a new partnership to commercialize artificial intelligence (AI) innovations. The partners intend to harness both T-CAIREM’s innovative translational research in AI and FACIT’s unique commercialization-venture model to build the next generation of Ontario biotechnology companies. The joint […]
Drexel Announces First Cohort of Innovation Fund Investments
Drexel University has selected the first Drexel-affiliated startups to receive support from its Innovation Fund. GrowFlux, an agricultural lighting technology startup, and SusMax, which produces lightweight aggregate construction material, will each receive $150,000 investments from the Fund, which was established in January. “Drexel is pleased to support the journeys of SusMax and GrowFlux through the Fund as they develop […]
State approves additional $5M for MSU-backed Michigan Rise pre-seed fund
An early-stage investment fund the Michigan State University Research Foundation administers received another $5 million in state capital that will go to support high-tech startup companies. The funding that the Michigan Strategic Fund board approved this morning adds to past allocations for the Michigan Rise Pre-Seed Fund III LLC, which initially received $6.5 million two […]
Why Startup-Corporate Partnerships Can Result In Mutual Success
There’s little doubt that startups around the globe come up with key innovations that drive the economy. However, many startups struggle with fundraising, hiring the right people, gaining new customers and entering new markets. On the corporate side, firms face increased competition as they strive to become more innovative and maintain a unique value proposition. […]
JAMA Health Forum Analysis: NIH dwarfed by industry on clinical trial spending
In a study published July 14 in JAMA Health Forum, researchers from Bentley University’s Center for Integration of Science and Industry calculated that the NIH spent $8.1 billion on phased clinical trials of drugs approved between 2010 and 2019—about 10% of what the pharma and biotech industry committed over roughly the same period. “This analysis confirms previous studies […]
XLerateHealth Selects 8 Healthcare Startups for 2023 Accelerator Cohort
XLerateHealth (XLH), a healthcare accelerator headquartered in Louisville, KY, with a second location in Flint, MI, selected eight startup companies to participate in the 2023 flagship accelerator program. The 2023 Cohort, which kicksed off Thursday July 13th, and will culminate with a virtual Demo Day pitch to investors, healthcare ecosystem partners, and the startup community on Thursday October […]