IBM, Comcast Back New Blockchain Startup Fund
Tech giant IBM and the venture arm of telecoms conglomerate Comcast are backing an investment fund focused on scaling early stage startups that help enterprises use blockchain technology. MState, a startup accelerator, aims to invest in blockchain startups globally and ultimately connect them with Fortune 500 customers, co-founder Rob Bailey told Bloomberg. The accelerator is seeking to […]
Academic-commercial collaborations see huge rate of Startup success in Ireland
More than 80 percent of collaborations between commercial and academic institutions since 2013 have resulted in successful startups, a report by Knowledge Transfer Ireland has found. The report also shows 26 new products and services have launched in 2016 from fully active and operating spin-outs. Spin-outs are companies that are based on ideas and products developed […]
IBM and University of Melbourne present seizure prediction system through POC project
Researchers from IBM and the University of Melbourne have developed a proof-of-concept seizure forecasting system that predicted an average of 69 percent of seizures across 10 epilepsy patients in a dataset. The system, which the scientists claim is “fully automated, patient-specific, and tunable to an individual’s needs”, uses a combination of deep-learning algorithms and a […]
University of Maryland start-up bought by Royal Phillips
A start-up company launched with technology licensed from the University of Maryland School of Medicine was bought by Royal Philips, the global health technology firm announced. Baltimore-based Analytical Informatics Inc. and its technology will be rolled into the Philips unit Philips Radiology Solutions, expanding its offerings more quickly. “Integrating Analytical Informatics’ software tools and applications […]
UnitedHealth launches venture fund as it tries to stay ahead of Amazon, Apple
For UnitedHealth Group the focus next year is more about getting ahead of potential competition from tech heavyweights such as Amazon and Apple than getting bogged down in the twists and turns of health reform in Washington. That was the underlying message from new CEO David Wichmann at the health-care company’s analyst day in New York. “People have asked me, ‘What’s […]
Cisco Innovation Challenge helps students launch their ventures
Everyone needs to do their part to conserve water. But what if entire communities could work together to eliminate the unnecessary waste of this valuable resource? That’s the idea behind Green Plant Framework/Aquifer Systems, founded by Joshua Parde. The system allows users to compare the total volume of water delivered from a municipal source to […]
GE Healthcare Completes Acquisition of U College London-supported Bioprocessing Start-Up
GE Healthcare has completed the acquisition of Puridify, a UK-based bioprocessing start-up focused on a nanofiber-based platform purification technology for biopharmaceutical production, GE Healthcare announced on Nov. 28, 2017. As part of the acquisition, GE Healthcare will gain Puridify’s technology, FibroSelect, which is complementary to the bead resins and chromatography membranes used in downstream bioprocessing. […]
Boeing launches ‘HorizonX’ startup accelerator programme
Global aircraft manufacturer Boeingannounced the launch of the Boeing HorizonX India Innovation Challenge 1.0—a three-month accelerator programme for startups working in the area of aerospace innovation in India. “The Boeing HorizonX India Innovation Challenge 1.0 is our attempt to channelize India’s incredible talent and entrepreneurial energy for the future of innovation in aerospace and related areas,” said Pratyush […]
Microsoft sponsoring free startup accelerator in northeast Wisconsin
Microsoft Corp. and others will sponsor a free accelerator program from Milwaukee-based gener8tor to fuel the growth of 10 northeastern Wisconsin startups each year, gener8tor announced in a news release Wednesday. Microsoft is sponsoring gBETA, a free version of gener8tor’s nationally ranked accelerator program that provides mentorship and coaching to startups. “Emerging companies need more than […]
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 […]