Five Long Island Biotech/Clean-Energy Start-ups Get $500K
The outlook is a little greener for five biotech and clean-energy startup companies thanks to half a million dollars in seed money from Accelerate Long Island and the Long Island Emerging Technologies Fund. Goddard Labs, Green Sulfcrete, PolyNova, SynchroPET and Traverse Biosciences each received a $50,000 grant from Accelerate Long Island’s Seed Fund and a […]
Florida Institute for Commercialization of Public Research funds unmanned aircraft start-up
The Institute for Commercialization of Public Research (the Institute) announced today that it has finalized a funding agreement with Altavian, an unmanned aircraft solutions provider that integrates engineering and manufacturing with services for federal, state, local, and commercial clients. The Institute works with Florida’s research universities and institutions to support new company creation and job growth, bridging […]
European VC, Epidarex, announces £50m into life sciences venture fund for university spin-outs
Investors keen to capitalise on British science have poured nearly £50m into a new venture capital fund. Epidarex, a specialist life science venture capital group, will on Thursday unveil a new £47.5m fund dedicated to UK start-ups, including university spin-outs. Backers include US drug giant Eli Lilly as well as King’s College London and other […]
Wayne State University gets $250K boost from local Detroit Innovate Fund
The Detroit Innovate Fund, a new fund to help launch local high-tech startup companies, has invested $250,000 in Detroit Materials Inc., a Wayne State University spinoff that hopes to make cast-steel parts for the military, mining and off-road markets. The company will use that money, and $150,000 awarded this month through a phase-one Small Business Innovative Research grant […]
QED Program launches seventh round of funding; to put near $1M in start-ups
As the University City Science Center’s QED proof-of-concept program launches its seventh round, one of its newest academic partners, The Pennsylvania State University, has expanded its involvement from the Medical College at Hershey to include its main campus at University Park. University Park hosts hundreds of life science researchers in colleges including the Eberly College […]
Allied Minds Plans London IPO; University Spin-outs to Benefit
Allied Minds, a U.S.-based company that commercializes research and inventions from universities, plans to raise about $140 million of capital from investors in a London listing, it said on Tuesday.
CIT GAP fund invests in therapeutics company
The Center for Innovative Technology announced today that its CIT GAP Funds closed an investment in Riogin, a Charlottesville-based company that has solved many issues related to peptide therapeutics. Riogin developed a technology platform that overcomes many of the problems connected to peptide therapeutics, which represents a growing portion of the market opportunity for big […]
Oregon BEST commercialization fund puts $25K into electric farm vehicle start-up
Oregon BEST has announced a new round of commercialization funding that is helping electric farm vehicle startup Rogue Rovers, LLC collaborate with Oregon Tech to design, test and build a semi-autonomous, all-terrain electric vehicle that can be used in specialty farming applications to improve pest management, reduce fertilizer waste and make it safer to operate […]
New VC firm to target technologies and start-ups from UCSD
A group of alumni from UC San Diego has created an early stage venture capital fund that will target startup companies created by university students, faculty and graduates. The modest, roughly $8 million Triton Technology Fund unveiled late Wednesday expects to provide capital to entrepreneurs looking to commercialize technology developed at the university.
FundersClub fills void for start-up investors
A fast-growing Indianapolis start-up called TinderBox is days away from securing its second investment from the nation’s first online venture capital fund, FundersClub. Just like a year ago, when the sales and marketing software company became the first non-Silicon Valley start-up to raise funds through the site, the money fills a gap in a region […]