XLerateHealth, U of L, UK and WVU to create medical technology platform
XLerateHealth LLC and three major universities are working together to create a hub that would help universities commercialize new biomedical technology. The Louisville startup accelerator is working with the University of Louisville, University of Kentucky and West Virginia University to create an online accelerator hub, and their leaders announced Thursday that they will use a […]
Indiana BioCrossroads forms $9M seed fund for life science startups
Indiana startup companies in life sciences, information technology and agricultural biosciences now have another source of early funding. BioCrossroads, an Indianapolis-based group that promotes and invests in the sector, said Wednesday it has formed a $9 million seed fund, its third such fund since 2004. Investors in the Indiana Seed Fund III include Eli Lilly […]
Keiretsu founder plans to push Philly angels for a new start-up pitch event
In Philadelphia, where finding a start-up investor is as tough as finding a Cowboys fan — or at least one who will admit it openly — the Angel Capital Expo could be considered an entrepreneur’s dream come true. The annual event by Keiretsu Forum Mid-Atlantic brings together the private-equity community with entrepreneurs looking for funding — […]
Arrowhead Innovation Fund makes first investment in a NM company
An Energy Star-rated technology, EVUS Inc. uses a unique proprietary design that harnesses the power of magnets for use in home heating. “EVUS is an excellent example of the type of high-quality investments that are possible in New Mexico,” said AIF Managing Director Estela Hernandez. “This technology will bring to market an efficient and cost-saving […]
Lockheed venture arm spreads its wings overseas
Lockheed Martin’s venture capital arm focused on emerging technologies has made its first investment outside the United States in Main Sequence Ventures, itself another emerging technology investment fund that is just a year old. Australia-based Main Sequence Ventures said Wednesday it closed an almost $232 million fund with Lockheed Martin Ventures among several backers that […]
Cigna Venture Fund for Healthcare Startup Growth
Bloomfield health insurer Cigna announced Wednesday it has committed $250 million to a corporate venture fund meant to spur healthcare startup growth. Named Cigna Ventures, the fund is aimed at investing in new, innovative healthcare companies focused on improving care quality, affordability, choice and more. Cigna said it will use the venture fund to identify early stage […]
Twelve Academic Technologies Selected for Science Center Proof-of-Concept Program
Twelve promising technologies developed at nine academic institutions across the tristate region have been selected as finalists for the University City Science Center’s QED Program. QED is designed to bridge the gap between academic research and product commercialization. Researchers from the Children’s Hospital of Philadelphia; Harrisburg University of Science and Technology; New Jersey Institute of Technology; Penn State College […]
UNM tech spinoff attracts $1.5M investment, backed by the State’s Catalyst Fund
A new cell screening and analysis technology that accelerates tissue-processing rates by up to 100-fold is nearing market, boosted by a $1.5 million venture investment in local startup BennuBio. The company is commercializing a University of New Mexico breakthrough in flow-through cytometers, or cell meters, which are used to rapidly analyze millions, and often billions […]
Alumni gifts to expand entrepreneurship at Loyola
In late July, Loyola received two gifts from alumni totaling more than $1.46 million. The gifts came from Nick Simon ’84, and the Frank family (George Frank ’50 and Tim Frank ’85) with the intention to further expand entrepreneurship at Loyola. Simon has more than 30 years of operating and investment experience in the biopharmaceutical industry, including at Genentech, […]
Taking Startups to the Next Level: TransUnion Partners with University of Chicago’s Polsky Center
A new partnership between TransUnion (NYSE:TRU) and the University of Chicago’s Polsky Center for Innovation and Entrepreneurship will take startups to the next level with the use of cutting-edge data assets. The program supports entrepreneurial innovation and provides University of Chicago students with access to TransUnion’s Startup Credit Kit, a suite of innovative solutions to support […]