3 UK Universities,GSK, Astra, J&J link on $82M Research Fund
GlaxoSmithKline, AstraZeneca and Johnson & Johnson have joined with three leading British universities to create a new STG40 million pound ($A81.75 million) fund backing early drug research.The Apollo Therapeutics Fund, which aims to improve the speed and potential of university research being translated into new medicines, is a further example of a trend by Big […]
Moodoo Receives £20,000 Initial Funding From University of Oxford’s Saïd Business School Seed Fund
Moodoo, a get-together app, has raised an initial round of funding of £20,000 from The University of Oxford’s Saïd Business School Seed Fund. The fund, which invests in early-stage, alumni-founded companies, selected Moodoo as one of only three successful applicants for seed funding. Moodoo is officially slated to launch in India in the month of […]
Ann Arbor-based Millendo scores $62M investment
An Ann Arbor-based start-up drug company with roots in the University of Michigan scored a $62 million buy-in from outside investors because of its early work on treatments for several medical conditions, including some affecting women. The so-called Series B investment secured by Millendo Therapeutics follows an earlier round of investment that raised $16 million in 2012, company officials said. The $62-million […]
UI awards $625,000 in funding to help faculty members turn inventions into businesses
A desalination device that also creates electricity and a screening system to detect symptoms of delirium are among the University of Iowa faculty inventions that were awarded a total of $625,000 in gap funding by the University of Iowa Research Foundation (UIRF). In place since 2007, the UI Commercialization GAP Fund Program has been highly […]
U Michigan Spin-off Akadeum gets $1 million seed
There have been two recent votes of confidence for Ann Arbor-based Akadeum Life Sciences Inc., a 2014 spinoff from the University of Michigan. In October, it finished raising a seed round of $1 million, which will fund product development and beef up sales and marketing. Normally that would be the big news. But that was overshadowed by […]
University of Wisconsin FluGen snaps up $12 mln Series A
FluGen Inc., a biotechnology company developing a novel “universal” influenza vaccine, has completed a $12 million Series A financing. Venture Investors LLC, the Wisconsin Alumni Research Foundation (WARF), the State of Wisconsin Investment Board, and other new investors participated in this first institutional financing of the company, along with many of FluGen’s existing investors led […]
IDEA, Northeastern University’s Venture Accelerator, Announces Award Recepients
This past August, IDEA ventures pitched their business plans to IDEA’s Advisory Board with the goal being to receive Gap Funding of up to $10,000. This opportunity is available to ventures on a bi-monthly basis and each business plan is reviewed by IDEA’s student Investment Committee before being selected to pitch. IDEA’s Gap Fund is […]
Five local OH startup companies raised $275,000 from Innovation Fund at Lorain County Community College
Five local startup companies have raised $275,000 from the Innovation Fund at Lorain County Community College. Two companies received $100,000 non-recourse loans, which only need to be paid back if the companies are successful. The other three received $25,000 grants, according to a news release from the Fund. The loans went to Apollo Medical Devices […]
Indiana University to fund $300M in research
Indiana University will invest at least $300 million during the next five years in a new research program designed to develop transformative solutions to world problems. Titled the Grand Challenges research program, it will fund up to five large-scale research projects that will be selected through a competitive review process, the university announced Wednesday. Applications […]
University of Huddersfield funds support researchers developng new device to improve quality of care for young cancer patients
The ‘Hickman Lines’ or central line catheters, will be safely and comfortably hidden away in the harness, while still delivering the medication, including chemotherapy, to children. A DEVICE, developed through a collaboration by a team at the University of Huddersfield and a local charity, is set to improve the quality of care for child cancer […]