UNICEF announces addition of six start-up companies to 2018 investment portfolio
ix start-up businesses providing solutions to improve children’s lives using frontier technologies such as data science, virtual reality (VR), drones and artificial intelligence (A.I) will receive funding from the Innovation Fund, UNICEF announced today. The $12.6 million fund provides capital to emerging tech companies to develop technological solutions from frontier tech sectors that have the potential […]
Innovation Fund invests $575,000 in biotech companies @ U Chicago Polsky Center for Entrepreneurship and Innovation
The University of Chicago Innovation Fund announced plans to invest up to $575,000 into three biotechnology companies—ImmunArtes, Onchilles Pharma, and Oxalo Therapeutics. These latest investments bring the Innovation Fund’s total investment amount to over $6 million in 56 projects. On Friday, December 1, four finalists presented their proposals to the Innovation Fund advisory committee, which […]
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 […]
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. […]
Two University of Buffalo startups win $50,000 in FuzeHub commercialization competition
Two University at Buffalo startups have each won $50,000 in a statewide commercialization competition organized by FuzeHub, a nonprofit organization responsible for assisting small- to medium-sized manufacturing companies in New York State. Ferric Contrast Inc. founded by UB chemistry professor Janet Morrow, and NanoHydroChem LLC, co-founded by UB chemical and biological engineering PhD candidate Parham […]
Texas Medical Center Announces $25 Million TMC Venture Fund
The Texas Medical Center, the largest medical complex in the world, today announced the TMC Venture Fund, a $25 million initiative designed to support technologies and early-stage companies to flourish in Houston’s health care ecosystem and further the TMC’s mission to advance health, education and research. The Texas Medical Center unveiled plans for the TMC […]
CMU spinout Petuum gets nearly $100M in venture funding
Carnegie Mellon University artificial intelligence spin-off company Petuum Inc. has raised $93 million in a new round of venture funding led by Japanese telecommunications and internet giant SoftBank Group, Petuum co-founder Eric Xing said. Mr. Xing is a computer science professor on sabbatical from CMU, where he directed the Center for Machine Learning and Health. […]
Tucson Entrepreneurs Launch Venture Capital Fund Dedicated to University of Arizona
Founders of UAVENTURE CAPITAL, LLC today announced the launch of a new venture capital fund designed to support the commercialization of University of Arizona science, services and intellectual property. UAVC has been formed by Fletcher J. McCusker, the business driver behind the University of Arizona College of Pharmacy spin out SinfoníaRx, Inc., and the founder of the public company Providence […]
MIT’s $200M Venture Fund Invests In 7 Startups In Energy, Space And Smell
MIT’s big money venture fund for “tough tech” has opened its doors — and has announced its initial seven investments in areas ranging from alternative energy to space communications. First announced in October 2016, The Engine Fund seeks to invest in research-heavy startups that are more technologically demanding, and thus riskier, than those backed by […]