STC.UNM: STC.UNM’s Co-Investment Fund Invests $89,000 in EcoPesticides
Capital is the lifeblood of early stage companies. Thanks to the STC.UNM STC Co-Investment Fund, EcoPesticides International has just received a significant infusion. STC has invested $89,000 in the Albuquerque-based startup company that has licensed University of New Mexico UNM technology to make biologic-based “green” pesticides more effective in protecting against harmful pests while doing […]
Six Northeast Ohio Tech Startups Win $375,000 in Innovation Fund Awards
A wound healing business from Fairlawn, an Akron-based drone designer and manufacturer, and a Cleveland startup using the power of collective intelligence in a chat app are among the six technology companies to receive funding from the Innovation Fund. The awards, totaling $375,000, should help these fledgling companies validate their new technologies and prove their […]
LSU doubles investment in tech transfer for faculty projects
LSU is adding another $2 million into the LSU Leveraging Innovation for Technology Transfer, or LIFT2 fund, which provides grants to faculty members on a competitive basis twice a year, to validate the market potential of their inventions. The LSU Board of Supervisors approved the measure on Friday. “LSU faculty conduct research that has important […]
Indiana University’s Anagin is Spinning Up Success
Anagin, a company launched by two Indiana University scientists to develop a first-of-its-kind treatment to battle post-traumatic stress disorder, emerged from six finalists Tuesday to win the third annual BioCrossroads New Venture Competition. The contest, held in conjunction with the 2014 Indiana Life Sciences Summit at the JW Marriott hotel in Indianapolis, awards a $25,000 […]
Cornell University’s Binoptics sold to Massachusetts company for $230M
Ithaca laser-technology company Binoptics is being bought by M/A-Com Technology Solutions of Lowell, Mass., for $230 million in cash, the company announced Wednesday. Binoptics, in business since 2000 using technology developed at Cornell University, develops and makes semicondutor microchip lasers for equipment in the data and telecommunications industries that use light energy rather than electricity. […]
NC State’s Chancellors Innovation Fund Has Backed 23 Projects, Secured $4.2M in Follow-on Funding
In four years, 23 projects have earned funding from the CIF. The $1.3 million invested in them has generated $4.2 million in follow-on funding and $460,000 in licensing revenue for the university, as well as launching six startup companies. Each year, roughly 75 faculty members file CIF proposals. After initial screening, finalists pitch their technology development […]
North Dakota investor Dakota Venture Group backs marketing-tech startup Buzz360
Eagan startup Buzz360 has closed on $385,000 in financing with backing from North Dakota investors, including a student-run venture fund. The marketing-technology company will put the capital toward ramping up sales and marketing of its software. Dakota Venture Group, a Grand Forks-based fund run by University of North Dakota students, led the equity component of […]
Stony Brook Announces Four Finalists for Inaugural Discovery Fund Award
Sometimes you just have to do it yourself. That’s what theStony Brook Foundation did in establishing The Discovery Fund, which supports pioneering scientific breakthroughs with philanthropic giving in response to declining federal grants for basic research. Now, the finalists for the inaugural Discovery Fund Award have been selected and will compete for up to $200,000; the recipient(s) […]
Caerphilly start-up nudjed first company to get backing from the £7.5m Wales Technology Seed Fund
A start-up technology firm providing a personalised online health and wellbeing platform aimed at busy executives is the first company to receive backing from the Wales Technology Seed Fund. Nudjed has received a £125,000 equity investment from the fund, which is managed by Finance Wales on behalf of the Welsh Government. Based in Caerphllly the […]
UMass records best-ever year for startup businesses, $2M in POC Funding
The University of Massachusetts created six new startup companies within the past year, its best-ever annual performance, and set new records for patent applications and the number of faculty members disclosing inventions, President Caret said today. The new companies reflect the University’s increased focus on coaching, mentoring and providing other services and support to help […]