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.
University of Houston Professor Invents App to Diagnose Skin Cancer
The University of Houston division of research backed Dr. George Zouridakis with $50,000 in gap funding to support proof of concept work and to upgrade the app software for commercial application. Questions remain about the accessibility (or justification) of use by the general public with the associated cost of the necessary dermoscope hardware ($500). However, […]
MIT MISTI GLobal Seed Funds enable mult-disciplinary, multi-university collaboration
MISTI Global Seed Funds grants enable participating teams to spend time together, either at MIT or abroad, with the aim of developing and launching joint research projects. To date the funds have supported 304 projects through awards of $6M. This program is in line with the future vision of an open university approach with lower […]
Report challenges the role of public entities in innovation funding
Great example of what we are up against in securing continued innovation support from public entities. There is a natural, and understandable, tension in maintaining long-term commitment from sources that require tangible near-term, demonstrative impact for their supporters. It starts with shifting focus from a narrow, financial ROI mind-set to a larger discussion on community-building, […]
Wolverine Venture Fund sees return from $200K investment in IBM-acquired, Silverpop
The Wolverine Venture Fund, an investment vehicle run by students at the University of Michigan, is celebrating a win now that it has recorded its fourth profitable exit with the IBM’s acquisition ofSilverpop.
Seton Hall University Venture Fund Competition awards $10K in prizes
Seton Hall University’s Stillman School of Business‘ Center for Entrepreneurial Studies will award $10,000 in prizes at the annual Seton Hall University Venture Fund Competition. The public is invited to attend the competition, which will be held on Friday April 11 from 10 a.m. to 1 p.m. in Jubilee Hall Auditorium.
Texas State University start-up wins Rice University Texas Halo Fund Investment
SioTeX, an interdisciplinary team from Texas State University, won the Texas Halo Fund Investment Prize during the 14th Annual Rice University Business Plan Competition (RBPC) in Houston.
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 […]
Cambridge University sells stake in pharma spin-out for $5.3M
Cambridge University has pocketed millions of pounds on a seed investment it made seven years ago in a company that makes “test tube patients” for drug research. The university made £3.17m, more than 30 times its original investment, after selling its stake in Horizon Discovery, which grows batches of cells containing tailored DNA.
Vanderbilt University Plans For $50M Seed Fund
Vanderbilt University officials are drawing up plans for a $50 million pool of money that will finance strategic collaborations across campus in the coming years.