$8.25 million Seed Fund for Early-stage Life Science Companies: BioCrossroads Forms Indiana Seed Fund II
INDIANAPOLIS, April 30, 2012 /PRNewswire via COMTEX/ — BioCrossroads announced today the formation of the Indiana Seed Fund II (the Fund), an early-stage capital fund focused on identifying, creating and developing the next generation of Indiana-based life sciences companies. The $8.25 million fund is a follow-on to the Indiana Seed Fund I, a $6 million […]
NUtech Ventures/UTDC uses proof of concept funding to support a promising imaging spin-out, Ground Fluor Pharmaceuticals Inc.
University Technology Development Corp. provided proof-of-concept funding to help move DiMagno’s imaging agents out of the lab and into clinical trials. Supporting the transfer of university technology to the marketplace, UTDC is a University of Nebraska affiliate and the parent company of NUtech Ventures.
Nanofiber lands $500K from TechColumbus
TechColumbus announced Tuesday it has stepped up its commitment to incubator tenant Nanofiber Solutions LLC with a $500,000 loan that will convert to equity, the largest to date from the current $2 million round of state-backed Pre-Seed Fund investments.
Ohio Third Frontier Fund puts $1M into advanced next-generation medical device company
EndoSphere Inc. today announced that the Innovation Ohio Loan Fund (IOLF) has awarded $1 million to support EndoSphere’s platform of noninvasive, endoscopically-implantable devices that treat metabolic diseases including obesity and type 2 diabetes.
MI pre-seed fund invests in 9 new start-ups
From official press release: ANN ARBOR, Mich., April 23, 2012 /PRNewswire via COMTEX/ — Nine Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling more than $2 million. To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones, has awarded 72 Michigan companies with seed funding totaling more than […]
New Mexico State University funds its first two launch projects
LAS CRUCES – A new program at New Mexico State University’s Arrowhead Center that aims to take near-to-market technologies being developed on campus and help speed their way to the public has picked its first projects to fund.
Florida Opportunity Seed Fund announces awards
Opportunity Fund awards are intended to support new projects (not supplement current research). Proposals must involve faculty from at least two departments/units/colleges and are limited to $100,000 for the entire project period (two years)
Gap Funding: A critical component of US innovation system
The most critical issue related to crossing the “valley of death” is the availability (or lack thereof) of resources for promising inventions. Perhaps the most significant resource shortage can be found within the University as a basic research breakthrough is disclosed. The best universities are putting specific gap funds and gap programs in place to […]