Startup That Analyzes Bacteria in Feces Gets Backed by UChicago Fund
BiomeSense, a startup developing biosensors that can detect particular kinds of bacteria in patients’ feces that could help improve the efficacy of clinical trials, won the University of Chicago’s Innovation Fund finals and an investment of up to $250,000 from the college. The finals, which took place May 31, featured five startups that presented their […]
Deerfield Management pledges $65 million to Northwestern for drug development
Northwestern announced Thursday it is partnering with Deerfield Management, an investment management company, to launch Lakeside Discovery LLC in order to help develop new drugs. Deerfield, which pledged up to $65 million, will help shepherd potential drugs to the Food and Drug Administration to get them approved for human testing. Alicia Löffler, executive director of […]
$35 million in NIH funding launches health research accelerator with UChicago
The University of Chicago and UChicago Medicine are part of a new health research accelerator that has launched thanks to nearly $35 million from the National Institutes of Health. The Institute for Translational Medicine will work to improve people’s lives by pursuing research breakthroughs and getting those discoveries into the real world. “This vital initiative will help drive […]
$5 million donation to University of Chicago support startup education and immersion
The fund donated by Khosa will be used to establish the Rattan L. Khosa Student Entrepreneurs Program at the Polsky Center for Entrepreneurship and Innovation at the university. The program will help the students to convert their innovative ideas to successful business models. The initiative consists of four components through which financial aid will be […]
UChicago invests in tech startup company founded by Chicago Booth alumni
The University of Chicago has announced their next venture investments from the UChicago Startup Investment Program. Ascent Technologies, a regulation technology company that helps users build, manage and automate their compliance programs, received $315,000 from the University as part of their Series A financing rounds. Announced in 2016, the UChicago Startup Investment Program is an initiative in which […]
UChicago food allergy startup ClostraBio raises $3.5 million
Prof. Cathryn Nagler had been researching the physiological origins of food allergy and potential treatments for over 30 years, but she hadn’t considered the possibility of translating that research into a business. But just 15 months after considering that possibility and beginning her entrepreneurial career, she is the founder of a promising, emerging venture. Nagler’s new […]
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 […]
U Chicago’s New Venture Challenge winner AMOpportunities lands $1.1M in seed funding
AMOpportunities, a Chicago-based startup that helps connect international medical students to short-term training programs in the United States, has raised $1.1 million in seed funding, the company announced Thursday. The startup, which won the University of Chicago’s New Venture Challenge in June, was founded in 2013 from a dorm room at the University of Wisconsin-Madison. The company […]
UChicago, University of Illinois at Urbana-Champaign partner on major innovation initiative
The University of Chicago and the University of Illinois at Urbana-Champaign are launching a partnership dedicated to research and technology development for some of society’s most pressing challenges, from producing clean water to treating cancer. The partnership will bring about 100 faculty, researchers and students from Urbana-Champaign to collaborate with UChicago colleagues, entrepreneurs and industry leaders, […]
Northwestern alumnus bets big on nanomedicine through awards
David Kabiller wanted to pursue a career in medical research when he showed up at Northwestern University in the early ’80s on a tennis scholarship. The Deerfield native ended up studying economics and finance, getting an MBA at the Kellogg School of Management en route to a successful career on Wall Street. But he never […]