Insight Accelerator, Chicago Universities Team To Spur Start-ups
In the last 25 years, the engineers and designers at Insight Product Development have come up with a portable CT scanner and a wireless cardiac implant monitor. For the next generation of breakthrough medical devices, the Chicago design shop is turning to the area’s research universities and entrepreneurs. Insight is opening an accelerator program called […]
University of Illinois-UC announces Fall 2012 gap fund award winners
The Office of Technology Management (OTM) is very pleased to announce the granting of the second Proof of Concept (POC) Gap Funding Awards. A total of 44 projects from across the UIC Campus were submitted to the OTM for review. Eight finalists were then chosen to submit full proposals and “pitch” their product ideas to […]
University of Illinois-Urbana Champaign details proof of concept initiatives, recent recipients
There is a well-known funding gap between basic laboratory research and the resulting commercial products. Proof of Concept (POC) funding has proven to be a crucial element in bridging this so called “valley of death” between research and development. The goal of POC funding is to “de-risk” an invention such that the technology is more attractive for […]
U Chicago’s Philanthropic-supported proof of concept fund delivers $40,000 to move a streamlined approach to clinical trials
Thirteen-year-old Gilberto is suffering from refractory neuroblastoma, a tumor of the sympathetic nervous system that has dissipated throughout his body. Recently, he hit a roadblock in his treatment that is all too common at hospitals and clinics around the country. His doctor wanted to enroll Gilberto in a clinical trial. Alas, the trial was not […]
U of Illinois Urbana-Champaign and illinoisVentures coating start-up, Autonomic Materials, graduates and grows
A company seeking to commercialize “self-healing” technology for paints and coatings has graduated from the University of Illinois business incubator and moved to a site southwest of Champaign. Autonomic Materials, which uses technology developed by UI Professor Scott White and colleagues, has relocated to the former Syngenta Crop Protection facility 3 miles south of Bondville.
U Chicago Innovation Fund supports POC study for a predictive healthcare approach
This study demonstrated the usefulness and accuracy of VG-Bio’s system and helped the company in December 2011 to win a $75,000 grant from the University of Chicago’s Innovation Fund, which is administered by UChicagoTech. The grant is funding a larger proof-of-concept study that will help VG-Bio continue raising venture capital and move its product further […]
University of Illinois at Chicago Proof of Concept Gap Funding Awards Announced
A total of 80 highly innovative and commercially focused projects from all across the UIC Campus were submitted to the OTM in response to the call for POC Pre-Proposal applications. From the 80 projects submitted, 12 projects were chosen to advance to the Full Proposal stage of the initiative and 4 projects were chosen to […]
Northwestern Entrepreneur-In-Residence Testifies On Impact of Gap Funding To Pharma (Excerpt)
Excerpt from Dr. Andrew P. Mazar, Entrepreneur in Residence,testifies to the U.S. House of Representatives Committee on Science and Technology (Sub-committee on Research and Science Education). These comments reflect the need for and gap funding emphasis on development-intensive technologies, like Pharma.
Invest Illinois supports four Champaign-Urbana area start-ups
Four startup companies with ties to the Champaign-Urbana area have been approved to receive equity investments from the state’s new Invest Illinois Venture Fund.
Gap Funding Helps University of Illinois at Chicago Professors Commercialize Discoveries
Four technologies being developed by University of Illinois at Chicago researchers have been awarded the first UIC proof-of-concept gap funding grants, designed to help UIC faculty transition their inventions from the laboratory to the marketplace.