Purdue startup developing restorative oxygenation wound dressings receives $30,000 investment
A medical device startup commercializing a Purdue University innovation that delivers localized oxygen directly to wounds to promote and accelerate healing has received a $30,000 investment from a Texas health care seed accelerator. Mednoxa Inc., which has developed an over-the-counter restorative oxygenation wound dressing for ulcer and wound healing, was among nine health care companies selected to receive […]
Indiana University plots new VC fund amid agency revamp
Indiana University wants to do a better job helping startups affiliated with its community access capital, talent and office space. So it’s revamping a 20-year-old agency and gearing up to launch a new venture capital fund. Earlier this week, IU announced that it is reorganizing its Indiana University Research and Technology Corp., a not-for-profit organization […]
Rolls-Royce To Open Turbine Lab at Purdue University
s part of a public-private partnership Rolls-Royce will establish a $24 million turbine lab for compact gas turbine engines at Purdue University in West Lafayette, Indiana. Development and testing of next-generation turbine airfoils will be housed at Purdue’s Zucrow Laboratories, one of the nation’s largest university propulsion laboratory for research focused on reducing fuel consumption […]
India C-CAMP delighted to launch SEED fund in partnership with BIRAC
C-CAMP, India’s premier life sciences technology and innovation hub launched a SEED fund in partnership with the Biotechnology Industry Research Assistance Council (BIRAC). C-CAMP, India’s premier life sciences technology and innovation hub launched a SEED fund in partnership with the Biotechnology Industry Research Assistance Council (BIRAC). The Centre for Cellular and Molecular Platforms – C-CAMP, […]
Innovate Indiana Fund invests in early-stage payment-fraud analytics company
A high-tech company that detects payment-card fraud using machine learning and data analytics will be able to launch a product for merchants later in 2017. It will also be able to increase the size of its technical team that works on a product for banks and credit unions. Rippleshot received an investment from the Innovate […]
Purdue researchers receive Trask funding to commercialize new type of sodium batteries and novel antibiotic for chronic wound healing
Two Purdue University researchers will share $55,000 from the Trask Innovation Fund to further develop their innovations through the commercialization pipeline. Vilas Pol, an associate professor in Purdue’s Davidson School of Chemical Engineering and associate professor (by courtesy) in the School of Materials Engineering and an affiliate of Environmental and Ecological Engineering, received $35,000 for […]
InnovateIndiana/University Hospitals life sciences startup receives significant funding for developing novel therapeutics for COPD
Each year, more than 25 million people in the U.S. suffer from Chronic Obstructive Pulmonary Disorder (COPD), a life threatening disease that interferes with normal breathing. Although 80 percent of people who die from COPD are former smokers, approximately 3 percent have a genetic disorder (alpha-1 antitrypsin or “AAT deficiency”). To date, there is no […]
Two Purdue agricultural startups receive $100,000 from inaugural Ag-celerator fund
Two Purdue agricultural-based startups received investments totaling $100,000 from the Purdue Ag-celerator, a plant sciences innovation fund operated by Purdue Ventures, the capital access arm of the Purdue Foundry, with assistance from the Purdue College of Agriculture, Purdue Research Foundation’s Office of Technology Commercialization and the agricultural industry. Phicrobe LLC, a startup commercializing an innovative […]
Indiana University Plans Alumni Venture Fund, Taps Partnerships
Tony Armstrong recognizes the importance of forging alliances. It’s a core part of his job as the president and CEO of Indiana University’s Research and Technology Corporation—the university’s tech transfer arm—and as the assistant vice president in the Office of the Vice President for Engagement. Armstrong says partnerships are especially key to advancing innovation and […]
Indiana to propose $1B plan to boost innovation, entrepreneurship
Indiana Gov. Mike Pence on Thursday is scheduled to announce a plan to spend $1 billion over the next 10 years to boost innovation and entrepreneurship in the state. The plan centers on collaboration between government, research universities, communities and the private sector. Pence was set to publicly unveil the multi-pronged proposal at the eighth […]