With GAP fundng, UI professor creates urgent seizure treatment device
When an individual with epilepsy has a seizure, he or she needs quick delivery of an anticonvulsant drug. That’s why Max Baker, UI associate professor in the anesthesia department, has been working for two years on a rapid, easy-to-use, buccal drug delivery device for the urgent treatment of seizures. The buccal device sits between the […]
$500K grant will drive innovation at Penn State TechCelerator
U.S. Secretary of Commerce Penny Pritzker announced that the TechCelerator@State College is among the first of 26 recipients of the 2014 Regional Innovation Strategies program grants. Penn State received a $500,000 i6/Cluster Grant for Seed Capital Funds to further develop the TechCelerator@State College, a pre-accelerator that is specifically designed to allow technologists who have not identified […]
MassDevelopment issued a $175000 revolving bridge loan from the Emerging Technology Fund
MassDevelopment issued a $175,000 revolving bridge loan from the Emerging Technology Fund to Dynamo Micropower Corporation. Dynamo Micropower Corporation is a privately-held developer and manufacturer of fuel-flexible micro-turbine based power generation systems for the oil and gas industry, located in Somerville, Massachusetts.Dynamo has developed a scalable 15-75kW flexible-fuel, portable micro-turbine platform that meets the power […]
New grants to help UCF, Canvs launch $5M seed fund – Orlando Sentinel
U.S. Secretary of Commerce Penny Pritzker visited campus in person to unveil the new matching grants: $500,000 from the i6 Challenge program and just under $250,000 from the Regional Innovation Strategies Program. Pritzker said UCF is one of two universities in the U.S. receiving grants from both programs, because it has programs to support new […]
NJHF commits additional $1 million to fund research and innovation grants in N.J.
The New Jersey Health Foundation, a New Brunswick-based nonprofit that funds health research and innovation, on Monday announced a new $1 million funding round, $500,000 of which will fund a new collaboration with Newark-based Nicholson Foundation to help researchers commercialize their ideas. Jim M. Golubieski, foundation president, said the new Innovation Grants program will provide […]
Purdue Krannert students realize returns through startup venture fund
Purdue University students are acquiring real-world business experience by performing due diligence on startups applying for funding from the Emerging Innovations Fund, an evergreen fund created to accelerate the commercialization of Purdue’s early-stage innovations. The Krannert School of Management’s “Student Managed Venture Fund” course challenges students to complete reports on startups founded on Purdue innovations […]
Celgene, Eli Lilly to back $150M fund alongside NYC to invest in biotech
An unusual public-private venture capital fund targeting the biosciences is launching in New York with $150 million to deploy, three times the original goal. The Early-Stage Life Sciences Funding Initiative (a refreshingly literal name for tech investment funds) combines $10 million of New York City money with $140 million from the Celgene Corp. (NASDAQ: CELG), […]
Connecticut Bioscience Innovation Fund award $954,000 to MS test, cancer treatment
The state’s technology investment agency has invested nearly $1 million into a pair of university-based biotechnology research projects, including one at Yale, in an effort to speed their commercialization. Officials with Connecticut Innovations said Tuesday that the Connecticut Bioscience Innovation Fund (CBIF), which the agency manages, awarded $954,000 to the projects following a competitive review […]
Albany Medical Center to receive $520,000 for biomedical accelerator, seed fund
Albany Medical Center will receive more than $520,000 in federal grants from the U.S. Economic Development Administration to support biomedical research and commercialization of new medical products and technologies. In a statement, U.S. Senators Chuck Schumer and Kirsten Gillibrand said the hospital will receive $399,585 for its biomedical acceleration and commercialization center, which is expected […]
Tech Launch Arizona Hosts Summit of Leaders to Advance the Impact of Innovation
The process of taking inventions from university research and turning them into patents that can be converted into products and startup companies is long and complex. Given the uniqueness of each university’s research environment and its surrounding ecosystem of businesses, alumni, donors and entrepreneurs, nailing down “best practices” is not easy, either. But this week, […]