UCSD Von Liebig Center Graduate, Ortiva Wireless, is acquired
Israel’s Allot Communications (NASDAQ:ALLT), which optimizes data traffic and performance for both fixed and mobile broadband networks, says it is acquiring San Diego-based Ortiva Wireless, which specializes in optimizing video streaming across wireless networks. Financial terms of the deal were not disclosed.
UTexas Entrepreneurial Faculty Member Urges State to Support Start-up Funding
University of Texas professor James McGinity has defied the odds as an academic entrepreneur. In 1996, he and a colleague, Bill Williams, went in hock for $1 million to start a company, PharmaForm LLC, in a small building off Yager Lane. By the time they sold the company in 2007, it had 85 employees and […]
$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 […]
NY Dept of Health/Venture firms team up to support digital health
In unique public-private partnership, the state Department of Health has teamed up with venture capital firms to invest in health technology and push New York to the top of the growing field of electronic medical records.
Moody Foundation supports research at U Texas Medical Branch
The University of Texas Medical Branch announced a $25.5 million contribution from the Moody Foundation of Galveston. The commitment includes $16.5 million to complete the new Jennie Sealy Hospital’s intensive care complex on the university’s island campus. The rest of the contribution will benefit the exploration of research opportunities.
NIH announces translational research grants to support obesity and diabetes
The National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) encourages NIH Research Demonstration and Dissemination Project grant (R18) applications from institutions/ organizations to test practical, sustainable, acceptable, and cost efficient adaptations of efficacious strategies or approaches prevent and treat diabetes and/or obesity.
Ohio and Ohio State University talk about expectations related to their new venture partnerships
“Obviously, you’re making educated guesses on which companies will be successful, but we already do that through the private equity portfolio that we have, and we intend to run the innovation fund in a similar manner to how the other venture funds are run in the endowment portfolio,” said Golding. Golding said OU and Ohio […]
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.
Indiana University add translational research funding through Strategic Research Initiative
Indiana University Health and the Indiana University School of Medicine announced they will invest $150 million over 5 years in a new research collaboration, the Strategic Research Initiative, that will enhance the institutions’ joint capabilities in fundamental scientific investigation, translational research and clinical trials.
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.