Penn cell therapy spinoff Cabaletta Bio of Radnor raises $38 million
Cabaletta Bio Inc., a biopharmaceutical startup spun out of the University of Pennsylvania, has raised $38 million in an equity financing and signed an exclusive license agreement with Penn related to T cell therapy. In addition, the Radnor-based company has entered into two multiyear sponsored research agreements with Penn for the discovery and development of […]
Keiretsu founder plans to push Philly angels for a new start-up pitch event
In Philadelphia, where finding a start-up investor is as tough as finding a Cowboys fan — or at least one who will admit it openly — the Angel Capital Expo could be considered an entrepreneur’s dream come true. The annual event by Keiretsu Forum Mid-Atlantic brings together the private-equity community with entrepreneurs looking for funding — […]
Penn State’s Lab Bench to Commercialization 2018–19 grant recipients announced
With support from Invent Penn State, the Penn State Research Foundation, and the University’s Fund for Innovation, the competitive Lab Bench to Commercialization (LB2C) program provides funding for researchers in the Eberly College of Science — enabling them to enhance the commercial potential of ongoing research and prepare them to translate their intellectual property to […]
Twelve Academic Technologies Selected for Science Center Proof-of-Concept Program
Twelve promising technologies developed at nine academic institutions across the tristate region have been selected as finalists for the University City Science Center’s QED Program. QED is designed to bridge the gap between academic research and product commercialization. Researchers from the Children’s Hospital of Philadelphia; Harrisburg University of Science and Technology; New Jersey Institute of Technology; Penn State College […]
Pitt Marks Another Record-breaking Year in Innovation
A disposable surgical retractor system that decreases time in the operating room. An antidote for carbon monoxide poisoning that removes potentially deadly CO from the blood more effectively than current hyperbaric treatment. An augmented-reality patient simulator that enables health care trainees to practice and perfect clinical skills safely and on-demand. These and 20 other innovative and impactful discoveries — all developed […]
Pitt professors pursue new projects with Pitt Seed grants
Pitt is investing in change this summer, beginning with projects from professors at the University. The first-ever Pitt Seed Project awarded a total of more than $1 million to 23 programs designed to play an instrumental role in transforming the University. The grants will fund a wide range of faculty-proposed studies, community partnerships and workshops, […]
Pitt startup working to treat carbon monoxide poisoning raises $5 million
A year-old University of Pittsburgh startup company has raised $5 million in Series A funding as it develops an antidote for carbon monoxide poisoning. Tus Science & Technology Service Group of China led the funding round for Globin Solutions Inc. with participation from UPMC Enterprises, the commercialization arm of the Downtown-based hospital and health insurance […]
Penn State-Monash collaboration progresses, seeks proposals for seed funding
The Monash-Penn State partnership began in the early 1990s and has since evolved to an institutional level. The collaboration now includes strategic work on common areas of research to better leverage the capabilities of both universities. “Penn State and Monash have committed to a strategic partnership focusing on teaching, research and service, using the complementary […]
Invent Penn State’s Venture & IP Conference showcases disruptive innovations
Following an extraordinary debut in 2016, this year’s Invent Penn State Venture & IP Conference, held April 19-20 at the Penn State Hotel and Conference Center, attracted more than 600 participants, including 80 startup companies and more than 40 venture capitalists and industry advisers — all working together to drive innovation, foster collaboration and enable startup […]
University of Pittsburgh opens Big Idea Center as hub for innovation
On the 10th anniversary of Pitt’s Randall Family Big Idea Competition, the university’s Innovation Institute announced the formation of The Big Idea Center. The Center will gather several existing University programs including the Randall Family competition, Blast Furnace and a series of “student blitzes.” Blast Furnace considers itself a “student idea accelerator,” using mentorship to […]