Invent Penn State awards $200K to four campuses
As part of its Invent Penn State initiative, Penn State today (Feb. 5) announced four new seed grants, each valued at $50,000, designed to bolster entrepreneurship and economic development in communities surrounding Penn State campuses across the Commonwealth. With today’s announcement in the Pennsylvania State Capitol, the University’s effort has grown to include 21 hubs for innovation […]
The University City Science Center is backing development of NJIT’s novel bone graft tech
Treena Arinzeh, director of NJIT’s Tissue Engineering and Applied Biomaterials Laboratory, has been awarded a grant from the University City Science Center in Philadelphia to help commercialize technology she is developing to reduce the recovery time and cost associated with bone grafts. Arinzeh received $100,000 from the Science Center’s QED Proof-of-Concept Program, which NJIT is […]
Science Center’s QED Program Awards $600,000 to Advance the Commercialization of Three University Technologies
Researchers improving the efficiency of bone graft procedures, developing drugs to address treatment-resistant cancer, and advancing research to reverse the invasive potential of cancerous cells will receive a total of $600,000 from the University City Science Center’s QED Proof-of-Concept Program. The program, started in 2009 and now in its tenth round of funding, supports novel […]
Summer Founders Program offering $10,000 to accelerate Penn State startups
The 2018 Summer Founders Program will provide Penn State entrepreneurial teams with $10,000 to work on their startup, social good or nonprofit idea full time in State College over the summer. Applications open Feb. 1. A signature program of Invent Penn State, Summer Founders is a 13-week accelerator that provides teams the funding, resources and […]
CMU spinout Petuum gets nearly $100M in venture funding
Carnegie Mellon University artificial intelligence spin-off company Petuum Inc. has raised $93 million in a new round of venture funding led by Japanese telecommunications and internet giant SoftBank Group, Petuum co-founder Eric Xing said. Mr. Xing is a computer science professor on sabbatical from CMU, where he directed the Center for Machine Learning and Health. […]
University City Science Center QED Program Call for Submissions for $2M+ in funding
The University City Science Center is seeking proposals for its QED Proof-of-Concept Program. Academic researchers with technologies ripe for commercialization, and who are affiliated with the 21 partner academic and research institutions in Pennsylvania, New Jersey and Delaware, are encouraged to submit proposals. QED, now in its tenth round, is the first multi-institutional proof-of-concept program […]
Invent Penn State’s Fund for Innovation awards $75,000 to Persea Naturals
One of the latest ventures to come out of Penn State, Persea Naturals, began with an unintended discovery. Gregory R. Ziegler, professor of food science in the College of Agricultural Sciences, was extracting starch from avocado pits when he noticed something interesting. When avocado pits are pulverized, an enzymatic reaction produces a bright orange color. […]
New investment fund is targeting drug development at the University of Pittsburgh
University of Pittsburgh Chancellor Patrick Gallagher’s efforts to hotwire the region’s fledgling life sciences industry is getting a spark from a new seed capital fund targeted to helping develop new medications. The Pittsburgh Revolution Fund is soliciting $200 million, which will be made available in the form of investments in drug research teams with the […]
Penn State startup Virolock Technologies secures $75,000 in funding
When facing an outbreak of an infectious disease like Zika, influenza or Ebola, early detection and isolation of the virus is critical. A new Penn State startup is working to tackle this challenge with truly remarkable technology. As a viral outbreak begins to spread, those with recent infections may not yet show symptoms, and unknowingly […]
Invent Penn State’s Fund For Innovation helps start seven new ventures
A little less than two years after the launch of the Fund for Innovation, Invent Penn State has backed nearly 50 emerging Penn State technologies and has provided startup funding to promising new ventures that were born out of the program. “Although many universities have commercialization programs,” said Vice President for Research Neil Sharkey, “the […]