Duke University gets $130 million in funding to accelerate drug discovery
Duke University and Deerfield Management Company, a healthcare investment firm, have created a major translational research collaboration with $130 million in funding. By way of a newly launched company called Four Points Innovation, up to $130 million of initial funding will be made available by Deerfield to back the initiative for 10 years. Deerfield also will provide development expertise in support of Duke’s innovative drug research across a span of high-need therapeutic areas, as well as those targeting patients […]
They say it takes a village, and the village of investors in New Mexico would agree. New Mexico State University’s Arrowhead Innovation Fund has seeded investments across the state, and now one of its business investments, Osazda Energy LLC, has grown its own wings to receive more than $1.5 million in grants this year alone […]
University of Houston receives historic $13M gift for its entrepreneurship program
University of Houston’s C.T. Bauer College of Business has received its second largest donation to benefit its entrepreneurship program. The Cyvia and Melvyn Wolff Center for Entrepreneurship, which was recently ranked the top undergraduate entrepreneurship program in the country, received the $13 million gift from its namesake foundation — The Cyvia and Melvyn Wolff Family Foundation — […]
Toronto Innovation Acceleration Partners (TIAP) adds novel KRAS oncology project to its LAB150 portfolio
The low survival rates of three of the four most lethal cancers in North America – pancreatic, colorectal and lung – are associated with KRAS mutations, a well-established cancer driver. Although there is an urgent need for KRAS-targeting therapeutics, so far there has been a lack of clinically available drugs as oncogenic KRAS is very […]
Delaware Valley University hosts Shark Tank-like event
In a Shark Tank-style event next week at Delaware Valley University, local entrepreneurs, startups and nonprofit organizations will make a pitch to a panel of judges and compete for cash prizes to help support their innovations and ideas. The inaugural Spark Bowl competition is open to the public and is scheduled for 5:30 p.m. Dec. […]
EU Plans $3.9 Billion Fund for Startups in ‘Valley of Death’
The European Union is planning a 3.5 billion-euro ($3.9 billion) fund that will invest in early stage technology in an effort to increase the pipeline of innovations that might someday take on giants in the U.S. and China. Traditional venture capital firms tend to avoid the costly and risky research needed to turn a scientific breakthrough into […]
It takes an ecosystem to raise a successful start-up
The geography of entrepreneurship is “spiky“, meaning that from region to region there are significant variations in rates of start-ups and, in particular, “scale-ups“—new businesses that are evolving into larger enterprises. This can be explained by the fact that successful entrepreneurship occurs in “fertile soil”—economic and social environments conducive to entrepreneurial activity. And in some […]
Five tech startups receive a total of $275,000 in support from Innovation Fund Northeast Ohio
Five startups have received a total of $275,000, in amounts ranging from $25,000 to $75,000, from Innovation Fund Northeast Ohio in Elyria. The Innovation Fund — an early-stage fund for startups in the technology space that was founded by the Lorain County Community College Foundation and launched in 2007 — said in a news release that the money will enable the […]
How Innovation Springs Forth At The University Of Georgia
A freshwater spring percolates over a one-block, daylighted stretch as an open creek alongside Spring Street in Athens, Georgia. Historically known as the town spring and the founders’ spring, the natural watercourse was one of the most important ecological factors in locating the University of Georgia (UGA) here more than two centuries ago – the birthplace of public higher […]
Polsky Center expanding undergrad track of New Venture Challenge
he Polsky Center for Entrepreneurship and Innovation at the University of Chicago is expanding the undergraduate track of the nationally ranked Edward L. Kaplan, ’71, New Venture Challenge startup accelerator program by partnering with the University of Illinois at Urbana-Champaign. The College New Venture Challenge will now serve the startup track of the University of Illinois’ City Scholars program, giving students […]