CIT Gap Funds invests in medtech startup
The Herndon, Va.-based Center for Innovative Technology (CIT)announced that its CIT GAP Funds is investing in Richmond, Va.-based Tympanogen, a medical technology company that develops ear, nose, and throat (ENT) treatment devices based on a proprietary gel patch technology. “We have a great opportunity to take over what many consider to be a neglected market. ENT surgeons want a […]
Maryland TEDCO Generates $1.6 Billion in Economic Benefits to the State of Maryland and Supports 7,746 Maryland Jobs
The Maryland Technology Development Corporation (TEDCO), Maryland’s economic engine for technology companies, announced today the findings of an independent economic impact study detailing the economic development contributions of TEDCO’s five core programs to the state of Maryland. Conducted by Richard Clinch of the University of Baltimore’s Jacob France Institute and Mitch Horowitz of TEConomy Partners (JFI-TEConomy), the study found that TEDCO is a significant […]
Recursion and Center for Technology & Venture Commercialization to Jointly Launch Incubator
Recursion and the University of Utah’s Center for Technology & Venture Commercialization (TVC) have signed a memorandum of understanding to explore the launch, programming, and management of an incubator for life science and technology startups. The incubator will be located in Recursion’s former Research Park offices, and the company will sponsor the space for an initial period of […]
$10M gift sparks new program that will develop leaders of innovative ventures
Believing that today’s complex problems require interdisciplinary solutions and innovative, technology-based thinking, Thomas S. Roberts (MBA 1989) and his wife, Kristen, were intrigued by the idea of helping Harvard undergraduates with a passion for technology and entrepreneurship become future leaders of innovative ventures. So, the Roberts are excited to be supporting the Undergraduate Technology Innovation […]
University of Michigan to invest up to $20 million in four of its startups
ANN ARBOR—The University of Michigan will make a $2.75 million initial investment into four U-M startups with potential funding of up to $20 million through subsequent financing rounds. The U-M Board of Regents approved the investments Thursday through the Michigan Investment in New Technology Startups initiative. The MINTS fund, which is overseen by the U-M […]
Maryland ‘TEDCO 2.0’ comes into focus
TEDCO made a series of promotions and hiring moves as the state’s quasi-public organization backing early-stage companies looks to rework the programs it offers to help entrepreneurs. The latest announcement hones in on themes that recently-hired CEO George Davis touched on in announcing “TEDCO 2.0” at the organization’s Entrepreneur Expo in Baltimore last fall. Davis, who was an entrepreneur and […]
Three Penn State University research projects receive funding via College of Engineering ENGINE grants
The Penn State College of Engineering recently selected three projects for funding through its Engineering for Innovation & Entrepreneurship (ENGINE) grant program. Now in its fifth year, ENGINE grants provide financial support to transition early-stage research results through a proof-of-concept phase, with the ultimate objective of forming a start-up company or licensing the technology to […]
Tulane, LSU Health select New Orleans BioInnovation Center as statewide partner for biomedical technology accelerator program
Tulane University and LSU Health New Orleans have selected the New Orleans BioInnovation Center (NOBIC) as the statewide implementation partner for a newly launched initiative to augment business development efforts and accelerate the commercialization of life science research from university labs to biotechnology startups in the region and to existing companies around the world. NOBIC will work […]
Faculty Can Apply for Startup Support Through New Gap Fund
A new subset of the Chancellor’s Fund will provide financial support for researchers at the University of Arkansas working toward launching startup companies. The Gap Fund will distribute up to $400,000 each year. Teams made up of faculty, graduate students and post doctoral candidates may apply for the Gap Fund after completing the National Science […]
New accelerator program seeks to bring Maine bioscience discoveries to market
The National Institutes of Health believes that the U.S. is missing out on important scientific discoveries in smaller states such as Maine because they lack the resources to move those discoveries out of laboratories and into the marketplace. It recently awarded a $3.5 million grant to create a technology transfer accelerator program for biotech startups […]