NUtech Ventures/UTDC uses proof of concept funding to support a promising imaging spin-out, Ground Fluor Pharmaceuticals Inc.

By | April 30th, 2012|Nebraska, New Investments/Awards, Proof of Concept|

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. […]

Ohio and Ohio State University talk about expectations related to their new venture partnerships

By | April 30th, 2012|Ohio|

“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 State partnered in order to generate more funds collectively than just combined $35 million pledged by the two universities.  He calls the agreement an “arms-length transaction,” which the university expects will generate market rates of return on investment through the projects selected. […]

NIH announces translational research grants to support obesity and diabetes

By | April 30th, 2012|Translational Research, United States|

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. […]

Moody Foundation supports research at U Texas Medical Branch

By | April 30th, 2012|Texas, Translational Research|

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. […]

Indiana University add translational research funding through Strategic Research Initiative

By | April 27th, 2012|Indiana, Translational Research, University-managed|

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. […]

Utah Kickstart raising a second fund

By | April 26th, 2012|State or Government Supported, Utah|

Kickstart Seed Fund, a seed investor based in Salt Lake City, is seeking to raise $20 million for a second fund that will back technology and life science companies in Utah and nearby Rocky Mountain states […]

Nanofiber lands $500K from TechColumbus

By | April 26th, 2012|New Investments/Awards, Ohio, Student Funds|

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. […]

Ohio Third Frontier Fund puts $1M into advanced next-generation medical device company

By | April 25th, 2012|New Investments/Awards, Ohio, State or Government Supported|

EndoSphere Inc. today announced that the Innovation Ohio Loan Fund (IOLF) has awarded $1 million to support EndoSphere’s platform of noninvasive, endoscopically-implantable devices that treat metabolic diseases including obesity and type 2 diabetes. […]

New Mexico State University funds its first two launch projects

By | April 24th, 2012|Gap support programs, New Investments/Awards, New Mexico, University-managed|

LAS CRUCES – A new program at New Mexico State University’s Arrowhead Center that aims to take near-to-market technologies being developed on campus and help speed their way to the public has picked its first projects to fund. […]

MI pre-seed fund invests in 9 new start-ups

By | April 24th, 2012|Michigan, New Investments/Awards, Seed Fund, State or Government Supported|

From official press release:

ANN ARBOR, Mich., April 23, 2012 /PRNewswire via COMTEX/ — Nine Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling more than $2 million. To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones, has awarded 72 Michigan companies with seed funding totaling more than $16 million. […]