STC.UNM gap funding supports innovative approach to drive cancer therapies

By | July 30th, 2013|New Mexico|

It’s the spread of the original cancer tumor that kills most people. That’s why cancer researchers vigorously search for drugs that can prevent metastases, the spread of cancer. But most drugs take a decade—and frequently, more—to go from concept to Food and Drug Administration approval. One way to reduce this time investment is to look for already-approved drugs that could lessen or stop metastases. That’s just what a team of scientists from the University of New Mexico is doing. Led by Angela Wandinger-Ness, PhD, and Laurie Hudson, PhD, the team is  testing Ketorolac against ovarian cancer. They are using  support from the NCI Provocative Questions Initiative, DOD Teal funding, and gap funding from STC.UNM, the University of New Mexico’s technology-transfer office. With no overt symptoms and no screening tests to find it, ovarian cancer is among the most deadly of cancers. […]

innovosource featured in new article on academic crowdfunding

By | July 30th, 2013|Crowdfunding|

Crowdfunding has gained a lot of traction in the past few years, primarily as a way for artists to fund their pet projects. Musicians and filmmakers may have been some of the earliest adopters of this especially populist form of fundraising, but they’re far from the only ones taking advantage of it. Many institutions of higher education have already started to look to crowdfunding as a way to raise money for various projects. In fact, some crowdfunding platforms are specifically devoted to working with institutions of higher education.

In case you’re not too familiar with the concept yet, crowdfunding […]

NSF supports Texas Tech microfluidic translational research work through $225K grant

By | July 30th, 2013|New Investments/Awards, State or Government Supported, Texas, Translational Research|

National Science Foundation Small Business Technology Transfer (NSF STTR) recently awarded a $225,000 grant to a Texas Tech University student who is preparing to earn a doctorate in chemical engineering in August. The sizable grant will help Jeevan Maddala commercialize his doctoral work in biomedical and pharmaceutical trials, which looks to […]

U Michigan SPARK invests $1.5M in 6 start-ups

By | July 30th, 2013|Michigan, New Investments/Awards, Seed Fund|

ANN ARBOR, Mich., July 24, 2013 /PRNewswire via COMTEX/ — Six Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling $1.5 million. To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones to support start-ups’ product commercialization, has […]

University Crowdfunding: A New Capital Approach For Tomorrow’s Innovation

By | July 25th, 2013|Crowdfunding|

In its most recent Mind the Gap Report,  innovosource,  identified crowdfunding as an emerging investment vehicle that may be better positioned to support the capital requirements of translational research, proof of concept projects, and early-stage start-ups than more traditional capital sources, like venture capital and angel investment. This funding approach taps […]

Wolverine Fund participates in $7M round in healthcare analytics company, ArborMetrix

By | July 22nd, 2013|Michigan, New Investments/Awards, Student Funds, University-managed|

The Wolverine Venture Fund, managed by students at The Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan Ross School of Business, today announced it has invested in ArborMetrix, a leading provider of real-time healthcare analytics. The $7 million Series B round ofventure capital financing was led by RPM Ventures alongside existing investor Arboretum Ventures […]

Three U of Iowa companies land $750K from state’s acceleration fund

By | July 22nd, 2013|Iowa, New Fund Announcement, State or Government Supported|

Three companies with ties to the University of Iowa have obtained $750,000 in funding from the state to expand their businesses, create jobs, and further develop their products.

Memcine Pharmaceuticals, Inc., NanoMedtrix, LLC, and Iowa Approach, LLC were awarded direct financial assistance from the Iowa Economic Development Authority. The funding is designed to help these and other companies move their basic research forward with the goal of commercializing the technologies or products […]

Eye disease diagnostic tech receives POC support from UK i4i program

By | July 22nd, 2013|England, Proof of Concept|

A team of UK scientists and engineers have developed a prototype device for detecting the most common cause of sight loss in the developed world, age-related macular degeneration (AMD), which usually isn’t diagnosed until vision has already begun to degrade. […]

Ann Arbor SPARK graduate receives support from Michigan’s new angel fund

By | July 22nd, 2013|Angel, Michigan, New Investments/Awards, State or Government Supported|

Michigan State University technology spin-out company BioPhotonics Solutions Inc. is the first venture to win equity funding from the $2 million Michigan Angel Fund.
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Wisconsin Governor signs $25M venture capital legislation

By | July 22nd, 2013|Venture Capital, Wisconsin|

Gov. Scott Walker signed legislation Thursday to provide $25 million in taxpayer money to start-up companies, realizing a goal he has sought for more than two years.

Providing venture capital has had a rocky history in recent years. Bills to do that last session couldn’t get through the Legislature, and this year’s legislation has had its share of glitches, falling well short of the original amount sought by supporters.

Conservative critics in recent weeks have noted that […]