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Proposed Federal TRANSFER Act would open funds for university proof of concept

Washington, D.C. - Congressman Chris Collins (R-N.Y.) and Congressman Derek Kilmer (D-Wash.) have introduced technology-transfer legislation to help accelerate the commercialization of federally-funded research and technology. The Technology and Research Accelerating National Security and Future Economic Resiliency Act (TRANSFER) Act (H.R. 2981) builds upon the current Small Business Technology Transfer (STTR) program by creating grant opportunities for proof-of-concept research and other innovative technology transfer activities at universities, research institutes and Federal laboratories to accelerate the commercialization of federally-funded research and technologies. Read more…

 
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U Washington MRI start-up boosted by $340K from affiliated gap funds

Dr. Rodney Ho, professor of pharmaceutics, researches drug delivery for HIV treatment. In 2009, he created a new way to deliver HIV drugs to patients. HIV drugs rarely make it effectively to a patient’s lymph nodes. Ho thought binding the drugs to lipid (fatty particle) nanoparticles might help drug delivery.

He eventually tested his drugs in primates and prepared them for Magnetic Resonance Imaging (MRI) testing. From the MRI test, he saw a surprisingly bright image of the primate’s blood system. Read more…

 
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Purdue University Trask Innovation Fund announces $200K in new grants

A Purdue Research Foundation fund designed to support Purdue University faculty and staff innovators awarded more than $200,000 this spring.

The Trask Innovation Fund assists faculty and staff innovations with which the Office of Technology Commercialization is working. The fund seeks to support short-term projects with the potential to reach markets and consumers with products “that will enhance commercial value of Purdue University intellectual property assets.” Read more…

 
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InvestMaryland backs two state start-ups for $350K

Two Maryland tech companies, Silver Springs-based ReelGenie in and Baltimore-based SocialToaster, received investments totaling $350,000 through the State’s InvestMaryland program, created by Governor Martin O’Malley and the state’s General Assembly to make venture capital investments in Read more…

 
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Velocity Venture Fund puts $100K into four U of Waterloo start-ups

A group of four tech startups based out of the University of Waterloo are enjoying healthier bank balances today after the Velocity Venture Fund announced four grants of $25,000. Read more…

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

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. Read more…

 
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innovosource featured in new article on academic 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 Read more…

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

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 Read more…

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

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 Read more…

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

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 into the masses for smaller, more manageable investments versus larger investments from a few. Crowdfunding, if properly executed, could provide new avenues for funding of promising university technologies and start-ups; however, many questions (and curiously) still remain surrounding its adoption and useful implementation.

“Separating fad from utility is key.”, says Jacob Johnson, founder of innovosource, “Crowdfunding is a very cool concept, and people should be excited about its possibilities; but, it’s also unproven in regards to developmentally-rigorous technologies, still under federal policy review, and hazy in ownership rights and ROI. The world has seen that you can crowdfund a web service and an art studio, but can you crowdfund biotech?”.

To answer that question and move the conversation forward, innovosource is starting with the perspectives and insights shared in this first installment of The University Crowdfunding Report

This Report recognizes that crowdfunding is early in the university adoption cycle and therefore can support the conversation most by sharing perceptions from current/aspiring university crowdfunding managers and stakeholders at research universities and associated organizations. Insights from the 43 participating universities and organizations in this Report include:

•Positioning of crowdfunding in the university capital continuum
•Current perceptions and adoption status
•Preferred approaches and platforms
•Understanding and resolution of significant barriers to adoption

The University Crowdfunding Report is an introduction to university crowdfunding for those interested in implementing a platform or understanding the general issues surrounding this emerging investment approach. It’s a tool to begin the discussion of university crowdfunding on your campus or at your organization. More thorough investigation of best practices and platform features will come in future reports as the approach evolves.

“We will start with solid information, and then look to identifying and developing and sharing approaches that can work in concert with other gap funding mechanisms. Any approach must be optimized to work within the university innovation environment and existing commercialization mechanisms.”,says Johnson, “We are here to support the realization of breakthrough technologies and start-ups from the university environment. If crowdfunding has a place in this equation, we want to play our part”.

The University Crowdfunding Report is the beginning.

For more information, please visit
http://www.crowdthegap.com

Contact: innovosource, connect@innovosource.com

 
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