debt « Science and Enterprise

Cancer Therapy Spin-Off Formed with $45M Funding

By Alan, on January 22nd, 2015%

T-cell (NIAID/NIH)

22 January 2015. Autolus Ltd., a new enterprise developing engineered immune-system cells for treating cancer, is being formed in London, with £30 million ($45.4 million) in early financing. The company is founded and commercializing research by Martin Pule, a hematologist at University College London.

Pule, who serves as Autolus’s chief scientist, . . . → Read More: Cancer Therapy Spin-Off Formed with $45M Funding

Portfolio Model Proposed for Funding Alzheimer’s Research

By Alan, on June 18th, 2014%

(National Institute of Drug Abuse)

18 June 2014. Financial and biomedical researchers at Massachusetts Institute of Technology, University of California in Santa Barbara, and the biotechnology company Genentech outlined a different approach to funding research on Alzheimer’s disease that supports multiple simultaneous studies addressing various drug targets. The team led by MIT finance . . . → Read More: Portfolio Model Proposed for Funding Alzheimer’s Research

Investment Fund to Finance Global Health Technologies

By Alan, on September 23rd, 2013%

Girls at a malaria prevention event in Ghana (USAID.gov)

A consortium of private sector, foundation, and government partners formed the Global Health Investment Fund, to finance higher-risk, late-stage development of vaccines and other public health innovations in low-income countries. The fund is led by the bank JPMorgan Chase and the Bill & Melinda . . . → Read More: Investment Fund to Finance Global Health Technologies

Thermo Scientific Acquires Sequencing Technology Developer

By Alan, on April 15th, 2013%

(NIST.gov)

Thermo Fisher Scientific, a maker of laboratory instruments and technologies in Waltham, Massachusetts acquired the genomic sequencing systems developer Life Technologies in Carlsbad, California for $13.6 billion in cash and debt assumption. In the deal, Thermo Fisher Scientific will pay $76.00 per share and assume Life Technologies’ net outstanding debt, valued at . . . → Read More: Thermo Scientific Acquires Sequencing Technology Developer

Kauffman CEO: New Venture Capital Structure Needed

By Alan, on February 5th, 2013%

Tom McDonnell (A. Kotok)

Kauffman Foundation CEO Tom McDonnell called for a new relationship between venture capital financiers and high-growth start-up enterprises to better reflect the long-term needs of these companies. McDonnell made the remarks in a speech on the state of entrepreneurship in the U.S. at the National Press Club in Washington, . . . → Read More: Kauffman CEO: New Venture Capital Structure Needed

Memory Device Maker Secures $12.5 Million Venture Loan

By Alan, on July 3rd, 2012%

Avalanche Technology, a developer of digital memory devices in Fremont, California has received a $12.5 million loan from Horizon Technology Finance Corporation in Farmington, Connecticut. Horizon Technology Finance calls the deal a venture loan, since the debt is secured by earlier venture capital and private equity financing.

The funding is expected to support Avalanche Technology’s . . . → Read More: Memory Device Maker Secures $12.5 Million Venture Loan

MassVentures Starts New $5 Million Early-Stage Fund

By Alan, on June 15th, 2012%

(A. Kotok)

MassVentures, Massachusetts’s venture capital agency, unveiled a new $5 million fund for early stage technology companies. The organization had been known, up to yesterday, as the Massachusetts Technology Development Corporation.

The new MassVentures financing will be managed through the Massachusetts Emerging Technology Fund of MassDevelopment, a state economic development agency. The . . . → Read More: MassVentures Starts New $5 Million Early-Stage Fund

Report: Investment Increasing In Water Technologies

By Alan, on May 11th, 2012%

A new report by the London Environmental Investment Forum says venture capital (VC) investors are showing more interest in technologies related to water used in extractive industries, such as oil, gas, and mining. The report, “Water Innovation in Extractive Industries,” can be downloaded from the organization’s Web site.

London Environmental Investment Forum is owned and . . . → Read More: Report: Investment Increasing In Water Technologies

Challenge Seeks Risk Assessment Tool for Microloan Denials

By Alan, on March 30th, 2012%

A new challenge from InnoCentive calls for a tool to gauge the financial risk of people and organizations that were denied a microloan for their business. The challenge has a prize of $40,000 and a deadline of 30 May 2012.

InnoCentive in Waltham, Massachusetts is a company the conducts open-innovation, crowd-sourcing competitions for corporate and . . . → Read More: Challenge Seeks Risk Assessment Tool for Microloan Denials

Solar Wafer Process Developer Earns DoE Loan Guarantee

By Alan, on June 17th, 2011%

(National Renewable Energy Laboratory)

The U.S. Department of Energy will offer a conditional commitment for a $150 million loan guarantee to 1366 Technologies in Lexington, Massachusetts. The company has developed a new manufacturing process for silicon wafers used in solar panels that promises to slash the costs and time needed to make.

The . . . → Read More: Solar Wafer Process Developer Earns DoE Loan Guarantee

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