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Thermo Scientific Acquires Sequencing Technology Developer

(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

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

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

(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

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

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

(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

Timken, College to Build Wind Energy R&D Center

(National Renewable Energy Laboratory)

The Timken Company in Canton, Ohio revealed plans for a new research and development center for wind turbine mechanisms used to generate electricity. The $11.8 million facility, built in collaboration with nearby Stark State College, is expected to add 65 new jobs.

The R&D center will focus on wind . . . → Read More: Timken, College to Build Wind Energy R&D Center

Finance Friday: 18 February 2011

(Photos8.com)

Here are recent angel and venture finance transactions for science- and engineering-based companies, as reported by Xconomy and elsewhere.

Biomedical/Life Sciences

Rosetta Genomics Ltd. in Philadelphia, Pennsylvania. MicroRNA-based molecular diagnostics. $6.0 million, equity.

Versartis in Mountain View, California. Protein drugs for endocrine disorders. $21 million in Series B equity financing.

Ivivi Health . . . → Read More: Finance Friday: 18 February 2011

Finance Friday: 11 February 2011

(Photos8.com)

Here are recent financial transactions for science- and engineering-based companies reported by Xconomy.

Biomedical/Life Sciences

AcelRx Pharmaceuticals in Redwood City, California. Pain medications. $40 million IPO: 8 million shares @ $5.00.

Optimer Pharmaceuticals in San Diego, California. Antibiotics. $67.5 million stock offering: 6 million shares @ $11.25.

Fluidigm in South San Francisco, . . . → Read More: Finance Friday: 11 February 2011