Global University Venturing

The $1.5m UConn Innovation Fund, established in August last year, has made its first three investments, namely Torigen Pharmaceuticals, Bioarray Genetics and Shoreline Biome.

A round up of all the latest news on www.globaluniversityventuring.com for our subscribers.

Microdermics, a spinout of UBC, has developed a microneedle that injects medication into the upper skin layer, avoiding blood vessels and nerve tissue.

Milken Institute has produced a report ranking more than 200 US universities for their tech transfer prowess, with Utah, Columbia and Florida universities making up the top three.

The fleet automation spinout from Swiss Federal Institute of Technology in Lausanne has attracted a $2m extension for its seed round.

Bradley Hardiman, investment manager at Cambridge Enterprise, considers the effects of late-stage funding rounds on early-stage investors.

The oncology drug developer has raised $92.5m in VC funding, $11.5m of which came from MedImmune Ventures, the CVC unit that now owns a 16.7% stake.

The new facility on the university campus, founded in conjunction with Tata Consultancy Services, will house research and academic spaces to promote next-generation technologies.