A round up of all the latest news on www.globaluniversityventuring.com for our subscribers.
Technion institutes $200m fund
Faculty, students and alumni are set to benefit from the $200m vehicle, set up by the Technion Research & Development Foundation and UG Capital Management.
Mitoconix brainstorms $20m series A
Mitoconix is exploiting research into neurodegenerative disorders undertaken by professor Daria Mochly-Rosen and her team at Stanford University.
Davidson accepts Allied Minds mission
Simon Davidson will join Allied Minds as executive vice-president from tomorrow, leaving his position of managing partner at In-Q-Tel.
Mercia imprints another $390,000 in MIP
MIP Diagnostics has received additional cash from Mercia Fund Management, which has backed the Leicester spinout since 2015.
Immune-Onc joins StartX cohort
Immune-Onc has licensed research from University of Texas, Albert Einstein College of Medicine and Memorial Sloan Kettering Cancer Center.
Schleswig-Holstein starts up association
A total of 13 universities and organisations based in the German state have joined forces to launch an innovation network that is expected to boost technology transfer.
Edge Surgical sharpens seed round
Northwestern University spinout Edge Surgical has raised $1.4m in seed funding.
IU brings tech transfer activities in-house
Indiana University is moving the Research and Technology Corporation’s activities into the Office of the Vice-President for Research effective tomorrow.
SensoMotoric detects Apple takeover
Apple has reportedly acquired SensoMotoric, a Free University of Berlin spinout.
The spinout of Leiden University Medical Center is working on a treatment that prevents acute bleeding in patients taking medication for thrombosis.
Qbic helps send $9m to Sentiance
Mobile data analysis technology developer Sentiance, based on Vrije Universiteit Brussel and Ghent University research, has received additional capital from Qbic.
Newlands pens rejection letter
Touchstone Innovations’ board has rejected a hostile takeover bid by its peer IP Group and continues to do so after an updated offer last week.
Brisbane Materials constructs series B
Queensland spinout Brisbane Materials has collected an undisclosed sum from investors including multi-university venturing fund Uniseed.
The research institute has launched an early-stage fund that has a target size of up to $136m.
Boston University’s Technology Development Office has made Mike Pratt its permanent managing director, having held the position in an interim capacity for two years.
XRE merges with Inside Matters
Both companies were spun out of Ghent University’s Centre for X-ray Tomography.
Aphea.Bio harvests $8.7m series A
Based on research at KU Leuven, Ghent University and VIB, Aphea.Bio is working on a product that can increase crop yield while protecting against fungal diseases.
Skoogmusic seeks $6.4m investment
Edinburgh spinout Skoog is looking to raised up to $6.4m in funding, having previously obtained money from investors including state-owned Scottish Enterprise.
Spry Health times $5.5m series A
Wristband wearable producer Spry Health has welcomed Stanford University’s StartX fund to its shareholders.
Yoyo strings together $15.3m series B
Touchstone Innovations has provided $5.1m to the series B round, having previously led a $10m series A for the company in 2015.
Diffblue enters series A spectrum
Oxford spinout Diffblue has obtained $22m in series A capital from a consortium that featured Oxford Sciences Innovation, the institution’s university venturing fund.
University of Oxford has participated in a funding round for Zegami, a big data spinout from the institution also backed by Oxford Sciences Innovation.
Merck and Illumina map out $8m SerImmune round
Illumina Ventures has led a series A round for SerImmune, which will use the funding to enhance its immune system mapping platform.
Big deal: Ireland’s ecosystem thrives
Knowledge Transfer Ireland’s new report shows that, last year, the number of spinouts in the country grew by 28, with 119 spinouts older than three years still in operation.
