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Illumina Ventures Raises $230M Venture Capital Fund

socalTECH

Illumina Ventures , the early-stage venture capital investor which was founded by San Diego-based life sciences equipment maker Illumina , says it has raised $230M for its first fund. The venture investment fund was founded by Nicholas Naclerio, Ph.D., READ MORE>>.

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UC San Diego Spinout Gets $15M From Bill Gates

socalTECH

A startup which is based on research conducted at the University of California, San Diego has scored $15M in a Series A funding. which was co-founded by Tom Driscoll, a former University of California at San Diego researcher. Echodyne Corp. The company is based in the Seattle, Washington area. READ MORE>>.

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Nanome Picks Up $3M

socalTECH

San Diego-based virtual reality startup Nanome, which is developing technology to help researchers explore the interaction of molecules and molecular compounds using VR, has raised $3M in a funding round, the company disclosed today.

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Biotech Startup Licenses Technology From UCSD, Raises $18M

socalTECH

A new, biotech startup focused on delivery of nucleic acid therapeutics, Solstice Biologics , said last week that it has licensed technology developed at UC San Diego, and received $18M in a Series A funding. and his colleagues at UC San Diego School of Medicine.

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Avelas Biosciences Finds $7.4M

socalTECH

San Diego-based Avelas Biosciences , which is developing cell penetrating peptides to light up cancerous tissue in patients during surgery, has raised $7.4M The second tranche of the company''s Series B came from investors Avalon Ventures, Torrey Pines Investment and WuXi PharmaTech Investments. in a Series B funding.

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Southern California needs to find its hub for it to develop its own tech ecosystem

TechCrunch LA

Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position.

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NY’s Research Institutions Must Keep Working Together in ‘19

Xconomy

[ Editor’s Note: Euan Robertson, the Director of Strategic Planning & Special Projects at Columbia Technology Ventures, co-wrote this article.] It is a commonly held belief that academic research institutions, including those in New York City, are fierce competitors.