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Two financial firms are betting on a nonprofit incubator program in SanDiego in hopes of identifying top talent and potential targets for investment or acquisition. The incubator, EvoNexus , said this week that Royal Bank of Canada, Canada’s largest bank, and Franklin Templeton (NYSE: BEN ), a U.S.
EvoNexus, SanDiego’s nonprofit tech incubator established seven years ago, is closing its downtown offices and consolidating its operations in a newly revamped space in University City, a suburban neighborhood about 13 miles to the north. He characterized the consolidation, set for Nov. 1, as a prudent move to manage costs.
Three wildly different startups among those incubating at EvoNexus, a La Jolla, CA-based nonprofit organization that supports early-stage tech companies, earned top marks from the audience at a pitch contest this week. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.
Following a six-month trial of its digital mortgage platform, SanDiego-based Approved has officially launched its Web-based software for home loan applications. Sadhal and Taylor (pictured above) founded Approved in August 2015, and moved into the SanDiego tech incubator.
VelosBio joined Johnson & Johnson’s JLABS @ SanDiegoincubator in January. The new VelosBio cash, a Series A round of financing, was led by Arix Bioscience (LSE: ARIX ) and Sofinnova Ventures. The company is developing antibody drug conjugates, a class of cancer drug that links antibodies to potent cancer-fighting toxins.
San Antonio — A biomedical product developer, Watershed Idea Foundry, has created a method of identifying medical devices that have been implanted in the body that uses 3-D printing and its own software.
Healthtech entrepreneur Parker Hinshaw and his wife Jean Balgrosky said they intended to take a step back when they founded Bootstrap Incubation near SanDiego in the fall of 2012. They came to SanDiego in 1996, when Scripps Health hired Balgrosky as CIO and senior vice president. Jean Balgrosky.
The idea in 2011 was to create a space at what was then Johnson & Johnson’s pharmaceutical research and development facility in SanDiego for an “innovation center,” a place where 18 to 20 life sciences startups could incubate, replete with lab space and equipment. The first JLABS incubator opened here.
Plug and Play SanDiego has formed a partnership with Downtown Works, a new co-working space in downtown SanDiego, which will give the local Plug and Play program a place to call home. We would like to launch an accelerator based here, and bring in additional resources from the Bay Area.”. billion under management.
Mission Edge, a nonprofit organization backed by the SanDiego Foundation and three corporations, has chosen 10 companies and organizations to participate in a 12-week program intended to improve each entity’s financial performance, and thereby long-term sustainability. Ken Davenport, CEO of SanDiego-based Mission.
I started with a list of companies already screened by the SanDiego Venture Group’s annual venture summit, and consulted with investors and startup mentors to refine the list. Tim Rueth, a UC SanDiego entrepreneur in residence and member of the EvoNexus selection committee, also screened the list, and offered his perspective.
Another of the biopharma startups created as part of a collaboration between SanDiego investment firm Avalon Ventures and GlaxoSmithKline has been acquired—but not by GSK. Debuting in COI (which stands for “community of innovation”). Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.
Walmart’s tech incubator in Silicon Valley, Store No 8, has acquired Spatialand , a virtual reality software firm, as its third portfolio company. Venice, CA-based Spatialand worked with Walmart on a project last year, an experience that led to the acquisition, according to the blog post. Read more » Reprints | Share:
Cuomo will put $17 million in state funding towards a new biotech startup incubator that will be situated in the New York Genome Center in Lower Manhattan. The incubator will take up the third floor of the NYGC—about 30,000 square feet of space in the SoHo neighborhood.
As a first-time entrepreneur working from UW’s incubator more than five years ago, Liachko says he didn’t think much about the rarity of genomics startups spun out of university research. His firm, Phase Genomics was one of the first startups to come out of UW’s genome sciences department.
Five years ago, the big tech incubator Y Combinator started to welcome life sciences companies into its sizable startup classes, which had previously nurtured entrepreneurs in information technology almost exclusively. That opening to biotech startups in 2014 was controversial at the time.
The firms include stalwarts like Kraft Heinz (NASDAQ: KHC ) , which has an incubator and accelerator program called Springboard , and relative newcomers like the Greek-style yogurt maker Chobani , which operates an incubator that makes $25,000 investments in startups with no equity stake.
“Our focus is on priming the pump,” Steve Poizner said Friday, after providing an update on the Alliance for Southern California Innovation for board members of EvoNexus, an industry nonprofit group that operates pro bono tech incubators in SanDiego and Irvine, CA.
When Novartis dissolved its gene and cell therapy unit a few years ago, a bunch of projects the Swiss pharma giant had incubated were tossed aside. One of them was the work of surgeon Suzanne Ildstad, who has spent decades trying to develop a new way to improve the health outcomes of patients who need organ transplants.
Carlsmed, a SanDiego-based medical technology company that’s developing personalized spinal implants, has merged with Precisive Surgical, a spine imaging system startup in Seattle.
SDSI, a nonprofit organization based north of SanDiego in coastal Solana Beach, focuses on advancing companies that involve sports, active lifestyles, health, and wellness.
Three SanDiego life science startups have been selected to go through the Ad Astra Ventures accelerator program, a relatively new addition to the SanDiego scene. Earlier this year it graduated its first cohort, which consisted of three companies in the consumer product and software sectors.
After the adhesive products maker Avery Dennison (NYSE: AVY ) recently made a $3 million investment in SanDiego-based Wrapify , we tracked down Wrapify CEO James Heller, and stuck him with a few questions about the deal.
Other companies, including a new SanDiego startup called Blooma, are—instead of working to disrupt traditional lenders—offering services that promise to digitize aspects of the. One such lender, Better.com, raised a $160 million Series C financing round Monday.
SanDiego’s Brain Corp., founded in 2009 as a Qualcomm-incubated startup to develop software and computer systems that emulate the human brain, seems to have found a new path forward. SoftBank’s new Vision Fund has led a $114 million investment to advance the company’s artificial intelligence technology.
In Michigan, the Great Lakes Ag Technology Business Incubator is helping farmers turn their ag ideas into businesses. Radicle’s physical presence includes sites in SanDiego; Palo Alto, CA; Research Triangle Park; parts of the Midwest; and Israel.
In downtown SanDiego, a private real estate company best known for its master-planned communities in suburban Southern California has posed some existential questions for regional tech hubs looking to build their own startup ecosystems. 101 West Broadway tower in downtown SanDiego.
A SanDiego civil engineer who has developed an alternative technology for automating the measurement of water flow gave the best presentation at EvoNexus Fall Demo Day, an event that drew nearly 400 entrepreneurs, investors, and supporters late Thursday to Qualcomm’s corporate headquarters.
Connect, the longstanding nonprofit organization that runs one of SanDiego’s best-known startup accelerator programs, said Thursday that Tega Therapeutics CEO Tim Scott will become chairman of its board of directors on Dec. Scott has a long history with the organization.
In the nine years since SanDiego’s EvoNexus incubator began amid the great recession of 2009, CEO Rory Moore has emphasized it is a pro bono program—startup teams admitted to the technology accelerator get free office space and other perks, with no strings attached.
billion acquisition of SanDiego’s Auspex Pharmaceuticals last year. —Edison, NJ-based Contravir Pharmaceuticals (NASDAQ: CTVR ) acquired privately held Ciclofilin Pharmaceuticals of SanDiego to add another experimental drug for hepatitis B to its portfolio. Teva nabbed deutetrabenazine in its $3.2
General Assembly (GA) launched in early 2011 with an incubator in New York City that was a cross between a co-working space and a startup university. The deal underscores the growing demand for software coding and other digital skills—and employers’ increased willingness to turn to non-traditional sources to find talent.
With the closing of its sixth fund announced Tuesday, San Francisco-based Versant now aims to invest in as many as 25 companies in both North America and Europe—half of those investments in “companies we create from scratch,” says Brad Bolzon, Versant’s managing director. Versant takes.
Fortis Therapeutics, a new SanDiego biotech, has raised $18 million in initial funding to develop drugs for hard-to-treat prostate and bone marrow cancers. SanDiego’s Avalon Ventures led the Series A round, and has established Fortis at COI Pharma, the firm’s biotech incubator (which now houses 16 life sciences startups).
—Shares of SanDiego-based Illumina (NASDAQ: ILMN ) fell more than 32 percent after the next-gen sequencing giant slashed its revenue projections once again. —AzurRx Biopharma (NASDAQ: AZRX ), which has an executive office at SUNY Downstate’s biotech incubator in Brooklyn, raised $5.3 in July 2015. . FUNDING ROUNDS.
Earlier this month, the City of SanDiego awarded a $40,000 grant to Nest , the 16,000-square-foot co-working space that Andersen founded, to help foster the creation of more startups and jobs in the region.
Houston —Men have long leveraged their networks to succeed in business, and the tech industry has been no exception. Women, finding themselves outside of the club, are now creating their own networks to do the same.
Why do unicorns get all the attention? Brian de Haaff wonders this sometimes, especially as compared to his own tech business, Aha. It’s not a “unicorn”—a business with a valuation of more than $1 billion—and it’s not even close. Instead, Aha is a bootstrapped startup.
San Antonio —Northrop Grumman, the military contractor that makes everything from cybersecurity systems to fighter planes, has signed a five-year lease on a new property at Port San Antonio, where officials are trying to entice more cybersecurity businesses to move.
Tiny Rhode Island and its capital city Providence have always punched above their weight, for better or for worse. Better: Little Rhody’s founder Roger Williams, fleeing religious persecution in 17th-century puritanical Massachusetts, was one of America’s first abolitionists and created the concept of the separation of church and state.
Walmart’s Store No 8 innovation arm has acquired an Israeli machine learning startup , the retail giant announced Wednesday. Aspectiva joined the two-year-old Store No 8 Monday, and its employees will remain in Tel Aviv.
San Antonio — Life science groups, city officials, and research institutes in San Antonio are organizing an effort to commercialize more scientific developments coming out of the city’s military organizations.
The doors have opened at a GE Healthcare-supported open-access lab for startups at AstraZeneca’s former global center for oncology research and development at Alderley Park, the largest bioscience research campus in the UK.
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