Revive is developing. The deal marks a key step toward its goal of successfully brining cannabinoid-based therapies to market, potentially through partnerships with medical marijuana vendors or pharma companies, Revive said.
—New company alert: Madison-based Cubismi is developing software that compares medical images of a patient’s body to a library of imaging and other clinical data to determine, for example, whether a cancerous tumor has been responding or would be likely to respond to treatment. Cubismi was founded by Moira Schieke, a radiologist and an adjunct assistant professor at UW-Madison, according to a news release announcing the startup’s launch. The company says its digital tools can make radiologists more productive, and help reduce healthcare costs. Cubismi is a member of StartUp Health, a New York-based organization that helps connect its members—mostly small but growing healthcare technology companies—with larger, more established players in the industry.
—Another launch announcement this week came from Milwaukee-based Bold Coast Capital, the newest “recipient” fund for investing in Wisconsin-based startups created under the state’s Badger Fund of Funds program. Launched in 2014, the program calls for a combination of public and private dollars to flow into a central Badger Fund, which then provides capital to recipient funds like Bold Coast for investing in early stage companies. The Badger Fund said it will provide up to $6 million to Bold Coast, which is led by veteran trader and investor Ross Leinweber.
—UW-Madison’s news service profiled NovoMoto, a startup based in the city that sells packages of solar panels, lamps, batteries, and other equipment to villages in the Democratic Republic of the Congo. The company is nearing its 100th successful installation of its lighting systems in the country, the university said.
