Boston-based Practically Green, an Internet startup that has been called “Foursquare for green living,” has raised $750,000 in its first round of financing. Lexington, MA-based CommonAngels led the seed round, and about 25 individual investors participated, including John Landry of Lead Dog Ventures, Stephen McDonnell of Applegate Farms, Tom Matlack of The Good Men Project, … Continue reading “Practically Green Gets $750K from CommonAngels and Others, Feedback from Consumers and Partners”
Category: National
Biogen Idec Offering Jobs to Quarter of San Diego Workers, While Most Get Layoff Notices
Weston, MA-based Biogen Idec (NASDAQ:[[ticker:BIIB]]) plans to lay off most of the 300 to 350 employees at the company’s San Diego research center as part of the restructuring plan announced this morning, Biogen spokeswoman Christina Chan said. The drug development company, which was created in the 2003 merger of Massachusetts’ based Biogen and San Diego’s … Continue reading “Biogen Idec Offering Jobs to Quarter of San Diego Workers, While Most Get Layoff Notices”
$20M Series A For Karyopharm to Fight Cancer
Karyopharm Therapeutics, a Newton, MA-based biotech focused on nuclear transport technology for applications in the treatment of cancer, autoimmune disease, and HIV, announced today that it has wrapped up a $20 million Series A financing from an an undisclosed group of investors.The startup is developing selective inhibitors of nuclear export (SINEs) designed to flag major … Continue reading “$20M Series A For Karyopharm to Fight Cancer”
No Surgical Sponge Left Behind: RF Surgical Seeks to Lead Market for High-Tech Gauze
The lowly surgical sponge is one of the basic commodities all hospital operating rooms need, and which most just buy in bulk from the cheapest suppliers they can find. But to RF Surgical Systems, a Bellevue, WA-based company with an engineering center in San Diego, there’s a lot more going on in surgical sponges. The … Continue reading “No Surgical Sponge Left Behind: RF Surgical Seeks to Lead Market for High-Tech Gauze”
The Winners of the IRS Biotech Grant Program Are…
[Updated: 11:30 am, 11/4/10] The biotech industry was a key beneficiary last spring of the new health care law. $1 billion worth of Qualifying Therapeutic Discovery Project Credits were dangled in front of the small to mid sized biotechs that met the designated criteria. The Treasury Department and IRS were put in charge of this … Continue reading “The Winners of the IRS Biotech Grant Program Are…”
Biogen Idec Axes 650 Jobs, Closes San Diego Site, Bets Future on Neurology
Biogen Idec CEO George Scangos is putting his stamp on the direction of the company, by making some bold moves to cut jobs, facilities, and drug development programs. It’s all part of a bid to make a bigger impact in one area—neurology. Weston, MA-based Biogen Idec (NASDAQ: [[ticker:BIIB]]), the world’s largest maker of multiple sclerosis … Continue reading “Biogen Idec Axes 650 Jobs, Closes San Diego Site, Bets Future on Neurology”
Craig Venter to NASA: Think About Engineering Your Astronauts
What is the right genetic profile for an astronaut—someone who’s going to spend months living on the moon, or years traveling to an asteroid or Mars? Craig Venter has an answer. The biologist told a group of scientists at NASA Ames on Saturday that NASA already does genetic selection when it picks astronauts. He just … Continue reading “Craig Venter to NASA: Think About Engineering Your Astronauts”
Hyperion Hits Goal in Trial for Rare-Disease Drug, Prepping FDA Application
Hyperion Therapeutics raised $60 million in venture capital a year ago, and it should be in a position fairly soon to generate some return on that investment. The South San Francisco-based biotech company said yesterday its experimental drug met its primary goal in a pivotal study including 46 patients with a rare phenomenon known as … Continue reading “Hyperion Hits Goal in Trial for Rare-Disease Drug, Prepping FDA Application”
Why Rich Levandov Invested Early in Zynga, and Why It Took Off—Lessons Every Entrepreneur Should Consider
On the last day of September, San Diego-based Avalon Ventures announced a closing of $161 million for its new fund—Avalon IX—on its way toward an upper target of $200 million. Avalon is an 18-year-old firm—storied in San Diego but not fantastically well known nationally—still led by founder Kevin Kinsella. Avalon made its name in biotech. … Continue reading “Why Rich Levandov Invested Early in Zynga, and Why It Took Off—Lessons Every Entrepreneur Should Consider”
Ideo Spinoff ShopWell Says Better Health Starts at the Supermarket; Part 3: Food as Data
These days, the simple act of going to the grocery store is a fraught and anxious affair. Americans are being told that what they choose to eat isn’t just a personal decision, but has major economic, political, and moral implications. For one thing, there’s the spiraling cost to society of food-related health conditions, from obesity … Continue reading “Ideo Spinoff ShopWell Says Better Health Starts at the Supermarket; Part 3: Food as Data”
Urban Airship Nabs $5.4M from Foundry Group, Moving Full Throttle in Mobile Software Space
Anyone who says software startups don’t bring in big investment dollars anymore, clearly hasn’t been paying attention to Urban Airship. Beyond being one of a new and interesting class of startups that are part software, part mobile, the Portland, OR-based company is bringing in some major financing, including its $5.4 million Series B round led … Continue reading “Urban Airship Nabs $5.4M from Foundry Group, Moving Full Throttle in Mobile Software Space”
Dendreon’s Provenge Launch Story Enters Second Chapter, With Today’s Earnings Call
Dendreon, the Seattle-based cancer drug developer that people either love or love to hate, is going to provide a lot more grist for debate later today. The company is preparing to release its third quarter financial report today at the close of markets, and will host a webcast conference call at 4:30 pm Eastern/1:30 pm … Continue reading “Dendreon’s Provenge Launch Story Enters Second Chapter, With Today’s Earnings Call”
Energesis Pharmaceuticals, Co-Founded by Sirtris Vet, Seeks to Tap Power of “Good Fat” in Fighting Obesity and Diabetes
It’s a case of good fat versus bad fat. Scientists have discovered recently that so-called brown fat, long known to be present in animals and human infants, might also play an important role in the metabolic functions of adult humans. Now Energesis Pharmaceuticals, a Boston-area startup, wants to use its founders’ knowledge of this phenomenon … Continue reading “Energesis Pharmaceuticals, Co-Founded by Sirtris Vet, Seeks to Tap Power of “Good Fat” in Fighting Obesity and Diabetes”
Why Do Biotechs Love the IRS Today? Washington Companies Just Got $34M in Grants
Biotechies around the country are feeling a lot of love toward the Internal Revenue Service today. And the impact is being felt in Washington state’s biotech cluster, as 83 local biotech companies were awarded grants worth a combined $34 million, in one of the little-known postscripts to the new healthcare reform law that was enacted … Continue reading “Why Do Biotechs Love the IRS Today? Washington Companies Just Got $34M in Grants”
Cadence Wins FDA Green Light for Hospital-Based Pain Reliever
Cadence Pharmaceuticals had to wait a little longer than it wanted, but today it got its wish. The San Diego-based biotech company (NASDAQ: [[ticker:CADX]]) said today it won FDA clearance to start selling an intravenous form of the pain reliever acetaminophen (Ofirmev) for use in hospitals. The drug, known in its over-the-counter form as Tylenol … Continue reading “Cadence Wins FDA Green Light for Hospital-Based Pain Reliever”
In Cleantech, Who’s Looking for Money, Who’s Hiring, and What’s the Role of Government Financing? Find Out at Clean Energy Conference
It’s “Clean Energy Week” here in Massachusetts—that entails a bunch of events in and around Boston on the theme of alternative energy and cleantech. I’m particularly looking forward to the biggest one, the Sixth Conference on Clean Energy, which is happening tomorrow and Thursday at the Hynes Convention Center. The conference, co-produced by the Massachusetts … Continue reading “In Cleantech, Who’s Looking for Money, Who’s Hiring, and What’s the Role of Government Financing? Find Out at Clean Energy Conference”
A Bumper Crop of Financings For Bay Area Startups
It has been a busy day for Bay Area fundraising news. IT companies are dominating, with an online payments company, a data integration company, two wireless services companies, and a massively multiplayer online game company raising over $66 million in funding combined. Two medical device companies raised money too, though. Here are the IT companies… … Continue reading “A Bumper Crop of Financings For Bay Area Startups”
Big Opportunity for an “Enterprise Town” in Detroit, Says E-mail Pioneer Nathaniel Borenstein
This could be huge for Michigan’s economic future. No, I’m not talking about today’s gubernatorial election (though that’s important too). I’m talking about something Nathaniel Borenstein told me last week. Borenstein, for those who don’t know, is one of the fathers of modern e-mail (an original designer of MIME, Multipurpose Internet Mail Extensions), and currently … Continue reading “Big Opportunity for an “Enterprise Town” in Detroit, Says E-mail Pioneer Nathaniel Borenstein”
Oracle Buys Art Technology Group For $1B; ATG Founder Joe Chung Expresses Pride, Nostalgia
[Updated 11/2/10 2:00 pm ET. See below] Cambridge, MA-based Art Technology Group, which develops software platforms for e-commerce websites, announced today that it will be bought by Redwood Shores, CA-based database giant Oracle (NASDAQ: [[ticker:ORCL]]) for a total of $1 billion in cash, at $6 per share. ATG (NASDAQ: [[ticker:ARTG]]) saw its stock price climb more … Continue reading “Oracle Buys Art Technology Group For $1B; ATG Founder Joe Chung Expresses Pride, Nostalgia”
Some Assembly Required? San Diego’s ShowUhow Uses Web-Based Video to Displace Printed Instruction Guide
Kim Folsom tells me that she tried using video for education in the late 1990s at Seminar Source, a venture-backed, Web-based software company in San Diego that tried to take advantage of the fact that it’s easier for many people to learn visually. “You could do video over the Web, but it wasn’t the best,” … Continue reading “Some Assembly Required? San Diego’s ShowUhow Uses Web-Based Video to Displace Printed Instruction Guide”
Changing of the Guard: 10 New CEOs in New England Tech, Life Sciences, and Energy
‘Tis the season for new chief executives in the Boston area. In the past month or so, we’ve seen no fewer than 10 newly announced CEOs at technology, life sciences, and cleantech companies. So we thought we’d round them up and look for any interesting patterns. It’s a pretty good mix of public (4) and … Continue reading “Changing of the Guard: 10 New CEOs in New England Tech, Life Sciences, and Energy”
Arch, Hutch Stand to Gain From “Hibernation on Demand” Through Ikaria IPO
It’s keep-your-fingers-crossed time for the people at Arch Venture Partners and the Fred Hutchinson Cancer Research Center in Seattle. Both organizations have millions of dollars at stake in the upcoming initial public offering of Ikaria. Ikaria, a Clinton, NJ-based company developing futuristic “hibernation-on-demand” technology with roots at the Hutch, is hoping to cash in on … Continue reading “Arch, Hutch Stand to Gain From “Hibernation on Demand” Through Ikaria IPO”
Ideo Spinoff ShopWell Says Better Health Starts at the Supermarket; Part 2: Ingredients of a Startup
With the ShopWell concept for helping consumers make more sense of the nutrition labels on food, Ideo thought it had a winner. But while the design consultancy has many of the attributes of a startup incubator—a large flock of creative thinkers and a commitment to testing new ideas, to name just a couple—it’s not equipped … Continue reading “Ideo Spinoff ShopWell Says Better Health Starts at the Supermarket; Part 2: Ingredients of a Startup”
Via Science Forms to Launch “Big Data” Analytics Startups
Entrepreneur Colin Hill has formalized his plans to create new data analytics startups with the launch of Via Science. The Cambridge, MA-based firm will serve as part holding company of Hill’s previous two companies, GNS Healthcare and Fina Technologies, and part incubator for hatching new startups, Hill says. Via Science is the corporate vehicle that … Continue reading “Via Science Forms to Launch “Big Data” Analytics Startups”
Salesforce.com Strikes $278M Land Deal to Move HQ to San Francisco’s Mission Bay
Salesforce.com CEO Marc Benioff made headlines earlier this year with a $100 million donation to help build the UCSF Children’s Hospital at Mission Bay. Now, he’s investing even more in the neighborhood, through a real estate deal that will bring a lot of techies into this spot that’s already got quite a few biotechies. Salesforce … Continue reading “Salesforce.com Strikes $278M Land Deal to Move HQ to San Francisco’s Mission Bay”
MIT $100K Elevator Pitch Contest Winning Teams Are Out To Innovate In Aircraft Freight, Bees, And Sustainable Supply Chains
The Elevator Pitch Contest is a leg of MIT’s $100K Entrepreneurship Competition where aspiring student entrepreneurs have just 60 seconds to wow the judges (and the audience) with why their idea is the Next Big Thing. That means getting their pitches down to as few words as possible. And this year, at the fourth annual … Continue reading “MIT $100K Elevator Pitch Contest Winning Teams Are Out To Innovate In Aircraft Freight, Bees, And Sustainable Supply Chains”
ShopWell, Ideo’s First Big Spinoff, Says Better Health Starts at the Supermarket
Researchers at the Centers for Disease Control shocked the nation two weeks ago with a study projecting that by the year 2050, as many as one fifth to one third of U.S. adults could have diabetes, up from just 10 percent today. Part of this increase is inevitable—a side effect of the swelling population of … Continue reading “ShopWell, Ideo’s First Big Spinoff, Says Better Health Starts at the Supermarket”
Memjet Launches at Chicago Expo, Teradata Encourages Use of Unstructured Data, Cleantech Initiative Issues Second Round of Grants, & More San Diego BizTech News
Here we are, trapped between Halloween and Election Day. Good thing we have some interesting biztech news, or there would be nothing fun to do. —Memjet, the San Diego-based startup developing super-fast color inkjet printing technologies, says it is launching its on-demand printing technology for the label and packaging markets at the Pack Expo International … Continue reading “Memjet Launches at Chicago Expo, Teradata Encourages Use of Unstructured Data, Cleantech Initiative Issues Second Round of Grants, & More San Diego BizTech News”
Defeat 1098 For All of Washington
[Editor’s Note: This editorial was co-authored with Patrick Ennis] In the 1990 budget compromise, Senate Majority Leader George Mitchell of Maine, pushed a 10 percent luxury tax through Congress, including that for yachts that cost more than $100,000. Enough Democrats and Republicans agreed that the Robin Hood tax, as it was called, would protect jobs … Continue reading “Defeat 1098 For All of Washington”
Wealthy Will Laugh All the Way to the Bank If I-1098 Tax Measure Fails, Says Investor and Activist Nick Hanauer
By his own estimate, Nick Hanauer makes 500 times as much money as me. So why is he angry? Easy. Because it’s looking like Initiative 1098, Washington state’s proposed income tax on people making more than $200,000 a year ($400,000 for couples), probably won’t pass at the polls tomorrow. Hanauer and Bill Gates, Sr. are … Continue reading “Wealthy Will Laugh All the Way to the Bank If I-1098 Tax Measure Fails, Says Investor and Activist Nick Hanauer”
Khosla, Gates Are Betting On EcoMotors’ Engine Technology to Transform Autos Into Cleaner, Cheaper, and More Powerful Machines
Don Runkle has a bit of news for everyone. It’s engines, not batteries, that will make automobiles cleaner and more efficient. “We unabashedly say that we have the best solution,” says Runkle, the CEO of Allen Park, MI-based engine developer EcoMotors International. The startup, which brought in $23 million in Series B financing this summer … Continue reading “Khosla, Gates Are Betting On EcoMotors’ Engine Technology to Transform Autos Into Cleaner, Cheaper, and More Powerful Machines”
How I’ve Discovered Twitter Can Be a Resource, Not a Waste of Time
“If you’re so busy, why do you spend so much time on Twitter?” So asks a member of my household who shall go unnamed here. Well, here’s why. Twitter has become my primary source for news, my point of contact with the important people in my life, and my connection to a rich and growing … Continue reading “How I’ve Discovered Twitter Can Be a Resource, Not a Waste of Time”
Boston Robotics Firms, While Making Strides, Could Lose Their Edge to Google and the Valley
None of this would have happened 10 years ago. Where to begin? Last month, I walked into a room of about a dozen robotics experts and technology startup investors. It was one of the sessions at the MassTLC Innovation “unConference” in Boston. The discussion centered around how to build a successful robotics company. But it … Continue reading “Boston Robotics Firms, While Making Strides, Could Lose Their Edge to Google and the Valley”
Travel Sites Go After Google, Trimble Buys ThingMagic, Digg Downsizes, & Other Bay Area BizTech News
Last week wasn’t awash in early-stage startup news—familiar Bay Area software, Web, and energy companies dominated the technology headlines. —A coalition of online travel companies including Expedia, Farelogix, Hotwire, and Sabre Holdings launched a lobbying effort to persuade the U.S. Department of Justice to block Google’s proposed acquisition of Cambridge, MA-based ITA Software. The group, … Continue reading “Travel Sites Go After Google, Trimble Buys ThingMagic, Digg Downsizes, & Other Bay Area BizTech News”
The Future of Health IT—Video Clips From Athenahealth’s Jonathan Bush & Others at Xconomy Debate
A few weeks ago, we hosted an Xconomy Xchange evening featuring Jonathan Bush, CEO of Watertown, MA-based Athenahealth (NASDAQ: [[ticker:ATHN]]), and Girish Navani, his counterpart at Westborough, MA-based eClinicalWorks. With Pam McNamara, president of Cambridge Consultants, wielding a gavel to moderate, the two competitors discussed and debated the future of health IT. You can read … Continue reading “The Future of Health IT—Video Clips From Athenahealth’s Jonathan Bush & Others at Xconomy Debate”
How the VC and Angel Investing Landscape is Being Transformed: Highlights from VC Crossfire
[Correction: 7:40 am 11/1/10] Last night was the big night—we gathered some of the biggest names in Northwest financing for Xconomy’s “VC Crossfire” event, at Amazon’s new headquarters in Seattle’s South Lake Union neighborhood. The panelists consisted of some of the region’s top financiers and technology entrepreneurs—including Bob Nelsen of Arch Venture Partners; Tom Alberg … Continue reading “How the VC and Angel Investing Landscape is Being Transformed: Highlights from VC Crossfire”
A Silicon Valley Prescription for Boston and Other Startup Hubs: Throw More Parties
A few friends have asked me how my life has changed since I moved from Boston to San Francisco to open Xconomy’s Bay Area bureau. Do you want to know the real answer? I drink more. A lot more. In the Silicon Valley technology startup world that I cover, there’s at least one cocktail party, … Continue reading “A Silicon Valley Prescription for Boston and Other Startup Hubs: Throw More Parties”
PacBio’s $200M IPO, Ablexis’ 5-Way Big Pharma Deal, Codexis Morphs Into $100M Business, & More Bay Area Life Sciences News
This week, the life sciences tool industry grabbed a rare opportunity to take the spotlight away from its better known counterpart the biopharmaceutical business. —Menlo Park, CA-based Pacific Biosciences (NASDAQ: [[ticker:PACB]]) made the biggest headline this week when it pulled the trigger on a $200 million IPO that gave it a beginning market cap of … Continue reading “PacBio’s $200M IPO, Ablexis’ 5-Way Big Pharma Deal, Codexis Morphs Into $100M Business, & More Bay Area Life Sciences News”
Antigenics Expands Experimental Cancer Treatment, Novartis Adds to Cambridge Presence, Boston Scientific Sells Unit to Stryker, & More Boston-Area Life Sciences News
It was a meaty life sciences news week for us that was finished off with a scoop on a legal entanglement between a biotech startup, a research institute, and a big drugmaker. We also had profile stories on some interesting health IT companies, as well as breaking news on clinical trials and expansion moves by … Continue reading “Antigenics Expands Experimental Cancer Treatment, Novartis Adds to Cambridge Presence, Boston Scientific Sells Unit to Stryker, & More Boston-Area Life Sciences News”
A Thousand Microbes in Your Mouth and Other Scenes From the 2010 TEDMED Conference
The TEDMED conference, with its two-hour sessions of engrossing 15-minute presentations on medical technology, education, and design, returned this week to the San Diego area’s famed Hotel del Coronado. Like its progenitor, the annual TED conference in Long Beach, the four-day TEDMED event cultivates an aura of exclusivity by mixing talks from celebrities, prominent CEOs, … Continue reading “A Thousand Microbes in Your Mouth and Other Scenes From the 2010 TEDMED Conference”
PeerTransfer Picks Up $1.1M from Spark, Other Prominent Investors
Boston-area-based peerTransfer, a financial services software startup, said today it has raised its first financing round from an impressive list of venture capitalists and angel investors. The news was reported by the New York Times and other media outlets. This financing is news because of the core idea and who the investors are, more than … Continue reading “PeerTransfer Picks Up $1.1M from Spark, Other Prominent Investors”
UW Building $20M Fund to Back University Startups, Following the “Utah Model”
The University of Washington is in the final stages of putting together a $20 million investment fund, backed by wealthy individuals and foundations, that will rely heavily on business students to spin more startups out of university labs, Xconomy has learned. The new source of capital, called the Husky Bridge Investment Fund, has received commitments … Continue reading “UW Building $20M Fund to Back University Startups, Following the “Utah Model””
Bay Area Biotech Startup at Odds with Dana-Farber and Novartis Over Cancer Drug Rights
[Updated and corrected, 12:24 pm Eastern time on 11/02/10.] There’s been some wrangling over a potential breakthrough lung cancer drug in U.S. District Court in Boston, according to court records. The legal battle has pitted a little-known biotech firm in Millbrae, CA, called Gatekeeper Pharmaceuticals against the prominent Dana-Farber Cancer Institute in Boston and the … Continue reading “Bay Area Biotech Startup at Odds with Dana-Farber and Novartis Over Cancer Drug Rights”
LaserMotive Beams Power to “Quadrocopter” UAV, Breaks World Record for Electric Aircraft
A couple of startup companies set a world aviation record last night. But they were pretty low-key about it. As I walked into the Future of Flight Aviation Center in Mukilteo, WA, a half hour north of Seattle, I saw little activity. It was after hours, and the hangar-like building was nearly deserted except for … Continue reading “LaserMotive Beams Power to “Quadrocopter” UAV, Breaks World Record for Electric Aircraft”
The Two-Second Advantage: Talking with TIBCO’s Vivek Ranadivé
He might not have the profile of a Jobs, Ellison, or Zuckerberg, but in a region where so many corporations are identified with their iconic CEOs, Vivek Ranadivé stands out even more than most as the face and voice of his company. The tagline at Palo Alto, CA-based TIBCO Software (NASDAQ: [[ticker:TIBX]]) is “The Power … Continue reading “The Two-Second Advantage: Talking with TIBCO’s Vivek Ranadivé”
Boston Scientific to Sell Neurovascular Unit to Stryker for $1.5B
Natick, MA-based Boston Scienfic is getting out of the neurovascular business. The medical devices giant (NYSE:[[ticker:BSX]]) said today it has agreed to sell the business to Kalamazoo, MI-based Stryker (NYSE:[[ticker:SYK]]) for $1.5 billion in cash. The deal is expected to close before the end of the year, according to the companies. Boston Scientific said it … Continue reading “Boston Scientific to Sell Neurovascular Unit to Stryker for $1.5B”
Nearlyweds Raises $500K, Acquires OneWed, Aims to Make Tying the Knot Simpler
Seattle-based social wedding software company Nearlyweds said today it has closed a $500,000 equity financing round from Founder’s Co-op, Jon Kelly, Andy Liu, David Niu, and other investors. The startup also announced it has acquired Chicago-based OneWed for an undisclosed amount. Nearlyweds, founded in 2007, designs personalized wedding websites for couples for a flat rate. … Continue reading “Nearlyweds Raises $500K, Acquires OneWed, Aims to Make Tying the Knot Simpler”
PacBio IPO, Not Exactly the Netscape Moment of 2010, But a Win for Genomics
The Pacific Biosciences IPO was an important deal yesterday for more reasons than one. The Menlo Park, CA-based company (NASDAQ: [[ticker:PACB]]) not only was able to raise $200 million yesterday through an initial public offering in the middle of its expected range, but it established a lofty $800 million market valuation by life sciences industry … Continue reading “PacBio IPO, Not Exactly the Netscape Moment of 2010, But a Win for Genomics”
Ariad Pharma, After 18-plus Years, Sets Sights on Not One, But Two, Marketed Cancer Drugs
The cancer drug developer Ariad Pharmaceuticals (NASDAQ:[[ticker:ARIA]]) is headquartered on the same block in Cambridge, MA, as Millennium: The Takeda Oncology Company. Like Millennium has done with its game-changing cancer treatment bortezomib (Velcade), Ariad now has a big opportunity with the lead cancer drug in its pipeline, ridaforolimus. Ariad, which has no marketed products, could … Continue reading “Ariad Pharma, After 18-plus Years, Sets Sights on Not One, But Two, Marketed Cancer Drugs”
Triangulation: How Universities, Government, and Business Can Stir More Innovation
Successful innovation in the life sciences requires that three entities with fiercely independent cultures and largely non-overlapping goals—government, universities, and the private sector—have meaningful dialogues with each other. That is not happening at the moment. Consider the cycle for creating a therapy, diagnostic or medical device. Academic research is funded largely by the federal government, … Continue reading “Triangulation: How Universities, Government, and Business Can Stir More Innovation”