CityClub, a Seattle-based nonprofit that seeks to connect with citizens about complex issues, is organizing a panel discussion on innovation and entrepreneurship at its annual fundraiser. University of Washington president Mark Emmert, Greg Gottesman of Madrona Venture Group, Kevin Goodwin of Sonosite, UW computer scientist Yoky Matsuoka, and Christina Lomasney of Modumetal will be part … Continue reading “Washington’s Culture of Creative Enterprise: CityClub Anniversary Luncheon”
Airbiquity, Hitachi Team Up on Electric Cars
Seattle-based Airbiquity announced today it has formed a partnership with Tokyo-based Hitachi Automotive Systems to develop telecommunications systems for electric vehicles. Financial terms of the deal weren’t given. The technology could allow drivers to do things like check their battery using their mobile phone, locate nearby charging stations, and get directions. The move is part … Continue reading “Airbiquity, Hitachi Team Up on Electric Cars”
Ford App Controls Smartphones
Ford Motor Company’s wireless division announced today that AppLink, a downloadable application for its Sync in-car communications and “infotainment” system, will allow drivers to use voice commands to control certain apps on their mobile phones. Available first on the 2011 model Ford Fiesta, Applink will work initially with Android and BlackBerry devices, and will allow users … Continue reading “Ford App Controls Smartphones”
Learn How EMC, Microsoft, and Other Technology Giants Are Navigating the Evolving Healthcare Landscape at Next Week’s Xconomy Forum
Big technology companies are playing a major role in shaping the health IT field here in Boston and beyond. That is why we’ve asked healthcare leaders from EMC and Microsoft to present their insights at our “Healthcare In Transition” forum next week at the MIT Media Lab (register here). EMC, for instance, is exploring different … Continue reading “Learn How EMC, Microsoft, and Other Technology Giants Are Navigating the Evolving Healthcare Landscape at Next Week’s Xconomy Forum”
For San Diego Biomedical Firms with Stakes in Swine Flu, It’s Time for a Check-Up
As swine flu raced through colleges and communities last summer and fall, at least five San Diego companies with flu-related products or research programs saw their share prices surge. Investors were betting that swine flu, the predominant circulating flu virus in the U.S., presented a real opportunity for these companies. Now comes the reckoning. The … Continue reading “For San Diego Biomedical Firms with Stakes in Swine Flu, It’s Time for a Check-Up”
Dyax in $12M Royalty Deal
Dyax (NASDAQ:[[ticker:DYAX]]), a Cambridge, MA-based biotech company, reports today that it has sold its rights to royalties and fees from sales of a hemophilia treatment it discovered to Paul Capital Healthcare for up to $12 million. The deal includes a $10 million upfront payment and up to $2 million in milestone payments tied to sales … Continue reading “Dyax in $12M Royalty Deal”
Ligand Pockets $6.5M From Roche
San Diego-based Ligand Pharmaceuticals (NASDAQ: [[ticker:LGND]]) said today it has earned a $6.5 million milestone payment from Switzerland-based Roche in connection with the advancement of a hepatitis C drug candidate into clinical trials. The product, RG7348, was the subject of a collaboration in 2008 between Roche and Metabasis Therapeutics, which Ligand acquired in January. Ligand … Continue reading “Ligand Pockets $6.5M From Roche”
Seattle Genetics Nabs $9.5M
Seattle Genetics, the developer of targeted cancer drugs in Bothell, WA, said today that Genentech, the U.S. unit of Roche, has agreed to pay $9.5 million to extend a licensing agreement between the two companies. Genentech has renewed its right to develop what are called “empowered antibodies” in which an antibody is made to zero … Continue reading “Seattle Genetics Nabs $9.5M”
The Man Behind Madrona’s Investment in Searchandise: Lessons in VC, Company-Building, and Selling to Microsoft
If you live in Seattle and follow technology trends, you know who Brian McAndrews is. If you’re a Boston techie, though, it’s possible that you don’t. Luckily, you have Xconomy to help bridge the gap between East and West. (Bear with me here.) McAndrews is a relatively new managing director at Madrona Venture Group, a … Continue reading “The Man Behind Madrona’s Investment in Searchandise: Lessons in VC, Company-Building, and Selling to Microsoft”
At Xconomy Detroit, A New Narrative Begins In A City That Is Always Striving
Welcome to Xconomy Detroit, a continuing chronicle of what this city is “becoming.” The word “Detroit” has always been immersed in meaning far beyond the physical borders of this great and tragic city. At one time, there was no need to define what one meant by the phrase “coming out of Detroit.” It was synonymous … Continue reading “At Xconomy Detroit, A New Narrative Begins In A City That Is Always Striving”
Xconomy Opens in Detroit to Tell a Vital Story of Innovation and Economic Transformation
Even as the Detroit Red Wings seek to battle back in their NHL playoff series against the Phoenix Coyotes, entrepreneurs and innovators in Michigan are working overtime to help the state meet an economic challenge far more imposing than the Coyotes are on ice. That’s how we see it here at Xconomy, and that’s why … Continue reading “Xconomy Opens in Detroit to Tell a Vital Story of Innovation and Economic Transformation”
Five Things Entrepreneurs and Innovators in Michigan Can Do to Reinvigorate Our Regional Economy
1. Reinforce success — Our research and development ranks second in the nation behind Delaware, in part because of the massive amount of research done by the auto industry. In spite of the current problems, this research has allowed Detroit to lead the auto industry for almost 100 years. A great deal of this research … Continue reading “Five Things Entrepreneurs and Innovators in Michigan Can Do to Reinvigorate Our Regional Economy”
Michigan Approves Tax Incentives For Tech Companies
The state of Michigan is continuing its focus on using tax incentives to convince companies to locate here, or stick around, and a few technology companies are among the latest beneficiaries. The Michigan Economic Growth Authority recently approved tax breaks for the following tech companies. Ash Stevens: The Detroit-based life sciences research company will receive … Continue reading “Michigan Approves Tax Incentives For Tech Companies”
Amplyx Pharmaceuticals, Led By Women, Builds Platform for Improving Drugs for HIV, Cancer
Sometimes a company only raises a small sum of money, but it attracts our attention because it involves interesting people and a potentially big idea. That was true last week when I profiled Avelas Biosciences, the latest startup from UCSD Nobel laureate Roger Tsien, and it’s true this week of another small company in San … Continue reading “Amplyx Pharmaceuticals, Led By Women, Builds Platform for Improving Drugs for HIV, Cancer”
Prostate Treatment Developer HistoSonics Gets $11M, U-M Tech Transfer Beams With Pride
Seems everybody is getting what they need out of medical device startup HistoSonics, a University of Michigan spinout that recently collected $11 million in Series A financing. Ken Nisbet, executive director of the U-M Tech Transfer office, got what he calls a “dream come true,” a kind of poster child for everything his office can … Continue reading “Prostate Treatment Developer HistoSonics Gets $11M, U-M Tech Transfer Beams With Pride”
10 Ideas for Strengthening Michigan’s Innovation Economy
1. Support the relevant state-regional-level infrastructures: favorable state capital gains tax, generous support for K-12, university education. 2. Develop professional, competent, adequately funded technology transfer offices in Michigan research universities. Develop some system for lowering cost of start-up capital (low-interest state loans, etc). 3. Pick *one* geographic area (probably Ann Arbor, since young professionals would … Continue reading “10 Ideas for Strengthening Michigan’s Innovation Economy”
Boston’s LED Cluster: Lighting Up Everything From Projectors to the Pru
Boston isn’t Houston as far as energy industry hubs go. But here in New England, there is a lot of innovation with light-emitting diodes, these energy-conserving tools that can be found everywhere from homes to warehouses to urban skyscrapers, and embedded in products like TVs, projectors, medical devices, and software systems. Light-emitting diodes, which are … Continue reading “Boston’s LED Cluster: Lighting Up Everything From Projectors to the Pru”
Sotera Wireless Secures $10,750,000 Series C Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9010a5ad-dd71-4b5b-bd57-8373e412fcc0&Preview=1 Date 4/20/2010 Company Name Sotera Wireless Mailing Address 9444 Waples Street San Diego, CA 92121 Company Description Our vision is to revolutionize patient safety by enabling the early detection of deterioration in patients who are mobile and free to move about in the hospital or the home. With adequate warning of … Continue reading “Sotera Wireless Secures $10,750,000 Series C Round”
Networked Insights Obtains $5,000,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e5ae2451-3445-4e3d-bba8-fa14740f0061&Preview=1 Date 4/20/2010 Company Name Networked Insights Mailing Address 33 East Main Street Madison, WI 53703 Company Description Networked Insights represents the shift from market research to customer generated insights. We enable companies to engage with their customers on a continual basis to deliver relevant insights on the market, customer and company … Continue reading “Networked Insights Obtains $5,000,000 Series A Financing Round”
Google Acquires Agnilux for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e1ade6ee-4d0c-431e-983e-96689ef397ac&Preview=1 Date 4/20/2010 Company Name Agnilux Mailing Address Undisclosed San Jose, CA 95101 Company Description The stealthy company is rumored to have been developing a server chip. Website http://www.agnilux.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were not disclosed.
Tumblr Lands $5,000,000 Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3aa1dd99-4bce-481f-b50c-b5a839f89f5d&Preview=1 Date 4/20/2010 Company Name Tumblr Mailing Address 419 Park Avenue South New York, NY 10016 Company Description To make a simple analogy: If blogs are journals, tumblelogs are scrapbooks. You can also look at tumblelogs as slightly more structured blogs that make it easier, faster, and more fun to post and … Continue reading “Tumblr Lands $5,000,000 Series C Funding Round”
SendGrid Receives $5,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cd8fa734-0d6f-4819-85b3-1d4888966182&Preview=1 Date 4/20/2010 Company Name SendGrid Mailing Address 1877 Broadway St Boulder, CO 80302 Company Description SendGrid transparently handles DKIM, SPF, ISP rate limits, content inspection, bounces, and spam reports to help users achieve higher deliverability. SendGrid integrates in minutes by just changing three SMTP settings. We even assign our users their … Continue reading “SendGrid Receives $5,000,000 New Funding”
Pivot3 Secures $4,000,000 Series D Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d6d244b5-b8c7-42b9-b097-824fd0cebd91&Preview=1 Date 4/20/2010 Company Name Pivot3 Mailing Address 816 Congress Avenue Austin, TX 78701 Company Description Pivot3 Transforms How Customers Invest in Storage. The founding team, developers and marketers of early custom RAID controllers with credit for over 50 storage patents, shared a vision for a storage virtualization architecture that required no … Continue reading “Pivot3 Secures $4,000,000 Series D Financing”
Michigan Microloan Fund Gives $115K
The Michigan Microloan Fund Program has awarded three startup companies a combined total of $115,000, according to an announcement Monday by Ann Arbor SPARK, which manages the fund. Companies receiving the funds are CYJ Enterprises, a Detroit-based startup commercializing an emergency management system for child and adult care providers; Ann Arbor, MI based Ix Innovations, … Continue reading “Michigan Microloan Fund Gives $115K”
CombiMatrix Cuts Mukilteo Facility, CEO Resigns, Shifts to Diagnostic Strategy
Big cuts are happening at Mukilteo, WA-based CombiMatrix (NASDAQ: [[ticker:CBMX]]). CEO Amit Kumar is stepping down, expenses are being cut, and the board is betting the future of the company on diagnostics, not on its traditional business of selling genetic analysis instruments to researchers. The company’s statement today is vague, but the news is clearly … Continue reading “CombiMatrix Cuts Mukilteo Facility, CEO Resigns, Shifts to Diagnostic Strategy”
Twitter Pitch Contest at MIT
The organizers of the MIT’s $100K Entrepreneurship Competition, which is celebrating its 20th year in 2010, announced last week the newest addition to their lineup of contests: a $500 Twitter pitch or “Twitch” competition. Anyone can enter by tweeting their business idea in 140 character or less, reserving 11 characters for the required hash tag … Continue reading “Twitter Pitch Contest at MIT”
Javelin Pharma Dumps Myriad for Hospira
Javelin Pharmaceuticals (AMEX:[[ticker:JAV]]), a Cambridge, MA-based developer of pain treatments, reports today that it has nixed its merger agreement with Myriad Pharmaceuticals (NASDAQ:[[ticker:MYRX]]) and accepted a $145 million buyout offer from the specialty drugmaker Hospira. Lake Forest, IL-based Hospira (NYSE:[[ticker:HSP]]) plans to begin its tender offer to acquire shares of Javelin’s common stock on Wednesday … Continue reading “Javelin Pharma Dumps Myriad for Hospira”
Hygeia Completes $1M Series A
Hygeia Therapeutics, a Holden, MA, developer of hormone-based topical drugs, has closed a $1 million round of Series A funding, the company announced today. Hygeia did not reveal the investors in the round, but said the funding will go to testing its topical synthetic estrogen drug designed to treat age-related skin thinning, and will fuel … Continue reading “Hygeia Completes $1M Series A”
NanoString Unveils MicroRNA Kit
NanoString Technologies, the Seattle-based maker of tools for genetic analysis, said today it has introduced a new product to analyze microRNA molecules on its nCounter instrument. MicroRNAs are tiny strings of RNA that don’t carry the instructions for making genes, but are thought to regulate the activity of important biological processes. NanoString is rolling out … Continue reading “NanoString Unveils MicroRNA Kit”
San Diego’s Top 10 Venture Deals: Most of the Money Goes to Life Sciences
[Corrected 4/19/10, 1:00 pm. VentiRx Pharmaceuticals CEO Michael Kamdar says the company raised $25 million, not $12.5 million. See below.] The folks who count every leaf that falls off the money tree for venture-backed startups have graciously provided a breakout of the 10 biggest VC deals in San Diego so far this year. This list … Continue reading “San Diego’s Top 10 Venture Deals: Most of the Money Goes to Life Sciences”
The Capital Network: Raising Capital for CleanTech
Calling early-stage cleantech companies: come learn how to distinguish the different funding opportunities—such as VC, angel funding, government grants, and utility partnerships—that you could be using to get off the ground. A cleantech company founder and a state official will explain how your startup can attract funding, at this event sponsored by The Capital Network. … Continue reading “The Capital Network: Raising Capital for CleanTech”
Mobile Meets the Marathon
Everyone around Boston gets into the marathon spirit on Patriot’s Day, even startups. Today, two Boston-based mobile companies are using the event to highlight their technologies. One is Skyhook Wireless, which makes the software that iPhones, Dell notebook computers, and other mobile devices use to determine their locations based on GPS and Wi-Fi signals. Last … Continue reading “Mobile Meets the Marathon”
MITEF of Cambridge: In-NOW-vation Technology Showcase and Celebration
Come mingle with area entrepreneurs, whose technologies facilitate kids’ used clothing swaps, make online shopping a bit more personal, aid you in searches on your mobile phone, and create social networks, virtual worlds, and online gaming. Cambridge’s MIT Enterprise Forum will be hosting this open house, with drinks, networking,and demos. Event-goers will vote on what … Continue reading “MITEF of Cambridge: In-NOW-vation Technology Showcase and Celebration”
MITEF of Cambridge Life Sciences & Healthcare SIG- Early-Stage Investing: Where the Money’s Going
Life sciences venture capitalists will discuss opportunities they’re finding in early-stage biotech and medical devices companies, despite what seems to be a dropoff in funding, at this MIT Enterprise Forum of Cambridge-hosted discussion. They’ll also be sharing which life sciences and healthcare technologies they find most promising. You can register for this one here.
MITEF of Cambridge Software SIG: Marketing with No Budget
Entrepreneurs who have managed to market their products at minimal cost will dish at this MIT Enterprise Forum of Cambridge event. Come hear about their strategies for getting buzz out through blogs and viral video, and share your experiences in the space, too. Register here.
Tangoe Files for $75M IPO
Tangoe, an Orange, CT-based provider of enterprise communication management software, has filed for an initial public offering of $75 million in common stock. The proceeds from the IPO will go to paying down the company’s debt, as well as increasing capital for financing growth, developing new products, and funding potential future investments and acquisitions, the … Continue reading “Tangoe Files for $75M IPO”
Startup Automaker Aptera Gets Back in Gear, Streaming Video Companies Vie for Attention, MeLLmo Gets Better at Mobile Graphics, & More San Diego BizTech News
The noble cause of technology innovation is a great race. Just look at Aptera Motors, which appeared to be running out of cash last fall as it laid off much of its workforce. Now—after refueling with $10 million in VC funding—the Vista, CA, carmaker revealed plans to hire 500 people for its new assembly plant … Continue reading “Startup Automaker Aptera Gets Back in Gear, Streaming Video Companies Vie for Attention, MeLLmo Gets Better at Mobile Graphics, & More San Diego BizTech News”
Washington’s Top 10 Venture Deals of the First Quarter—and Some Reactions
The first three months of 2010 are in the books. The dreaded tax day has passed. Time to look back at the top 10 venture capital deals in Washington state so far this year, and see what the trends are. What kinds of companies are getting cash? Who’s unable to attract the loot, and why? … Continue reading “Washington’s Top 10 Venture Deals of the First Quarter—and Some Reactions”
Massachusetts is the Unsung Hotbed for Video Games, MIT Conference Panelists Say
When it comes to the video game industry in Massachusetts, “we have a major brand problem,” says Jason Schupbach, the creative economy industry director of the Massachusetts Department of Business Development. “We have an amazing technology community here, but we don’t have a huge history of consumer-facing brands being based here,” he said at a … Continue reading “Massachusetts is the Unsung Hotbed for Video Games, MIT Conference Panelists Say”
Will Your Doctor Carry an iPad? Xconomy Delves Into the Future of Health IT on May 12
Some of our regular readers have noticed we are on a Health IT kick around here at Xconomy. We launched a new Health IT website earlier this month, and our colleagues in Boston are gearing up for a big event on that theme there on April 26. Not to be outdone, Greg and I are … Continue reading “Will Your Doctor Carry an iPad? Xconomy Delves Into the Future of Health IT on May 12”
Cambridge Science Festival- Advances in Biomedicine: From Bench to Bedside
Pharmaceutical companies will dish on how their technologies make it from development to drugs, at this session of the Cambridge Science Festival. They’ll cover topics from stem cell technology to protein engineering to metabolomics, and even the importance of collaboration. E-mail to register.
Technology Night in Kendall Square
It’s open door night for area tech companies. Neighborhood institutions—from Microsoft to the Cambridge Innovation Center—will give you a peek inside their operations, as part of Cambridge’s Science Festival.
Cambridge Science Festival: Big Ideas for Busy People
Here’s an event that cuts to the chase. Area thinkers in science and technology will each give five-minute presentations on an array of ideas, at this Cambridge Science Festival session.
Legal Issues for Startups: What Every Entreprenuer Should Know
WilmerHale lawyers and Jeffrey McCarthy, of North Bridge Venture Partners, will discuss legal to-dos for new businesses, from start to finish. Get their take on startup law issues, including licensing technology, hiring employees, getting government funding, and preparing for an initial public offering or a merger. RSVP here.
MITEF Energy SIG: Seizing the Energy Efficiency Opportunity
When it comes to energy efficiency, there’s plenty of green available beyond environmental gain. Learn how make a business opportunity out of the growing buzz surrounding energy efficiency, and check out companies that are innovating in various aspects of the energy supply chain, at this event put on by the MIT Enterprise Forum of Cambridge. … Continue reading “MITEF Energy SIG: Seizing the Energy Efficiency Opportunity”
Surveys Agree on Rising Tide of VC Activity, But Differ on the Ebb and Flow
After running the early returns on first-quarter venture activity, we got some additional perspective from other sources over the weekend that show an ebb of VC investments in life sciences startups and a surge in energy deals. All three VC surveys—from Dow Jones, MoneyTree, and CB Insights—showed an overall rising tide compared with the first … Continue reading “Surveys Agree on Rising Tide of VC Activity, But Differ on the Ebb and Flow”
American Competitiveness Hinges on Clean Energy
Energy is a $6 trillion global industry, and will likely grow to more than $10 trillion by mid-century. As clean energy replaces carbon-based energy sources around the world, new markets employing millions of people will emerge. Countries like China recognize this opportunity, and are racing decisively ahead. Meanwhile, the United States’ inaction is relegating our … Continue reading “American Competitiveness Hinges on Clean Energy”
Metagenomix Secures New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9f57c4d6-868a-4c32-bd28-0ba721c79edb&Preview=1 Date 4/19/2010 Company Name Metagenomix Mailing Address 41 Cumpstone Rd Hamden, CT 06518-2424 Company Description Metagenomix Inc is a private company categorized under Wholesale Pharmaceutical Products and located in Hamden, CT. Current estimates show this company has an annual revenue of $100,000 and employs a staff of approximately 2. Website Undisclosed … Continue reading “Metagenomix Secures New Funding Round”
Brain Tunnelgenix Lands $250,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=df82e787-fab0-4c6e-8426-166338ea0280&Preview=1 Date 4/19/2010 Company Name Brain Tunnelgenix Mailing Address 375 Mather Street Hamden, CT 06514 Company Description Brain Tunnelgenix Technologies Corp. (BTT Corp.) is a company unlike any the world has seen before. We are a company uniquely built not only on the power of science, but above all a company that … Continue reading “Brain Tunnelgenix Lands $250,000 New Funding”
FMP Products Garners New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a0d32493-9dfb-4121-9ad5-1e11a7de0ee1&Preview=1 Date 4/19/2010 Company Name FMP Products Mailing Address 100 Melrose Greenwich, CT 06830 Company Description FMP develops laboratory automation solutions for the pharmaceutical, general research, clinical research and clinical diagnostics marketplace. with over 100 years in combined research experience the FMP team offers customers a wealth of knowledge and insight regarding … Continue reading “FMP Products Garners New Funding”