Indiana University has launched its Academic Accelerator program to promote the development of new high-tech ventures. The initiative launched in partnership with the National Security Innovation Network, a program within the U.S. Department of Defense, and Eccalon, a leading research and technology commercialization company. IU is one of four universities in the inaugural cohort designed [...]
Purdue University inventors who are prepared to move their innovations to market have until Feb. 19 to apply for funding through the Trask Innovation Fund. The fund is designed to advance the commercial potential of Purdue intellectual property through short-term research projects. Submitted proposals will be reviewed by the Purdue Research Foundation Office of Technology Commercialization based on criteria including [...]
The Purdue Ag-Celerator has invested a total of $100,000 in a Purdue University startup for the fall round of investment. The recipient is DISCOVER (DIagnostic Sensors for Cause of bOVinE Respiratory disease), a startup created by Mohit Verma, an assistant professor of agricultural and biological engineering at Purdue. DISCOVER is a device for suggesting which antibiotic is most [...]
A new funding option is helping provide support for Purdue-affiliated startups looking to gain traction and improve the world through innovative technologies. The Purdue Startup Fund was started in 2020 by Purdue Ventures, an arm of the Purdue Foundry. The Foundry is an entrepreneurship and commercialization hub whose professionals help Purdue innovators create and grow startups. “This [...]
From doubled conversion rates to significantly increased margins, 14 Purdue University-affiliated startups have found success through a new program with the Purdue Foundry. Started in 2019, the Double Down Experiment (DDX) is designed to help startups identify and overcome the challenges of launching a high-growth business. DDX just graduated its first two cohorts. Some of the DDX [...]
Diagnostic cancer testing startup Amplified Sciences is the first company to receive a double investment through IU Ventures' startup support ecosystem. After receiving an investment from the IU Philanthropic Venture Fund in April 2020, Amplified Sciences attracted a $25,000 investment through the IU Angel Network in June. "An objective of IU Ventures is to introduce each founder we meet to resources to support [...]
WEST LAFAYETTE, Ind. — Purdue University will reach 275 startups within the coming fiscal year in startup creation. Providing strength and longevity to Purdue-affiliated startups is the more than $400 million dollars in support and investments the startups have brought to Indiana, much from venture capitalists. “Venture capitalists are interested in companies with innovations that [...]
The IU Philanthropic Venture Fund and the Innovate Indiana Fund, which provide capital to companies founded by Indiana University faculty, students, alumni and staff to help bring their research and innovations to the public through new ventures, have made a cumulative follow-on investment of $250,000 in Indianapolis-based Diagnotes Inc. Diagnotes provides a suite of team-based, patient-centered collaboration tools [...]
The IU Philanthropic Venture Fund has invested $125,000 in the recent Series Seed funding round for Amplified Sciences, an Indiana life sciences startup that leverages patent-protected technology that amplifies difficult-to-find biomarkers. Its lead assay in development helps clinicians test for pancreatic cancer and better treat patients with pancreatic cysts. "Among the incredible Indiana community of biopharma and [...]
The IU Philanthropic Venture Fund, managed by IU Ventures, is investing $250,000 in The Bee Corp, an Indiana agtech startup developing solutions for growers and beekeepers who rely on commercial pollination. The company uses infrared cameras that attach to a smartphone to provide a noninvasive look at the health of the hive. More than half a dozen [...]