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 [...]
Five Purdue Foundry-affiliated startups are among the businesses from around Indiana to win funding by Elevate Ventures to spur growth. The startups are among 16 chosen from 58 finalists that competed Feb. 25-27 in the second regional Elevate Nexus Pitch Competitions. Elevate Ventures awarded a total of $680,000 in preseed and seed funding. The Purdue-affiliated startup [...]
Investors must like what they see among Hoosier technology companies, because they’re sure bringing in their dollars. Last year saw a serious uptick in investments from venture capital firms and other types of funding sources, and the new decade began with a bang that only held the trend. 2019 was one of the best years [...]
Two Purdue University researchers have received a total of $80,585 from the Trask Innovation Fund to help their labs commercialize their innovations. The fund is a development program established to support projects that advance the commercial value of Purdue intellectual property. The fund makes awards twice a year to aid faculty and staff with their patented innovations [...]
West Lafayette, Ind.-based Purdue University's medical technology investment fund allotted $500,000 to PhysIQ, a healthcare startup founded by a Purdue alumnus, according to a Jan. 29 news release. PhysIQ uses artificial intelligence to analyze real-time physiological data gathered by wearable sensors. Because it not only identifies patients in need of interventions, but can also demonstrate the [...]
innovosource note: Indiana and other states are realizing the value of investment into early stage innovation and startups. Many of them are accomplishing this by supporting gap fund/accelerator programs at research institutions. In a previous article, we uncovered over 30 states in the US and countless established and emerging innovation economies across the globe [...]