Life Sciences
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Portal Innovations launches fund and incubator for spinouts in Utah
Woodbine Labs will support spinouts from local institutions like the University of Utah and Brigham Young University.
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Inven2 brings in Hans Vassgård Eid to double down on investments
Hans Vassgård Eid’s appointment comes half a year after the tech transfer office Inven2 helped launch a life sciences investment fund.
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IIT Madras launches ₹6 billion deep tech fund
IIT Madras has joined forces with Unicorn India Ventures to launch a deep tech fund that aims to invest in more than 25 companies.
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Montana Children’s Health secures €30 million to commercialise paediatric healthcare research
The vehicle is the first to receive a capital commitment through the EIF and Madrid government’s Innvierte Technology Transfer & Deep-Tech fund of funds.
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Apuri BioVenture launches to build spinouts
The Chinese firm will focus on building ventures around university research with seasoned operators rather than relying on faculty founders.
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Penn joins BioNTech and OUP to launch $50 million PxB Fund
The Penn-BioNTech Innovative Therapeutics Seed Fund follows the announcement of Penn’s $10 million StartUP Fund last month.
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IIT Bombay creates ₹2.5 billion Y Point Venture Capital Fund
The Y Point Venture Capital Fund will primarily invest in early-stage, deeptech IIT Bombay spinouts, but also back startups from other institutions.
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Alexander Khalessi promoted to chief innovation officer at UC San Diego Health
Alexander Khalessi is the current chair of neurological surgery and a professor of surgery, radiology and neurosciences at UC San Diego Health.
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Fudan University launches two funds, worth a combined $242 million
The Chinese university has set up a CN¥1 billion fund and a $100 million vehicle in order to significantly bolster its innovation ecosystem.
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UTokyo IPC closes the ASA Fund, backs Red 1 Healthcare
UTokyo Innovation Platform has achieved a final close of its Academic Startup Acceleration Fund, and concurrently made an LP investment in the Red 1 Healthcare fund.
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Entertech VCIF launches to back Turkish startups
The fund has been created by Entertech Istanbul Technopark, which is owned by Istanbul University and Istanbul University-Cerrahpaşa.
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Breakthrough Victoria backs the SYNthesis BioVentures Fund I
Created by Monash University’s Prof Andrew Wilks, the SYNthesis BioVentures Fund I works with Australian research institutes to scale their spinouts.
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William Kirkland picked to helm South Carolina Research Authority
The former executive of the University of South Carolina’s Office of Economic Engagement will run the South Carolina Research Authority.
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Polytechnique Ventures secures €21 million for second fund
The École Polytechnique-aligned fund has a final target of €30 million to €40 million, which would roughly double its assets under management.
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Cleveland Clinic and Khosla Ventures cooperate on venture creation
Cleveland Clinic and Khosla Ventures have inked a partnership that will see the two collaborate on spinout creation.
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University of Dubai launches deep tech fund
The AED100 million Dubai Tech X Fund will invest in deep tech and AI spinouts in an effort to bolster the regional innovation ecosystem.
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Hong Kong University of Science and Technology launches new fund
The Gobi-Redbird Innovation Fund has secured the backing of the government-owned Hong Kong Investment Corporation.
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UH Ventures promotes Kipum Lee to president
UH Ventures has selected Kipum Lee as its new president, succeeding David Sylvan, who will focus on his role with University Hospitals itself.
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Friday Five: VR glaucoma scans, heat-powered sensors, and 3D‑printing space trash into tools
Spinouts turn waste, thermal energy and VR tech into sustainable solutions for industry, space, and healthcare.
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Robert Langer, prolific MIT spinout founder, launches $77.5 million fund
T.Rx Capital has closed its inaugural fund at $77.5 million to build and invest in healthcare startups, with Langer’s son also among the firm’s co-founders.
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James Hotaling named inaugural chief innovation officer for University of Utah Health
James Hotaling’s promotion comes after he played an instrumental role in launching University of Utah Ventures.
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Friday Five: Stop metastasis, sync fleets, sterilise surfaces
Block Biosciences, FleetMQ, Molecular Sustainable Solutions, OnTracx, and TransHumanity make up this week’s selection of spinouts to watch.
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Next Ventures inks strategic partnership with OHSU
The venture capital firm has closed its second fund at $60 million and signed a strategic deal with Oregon Health & Science University.
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Friday Five: Agate Sensors, Detechgene, Data Revival, SenseAI Vision, xCystence Bio
The Friday Five series is back after the summer break, and we’re kicking things off with an array of spinouts that just so happen to all be operating within the life sciences.
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Venture Investors Health Fund raises $80 million to back spinouts
Venture Investors Health Fund has secured $80 million to invest in spinouts from institutions such as the University of Michigan.
