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11 September 2017

News round up 11 September 2017

A round up of all the latest news on www.globaluniversityventuring.com for our subscribers.

Author: Thierry Heles, editor

Amal develops $9.6m series B

University of Geneva spinout Amal Therapeutics has added $9.6m to its coffers following a series B round backed by High-Tech Gründerfonds and Boehringer Ingelheim Venture Fund.

Merck diagnoses $554m Rigontec acquisition

University of Bonn spinout Rigontec closed a $32.7m series A round a year ago, from investors including Boehringer Ingelheim and High-Tech Gründerfonds.

UZH Life Sciences Fund selects Cutiss

The university venture fund, backed by UZH Foundation and Novartis Venture Fund, has made its first investment in a University of Zurich spinout, Cutiss.

Minnesota embraces CoreBiome

University of Minnesota has spun out CoreBiome, which will commercialise genomic and informatics technology aimed at the agricultural, environmental and healthcare sectors.

Lilium soars to $90m series B

Technical University of Munich spinout Lilium Aviation has closed a $90m series B round that included Tencent to support the development of its five-seat jet.

Prowler.io sneaks into $13m series A

Cambridge Innovation Capital has led a series A round for Prowler.io, which uses artificial intelligence to predict complex interactions in dynamic systems.

Edinburgh Innovations completes rebranding

Formerly known as Edinburgh Research & Innovation, the University of Edinburgh’s tech transfer office changed its name last month.

Melbourne gains $64m incubator

University of Melbourne and RMIT University have put their weight behind a new incubator and accelerator that is set to open in the city.

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