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16 October 2017

News round up 16 October 2017

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

Author: Thierry Heles, editor

Locascio heads for Maryland

Locascio, a former director of seven US government-owned laboratories, will oversee University of Maryland’s research department.

Petuum computes $93m series B

Petuum has built an artificial intelligence platform that it hopes will encourage more development for sectors such as healthcare.

Stanford-Start X illuminates Brilliant’s $21m series A

Brilliant, an internet-of-things startup, will launch its enhanced light switch product in 2018 at the latest.

Imperial Innovations lets students evaluate patents

IP Evaluate will give students the chance to conduct their own patent searches and learn more on what it takes to generate a successful spinout.

UA joins foreign peers for collaborative effort

University of Arizona will partner National Autonomous University of Mexico and Ben-Gurion University of the Negev, two research institutions with similar climates and ambitions.

Rimasys performs seed round

The surgical model developer, based on research at German Sport University College and University Hospital of Cologne, will use the cash to enter North American and Asian markets.

Janpix snaps up $17.6m

University of Toronto Mississauga spinout Janpix has obtained $17.6m in funding from corporate-backed Medicxi, which had seeded the company.

Minnesota launches $4m commercialisation hub

The Discovery Nexus hub will also host officials from University of Minnesota’s edtech program and an interdisciplinary technology department.

Parker Institute fits the picture as ImaginAb raises $8m

ImaginAb, a UCLA spinout that has now raised approximately $4m in total, will continue development of the imaging agent it is developing for T-cell tumours.

Spero spies opening in public markets

Spero Therapeutics, a bacterial infection treatment developer based on research at Harvard Medical School, has filed to raise up to $86.3m in an initial public offering.

IP Group extends Touchstone offer again

Touchstone shareholders now have until October 27 to accept IP Group’s all-shares offer, though the deal must also be cleared by the UK’s competition watchdog.

Rawlings takes Uniseed commercialisation role

The position will involve exploring commercialisation opportunities from government-owned research agency Commonwealth Scientific and Industrial Research Organisation (CSIRO)

MixComm wires funding to series A

The Columbia University spinout has received funding to build prototype wireless communication chips with better capacity for data transfer.

Maryland duo unveils partnerships

The seven programs, formed between two University of Maryland institutions, UMB and UMCP, include a commercialisation vehicle for high-potential spinouts.

Imperial magnetises Lomare spinout

Advanced materials manufacturer Lomare hopes to develop thin films for computer memory chips which outperform today’s technologies.

Cambridge lines up impact fund

The university’s commercialisation office will join up with Cambridge Social Ventures to back seed-stage impact investments.

Big deal: Stanford leads global innovation pack

Reuters has ranked the top 100 universities across the world, putting Stanford University at the top and naming KU Leuven as the most innovative institution in Europe.

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