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AMD Announces the First AMD Fusion Center of Innovation

January 17, 2012 Leave a comment

New Technology Center at the University of Illinois at Urbana-Champaign to Promote Entrepreneurship, Commercialization and Start-Up Creation for Heterogeneous Computing.

From MarketWatch:

“SUNNYVALE, CA, Jan 17, 2012 (MARKETWIRE via COMTEX) — AMD AMD +0.71% today announced the first AMD Fusion Center of Innovation at the University of Illinois at Urbana-Champaign, designed to focus on the innovative developer environment and software performance advancements enabled by heterogeneous computing. The center will fund, mentor and promote new commercial enterprises emerging from the vast intellectual property and research expertise in the University of Illinois community. The University has been a hotbed of new start-ups since the creation of the first widespread web browser — Mosaic — developed by Marc Andreessen in 1992. Through access to AMD Accelerated Processing Unit (APU) technology and platforms, the AMD Fusion Center of Innovation will help bridge access to new AMD heterogeneous computing technology with the innovative spirit stimulated and nurtured on campus.

To kick-off the AMD Fusion Center of Innovation, the University of Illinois at Urbana-Champaign is offering a course aimed at kindling the spirit of entrepreneurship by bringing a mix of expert speakers to cover the specifics of AMD heterogeneous computing technology, while also providing invaluable, how-to background on entrepreneurship, commercialization and start-up creation. This course will be offered by the university’s College of Engineering, Technology Entrepreneur Center (TEC), as “ENG/TE 360/460: Lectures in Engineering Entrepreneurship AMD Section…”

READ FULL PRESS RELEASE [web]
AMD Fusion Fund Program [web]
IllinoisVENTURES [web]
Technology Entrepreneur Center (U of I) [web]

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Growing a New York Biotech Culture

November 7, 2011 Leave a comment

NYC plays catch-up to create centers, attract venture capital.

From Crain’s NY Business:

“In recent years, the Bloomberg administration and its partners in academia and business have worked to overcome barriers to commercial biotech, from lack of space to lack of funding. The focus is now turning to what some consider the most difficult obstacle: a scarcity of entrepreneurial instinct in a medical-science community that widely thinks “going commercial” means to succumb to the dark side. From networking and pitching events to mentoring, advocates are trying to build the kind of startup ecosystem that has helped make the city’s Internet industry the fastest growing in the country.

“Innovation is a mindset; it’s a culture,” said Jonathan Lewis, a former Memorial Sloan-Kettering Cancer Center surgeon, and founder and CEO of Manhattan-based cancer-drug developer Ziopharm Oncology Inc. “It’s been applied to high-tech, and now it has to be applied to biotech.”

It remains to be seen whether such efforts can replicate here what developed organically in biotech hot spots like Boston and San Francisco. Venture capitalists expect that it will take years, along with a string of successful companies and a coterie of seasoned biotech entrepreneurs who can invest in and mentor the next generation of startups…”

READ FULL ARTICLE [web]
NYU’s Venture Fund Announcement [web]
Aisling Capital [web]
Alexandria Center for LifeScience – NYC [web]
BioBAT [web]
NYC Tech Connect [web]
Columbia Tech Ventures [web]

U. of Cincinnati an Engine for Innovation, Launches Program for Campus Entrepreneurs

October 24, 2011 1 comment

The idea is to remove the wall between discovery at universities and implementation in the economy.

From Cincinnati News:

“Dean Carlo Montemagno believes that some of the best teachers at the University of Cincinnati are dreaming up products that could change the world.

They’re partnering with corporations like GE Aviation, Procter & Gamble and Ethicon Endo-Surgery to apply that research or start their own companies. And they’re providing students with real-world experience that readies them for careers.

Montemagno, dean of the College of Engineering and Applied Science, is an entrepreneurial pioneer for UC. This month, he raised $50 million in funding from the state of Ohio and GE Aviation to start a new research institute at the university…”

READ FULL ARTICLE [web]
U. of Cincinnati Press Release [web]

J&J Launches Incubator for Biotechs in San Diego, No Strings-Attached Business Model

October 24, 2011 Leave a comment

Incubators run by universities and economic development groups have long provided the facilities, expertise and even funding to help biotechs bridge the valley of death. But incubators run by drug companies have garnered mixed results.

From Seeking Alpha:

“Johnson & Johnson (JNJ) [has announced] the launch of Janssen Labs at San Diego, a 30,000-square-foot incubator designed to serve as the future home for 18 to 20 biotech start-ups.

Companies in the J&J incubator will get access to their own space, as well as common areas that house equipment for nuclear magnetic resonance, mass spectrometry, flow cytometry and other analyses. In exchange for short, renewable leases, they will get “cost-efficient, flexible, turnkey wet labs…”

READ FULL ARTICLE [web]

The Varick Street NYU-Poly Incubator: Best In NYC?

October 18, 2011 Leave a comment

The incubator has one single goal. To help create great companies that will call NYC home.

From the Business Insider:

“It’s very rare that a joint effort between the public, private, and education sector comes together to produce meaningful results. However, The Varick Street Incubator may be a shining example and roadmap for other cities to follow on how to foster tech innovation.

After spending time at various incubators in the city, it very well may be that the Varick Street incubator is the top place in NYC for new entrepreneurs to call home. If you get the opportunity to be at Varick Steet, you enjoy a lot of benefits. The incubator does not ask for any equity in your company. The rent is really affordable and includes a lot of amenities that are not free at other incubators. Best of all, you get access to high quality interns / employees from NYU, potential seed investors, NYU faculty advisors, and assistance from dozens of other private partners involved with the incubator. Probably one of the best benefits is that several serial entrepreneurs call the incubator home and serve as mentors and motivation for first time founders…”

READ FULL ARTICLE [web]
Inside view of the Incubator [web]
Varick Street Incubator [web]
NYC Seed [web]
NYC Venture Connect [web]

Stanford unveils ambitious proposal for opening a campus in New York City

October 15, 2011 Leave a comment

“Silicon Valley has been terrific, but if the country wants to maintain its leadership in science and technology, it needs more than Silicon Valley.”

From Mercury News:

“It’s already got palm trees, sunshine and some of the sharpest minds in Silicon Valley. What else could Stanford possibly want?

A big, enthusiastic bite out of the Big Apple.

Seeking greater access to an urban world rich in art, finance, drama, music, high-end media, deep-pocketed philanthropy, tweedy East Coast faculty and diverse students, Stanford is putting the finishing touches on a 500-page application for a second campus in New York City, due to land on Mayor Michael Bloomberg’s desk in two weeks.

At Thursday’s meeting of Stanford’s academic senate, the university unveiled its most detailed-yet description of the proposed “Stanford NYC” campus that by 2045 could be home to as many as 350 professors and more than 2,000 graduate students studying science, engineering and entrepreneurship.

Three decades of construction at an estimated price of $1 billion to $2 billion, the project is so breathtaking in its scope that the application process alone could cost $1 million…”

READ FULL ARTICLE [web]
Opportunities and Challenges of StanfordNYC [web]
Stanford@CCNY [web]

Related:
Cornell Gains Partner in Graduate School Bid [web]

University System of Maryland and the Army Research Laboratory (ARL) Form New Tech-Transfer Partnership

October 14, 2011 Leave a comment

To speed researchers’ innovations to market and help create jobs, the University of Maryland-led Alliance gives small, targeted grants for demonstration projects that can help prove to potential investors that a successful laboratory concept works – often a make-or-break challenge.

From CisionWire:

“COLLEGE PARK, Md. – An innovative Maryland technology transfer program – the first of its kind in the United States to partner federal labs and public universities – has received an award honoring its success.

The Maryland Proof of Concept Alliance, which teams the Army Research Laboratory (ARL) and the University System of Maryland, was recognized as a national model by a group representing federal labs.

The Mid-Atlantic Federal Laboratory Consortium for Technology Transfer (FLC) – has made the Alliance the first recipient of its Partnership Award honoring successful collaborations between educational institutions and federal labs.

To speed researchers’ innovations to market and help create jobs, the University of Maryland-led Alliance gives small, targeted grants for demonstration projects that can help prove to potential investors that a successful laboratory concept works – often a make-or-break challenge.

“The Maryland Proof of Concept Alliance demonstrates that this tech-commercialization approach translates quite effectively to the federal sector,” says Mojdeh Bahar, FLC chair and former coordinator of the FLC’s Mid-Atlantic Region.

“Proof of concept has worked well in the private sector, and it’s quite an effective way of transferring promising technologies from university research labs into the marketplace. The Maryland program offers an important example of what public universities and federal labs can do together,” Bahar adds…”

READ FULL PRESS RELEASE [web]
Maryland Technology Enterprise Institute [web]
University System of Maryland Strategic Plan 2020 [web]