JSOnline: Imbed Biosciences raises $683,000 in funding round
Imbed Biosciences Inc., a Madison company with a novel biomaterials platform for wound dressings and surgical implants, has raised $683,000 of a planned $1 million funding round, according to filings with federal securities regulators. Imbed Biosciences won second place in the 2012 Wisconsin Governor's Business Plan Contest's Life Sciences category.
Propeller Health raises $14.5M Series B financing led by Safeguard Scientifics
Propeller Health, the FDA-cleared digital health solution for chronic respiratory disease, announced that it raised $14.5 million in Series B financing, led by Safeguard Scientifics (NYSE:SFE) with participation from Series A investor The Social+Capital Partnership. Propeller Health will use the funding to accelerate product development, strategic alliances, client services, sales and marketing.
BrightStar Wisconsin announces formation of partnership with Gener8tor
BrightStar Wisconsin Foundation Inc. has announced the formation of a partnership agreement with gener8tor, a Milwaukee- and Madison-based business accelerator that invests in technology-enabled, rapidly scalable, early stage companies. BrightStar has made a commitment to invest $50,000 in each company that comes out of the bi-annual gener8tor accelerator program that meets BrightStar’s mission and main investment criteria, creating high-quality jobs in Wisconsin. The most recent class had five participants that were picked from nearly 400 applicants.
Shine Medical secures $2.4M of investment
SHINE Medical Technologies , Inc. (SHINE), a Wisconsin - based company dedicated to being the world leader in the safe, clean, affordable production of medical isotopes, announced that it closed a $2.4 million financing.
Morgridge launches microfluidics foundry
The Morgridge Institute Medical Engineering team, responding to increased UW-Madison demand for microfluidics resources, has launched a new microfluidics foundry to build customized tools that bring biology down to the smallest possible scale. The Advanced Fabrication Laboratory has a suite of new machines that can mold, emboss and etch polymer micro-channels and create the precise surface properties required in microfluidics devices.
Madison Startups: 11 more recipients of Ideadvance Fund
The Wisconsin Economic Development Corp. and the Center for Technology Commercialization announced recently that 11 additional grantees from UW faculty, staff and student teams have been selected to receive up to $25,000 each through the Ideadvance Seed Fund, bringing the total to 23 teams receiving grants.
JSOnline: Doyenne Group plans to raise $500,000, start angel fund
The Doyenne Group, a Madison nonprofit that provides mentoring and networking for high growth potential, women-owned companies, plans to raise $500,000, part of which will be used to start an angel investment fund.
JSOnline: Biotech companies land funding
Two Madison-area biotech companies — Intuitive Biosciences Inc. and Stealth Therapeutics Inc. — each have raised nearly $500,000 of funding, according to filings with federal securities regulators.
JSOnline: Unique provision in Wisconsin law puts brakes on crowdfunding
Equity crowdfunding is off to a slow start in Wisconsin, with few businesses moving to use the new investment vehicle, and banks seemingly cautious about getting involved. Other states have traveled a similar path, but Wisconsin's road contains a speed bump found nowhere else: The financial institution that holds investors' money during a crowdfunding campaign must be state chartered.
JSOnline: Gener8tor has notable success nurturing start-ups
Gener8tor, a for-profit group formed in 2012, has put 23 start-ups through its training program. Those companies have gone on to create 118 jobs and raise, often with gener8tor's help, more than $20 million of capital. Gener8tor ranks in the top 30 out of 220 accelerators in the world in terms of the average dollar amount that portfolio companies have raised, according to Seed-DB, a database of all known seed accelerators.
WisBusiness: UW flu researcher details global implications of his work
Yoshihiro Kawaoka, a UW-Madison researcher whose work with dangerous influenza strains made headlines this summer, says his work is not only extremely safe, but also has important implications for global health. Kawaoka’s research has led him to create versions of already-known avian influenza viruses that would have the potential to become global pandemics if released into the general population, he told his audience at the monthly Wisconsin Innovation Network luncheon in Madison.
JSOnline: Mayo Clinic to offer Exact Sciences colon cancer screening test
Exact Sciences Corp. said Aug. 25 that Mayo Clinic will be the first health system to offer the company's non-invasive, DNA-based colon cancer screening test.
JSOnline: Milwaukee's academic institutions explore creating nonprofit center
Leaders from 20 of the region's academic institutions met at Marquette University Thursday to explore the idea of a nonprofit center near downtown Milwaukee that could help their students build start-ups and partnerships with industry. The project will begin with a pilot program in November, with a goal of launching the entire program next summer, said Matt Cordio, co-founder of Startup Milwaukee, which is running the initiative with Innovation in Milwaukee, or MiKE, a project of the Greater Milwaukee Committee.
Marshfield Clinic Health System names Susan Turney as first CEO
The Marshfield Clinic Health System Board of Directors has named Susan L. Turney, MD, MS, FACP, FACMPE, as the Health System's first chief executive officer (CEO). Turney, who will assume the new role September 1, has resigned her position as President & CEO of the Englewood, Colo.-based Medical Group Management Association.
University spinoff aims to hit the mark precisely with brain-scanning tool
To bring the full promise of MR into the operating room, Walter Block, professor of biomedical engineering at UW-Madison, has formed a company called InseRT MRI to develop software that allows surgeons to observe the brain in real time on an MR machine during surgery.
Madison Startups: Techstars Patriot Boot Camp comes to Wisconsin
Techstars announced this week the next Patriot Boot Camp event will take place Sept. 26-28 in Madison, expanding from annual events in Washington, D.C., and New York City to regional events.
BizWire: Advanced Cooling Therapy closes $1.5M for esophageal cooling device
Chicago-based emerging medical device firm Advanced Cooling Therapy (ACT) has closed a $1.5 million Series A financing round to support the full commercial launch of its first product, the Esophageal Cooling Device (ECD) to control patient temperature. ACT was a presenter in the WAN Investors' Track at the 2013 Early Stage Symposium.
JSOnline: UWM's Student Startup Challenge selects 10 winners
Ten student teams have been chosen by the University of Wisconsin-Milwaukee to receive a total of about $70,000 in cash and services, along with support for turning their ideas into products or businesses.
JSOnline: UW Extension Ideadvance grants aim to make ideas into products
An infant sleep pod, aimed at reducing the number of infant deaths due to sleeping with an adult, is one of 11 projects being funded through new grants from University of Wisconsin Extension and the Wisconsin Economic Development Corp. Intelligent Composites, third place winner in the Advanced Manufacturing category of the 2014 Wisconsin Governor's Business Plan Contest, is also among the grant recipients.
Green Bay Gazette: Angels provide funding option for businesses
When faced with difficulties in obtaining funding, many entrepreneurs look to angel investment groups. Although only certain types of businesses will qualify, Wisconsin is trying to make it easier for businesses to submit requests through the Wisconsin Angel Network (WAN).
Nordic ranked 46th on Inc. 500 list of fastest-growing companies in the nation
Nordic has been recognized as the 46th fastest-growing privately held company in the nation on the annual Inc. 500 list, America’s most prestigious ranking of fastest-growing private companies. In addition, Nordic has earned a spot on Modern Healthcare’s 2014 list of the 100 “Best Places to Work in Healthcare.”
JSOnline: Gigabit broadband speed spreads throughout state
In the Village of Siren, a community of about 900 people surrounded by nearly 300 lakes in northwest Wisconsin, you can get Internet speeds up to 50 times faster than what most people have in their homes in Milwaukee or Madison.
BizTimes: Scale Up Milwaukee accepting applications for 'trep training program
Scale Up Milwaukee, a multi-stakeholder effort helping support entrepreneurs at all stages to grow their ventures by stimulating a strong regional entrepreneurship ecosystem, has announced it is accepting applications for the second class of its Scalerator program – training designed to teach ambitious, local companies how to maximize their growth potential.
Biz Journal: Venture capital firm invests in ZBB Energy's Chinese joint venture
An investment capital firm is investing $3.24 million in ZBB Energy Corp.’s Chinese joint venture company to build storage products for energy and power electronics platforms.
JSOnline: Marshfield research start-up lands angel investor funding
Microscopy Innovations LLC, a Marshfield company that makes a system for preparing microscope specimens, has raised $410,000 of a proposed $750,000 funding round, according to documents filed with federal securities regulators.
Startup Whole Trees LLC creates strength in lumber
Amelia Baxter and Roald Gundersen launched Whole Trees in 2007. The firm initially focused on providing products for home building, an area where Gundersen for years used round timber in his designs. After weathering the 2008 recession and obtaining additional funding, Whole Trees is now increasing production by entering the commercial building products industry.
State Journal: D2P program chooses UW inventions for fast track to market
Seventeen projects have been chosen for the launch of the new Discovery to Product, or D2P, program. The partnership between UW-Madison and the Wisconsin Alumni Research Foundation, announced last November, is aimed at taking some of the most promising campus inventions and helping to speed their entry into the marketplace, boosting the economy and creating jobs.
WEDC's website ranked in #3 in new study
The Wisconsin Economic Development Corporation website is the third best in the country when it comes to providing economic development site selection information, according to a new independent report.
Tech Council's WIN-Lake Superior chapter holds Ashland conference
Read about the seventh annual Lake Superior Business & Technology Conference here in the Ashland Press. More than 100 people attended. The Business Idea Contest was won by Ellie Bresette of Bayfield with his "BuzzBoard" device.