Tech Transfer eNews Blog

U of Iowa start-up awaits $175M SPAC deal


By Jesse Schwartz
Published: June 15th, 2022

A start-up from the University of Iowa (UI) is awaiting SEC approval of a $175 million dollar SPAC deal to publicly list the company.

Cardio Diagnostics has created the Genetic-Epigenetic Engine, the first AI-integrated method to test for risk of coronary disease. In a peer-reviewed study, the test was shown to be highly sensitive in assessing risk for both men and women, according to UI professor and Cardio’s chief medical officer Robert Philibert.

If the SPAC deal is finalized, Cardio Diagnostics will merge with Mana Capital Acquisition Corp., a Delaware-based special purpose acquisition company.

The new, combined company will be known as Cardio Diagnostics Holdings Inc. and will be publicly listed and traded on Nasdaq as “CIDO.”

According to Philibert, the funds from the deal will allow the company to serve more customers. “The ability to take basic science and translate it into actual clinical products to prevent disease and help improve disease outcomes is a dream,” Philibert says.

Source: The Gazette

SPACs and University Start-ups: Understanding and Assessing the Pros and Cons Is a detailed, on-demand distance learning program designed to assist TTOs and their start-ups in assessing the possibility of a SPAC and understand the risks and benefits. Click here for more details.

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New Models of Gap Funding: Cornell’s Unique “Ignite” Approach to Growing University Start-ups and Creating a New Generation of Entrepreneurs


By Jesse Schwartz
Published: June 15th, 2022

During 2021-2022, Cornell embarked on a major expansion of its gap funding series, committing $3 million a year to grow its innovation pipeline. But the Cornell story goes well beyond the top-line number. Underpinning the plan are three signature programs under the aptly named “Ignite” brand — all designed to fuel a major acceleration in start-ups, scale-ups, and innovation ecosystem growth.   

The three-pronged plan includes a proof-of-concept program already sporting early successes, an an acceleration fund for newly launched start-up, and a unique initiative that pairs postdocs with high-potential new ventures – and pays them to help take those start-ups on the path to growth – in the process creating a new generation of entrepreneurs.

Join Cornell’s tech transfer leader Alice Li, PhD, CLP, when she shares the details and early results of Ignite’s three signature programs: Ignite Innovation Acceleration, Ignite Postdoc for Ventures, and Ignite Start-up Projects. She’ll provide insight into how each program was conceptualized, organized, funded and managed – and how the programs work in concert to increase start-up value and reach the next milestone event. You’ll learn the details behind these pioneering new platforms, which you can adapt in your own university’s start-up and innovation ecosystem growth plans.

For complete program details or to register, click here.

Also coming soon:

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Boehringer Ingelheim licenses novel anti-tumor technology from A*STAR


By Jesse Schwartz
Published: June 15th, 2022

German biopharma company Boehringer Ingelheim and the Agency for Science, Technology and Research (A*STAR) in Singapore have entered into a global license agreement to commercialize a novel anti-tumor technology. continue reading »

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Survey finds European start-ups are dissatisfied with their universities


By Jesse Schwartz
Published: June 15th, 2022

According to a recent report, European universities on average take significantly more equity and control of start-up companies than their U.S. counterparts, causing dissatisfaction among European founders. continue reading »

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Equity Terms and Distribution in University Start-Ups: A Best Practice Collection


By Jesse Schwartz
Published: June 15th, 2022

Striking the right balance when structuring equity deals with faculty start-ups is a delicate challenge that requires a full understanding of the financial levers involved. Each party will be impacted as the new venture gains value while taking on new partners — and a more complex cap table. And when founder’s equity must be divided at the outset, it’s even tougher to sort out an agreement that works for all — and for the health of the company — over the long term.

Equity Terms and Distribution in University Start-Ups: A Best Practice Collection, produced by Tech Transfer Central’s Distance Learning Division, provides over 3 hours of instruction on how to best draft equity and dilution clauses with the long-term in mind. We have partnered with top IP licensing experts to help you draft agreements that walk this tightrope effectively, protect your university’s and your faculty’s interests, and prevent investor turn-offs that can doom the start-up’s prospects at critical stages of growth.

For complete program details, click here.

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New fund will help launch and support Caltech start-ups


By Jesse Schwartz
Published: June 15th, 2022

A new funding platform will help nurture start-ups from the California Institute of Technology (Caltech). continue reading »

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McMaster U researchers develop novel rapid test for COVID and other infections


By Jesse Schwartz
Published: June 15th, 2022

Researchers at McMaster University are moving their novel COVID diagnostic test closer to the marketplace. continue reading »

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Cornell start-up implants a 3D-bioprinted ear on a patient


By Jesse Schwartz
Published: June 15th, 2022

A start-up from Cornell University has implanted a first-of-its-kind, 3D-bioprinted ear on a patient as part of a clinical trial. continue reading »

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World Benchmark Report: Data, Insights, and Best Practices from Business Incubators and Accelerators


By Jesse Schwartz
Published: June 15th, 2022

The 5th Edition of the World Benchmark Report: Data, Insights, and Best Practices from Business Incubators and Accelerators features data and best practices from 364 university, private, and corporate incubator and accelerator programs from 82 countries and 509 locations worldwide — the largest sample to date.

Programs are benchmarked within their own peer groups based on three categories, seven subcategories, and twenty-one KPIs to reach an overall impact and performance score. And for the first time, research has been extended beyond university incubators and accelerators to include public, private and corporate programs.

The World Benchmark Report is the only resource of its kind, presenting key figures and detailed guidance from top performing incubators that readers can compare and adapt to their own situation. No other resource will provide you with the quality or depth of information covered.

Priced at just $249 and delivered immediately in portable document format, this report is an affordable must-have for every incubator and accelerator. For complete details, click here.

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Vanderbilt U Medical Center to launch new tech commercialization center with $10M gift


By Jesse Schwartz
Published: June 15th, 2022

Vanderbilt University Medical Center (VUMC) is launching a new center to help boost technology commercialization. continue reading »

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Lifetime Ventures and Okinawa Institute of Science and Technology launch start-up fund


By Jesse Schwartz
Published: June 15th, 2022

Lifetime Ventures, a Yokohama-based VC firm focused on companies in pre-seed and seed stages, has partnered with the Okinawa Institute of Science and Technology (OIST) to launch a new fund to support research-based deep tech start-ups. continue reading »

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Comings and Goings


By Jesse Schwartz
Published: June 15th, 2022

ASTP, a pan-European nonprofit association of tech transfer professionals, has chosen commercialization expert Christophe Haunold to serve as its new president.

Haunold has more than 30 years of experience in tech transfer. He currently serves as head of the Office for Partnership, Knowledge and Technology Transfer at the University of Luxembourg, where he leads efforts to foster partnerships with industry in order to commercialize university innovations.

As president of ASTP, Haunold aims to extend the tech transfer community, develop ASTP’s network of tech transfer professionals, and to work more closely with European institutions such as the European Commission.

Source: Science Business

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