Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Crop.Zone, a Germany-based weed control technology spinout of RWTH Aachen University, has secured an undisclosed sum from seed fund GSI as part of a strategic partnership. GSI is a collaboration of RWTH Aachen and industry body Chamber of Commerce and Industry of Berlin. Founded in January 2020, Crop.Zone has built an electrophysical weed puller to help control farm weeds while consuming less energy than conventional alternatives. The company grew from research at RWTH Aachen’s departments of plant biochemistry and plant physiology.
Multi-Magnetics, a Canada-based residual cancer detection device spinout of Lawson Health Research Institute, has obtained seed capital through Prospects Oncology Fund, a vehicle run by commercialisation unit Fight Against Cancer Innovation Trust. Multi-Magnetics has devised a handheld photoacoustic imaging device to identify residual breast cancer left after surgery. The spinout’s scientific founder is Dr Jeffrey Carson, an imaging scientist at Lawson Health Research Institute who also holds appointments at University of Western Ontario.