Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
University of Chicago’s Polsky Center for Entrepreneurship and Innovation has committed $300,000 to two spinouts of the university through its George Shultz Innovation Fund. The money is split evenly between US-based quantum dot ink developer NanoPattern Technologies, which plans to invest in its commercialisation activity, and biomedical protein profiling technology developer Reax Biotechnologies, which has allocated funding to prepare for discovery programs targeting cancer.
Discover, a US-based spinout of Purdue University working on respiratory diagnostic tools for cattle, has secured a $100,000 commitment from the institution’s Ag-celerator. The company’s device would help select the best antibiotic medicine for cattle with respiratory diseases. Mohit Verma, assistant professor of agricultural and biological engineering, is responsible for spearheading the project.