Navigation Links
Indiana Life Sciences Start Ups Garner More than $1.5 Million in Competitive Federal Funding
Date:11/1/2010

INDIANAPOLIS, Nov. 1, 2010 /PRNewswire/ -- More than half of the life sciences start-up companies in the BioCrossroads-managed Indiana Seed Fund portfolio have received notices of funding through the Therapeutic Discovery Project Credit under the federal Patient Protection and Affordable Care Act of 2010.

Seed Fund companies AgeneBio, CS-Keys, FAST, GRest, Pericardial Access and SonarMed all learned today from the Internal Revenue Service of their certification for a qualified investment via this federal tax credit program.

"It's a great day for Indiana's entrepreneurs and some of our most promising therapies and medical devices.  With a federal government short on funds and an economy tight on capital, this is a significant amount of funding that will add some very timely fuel to some of our most important development efforts," said David Johnson, president and CEO of BioCrossroads.  "It's also interesting confirmation, from a credible if somewhat unusual source, that our Indiana Seed Fund is a good judge of breakthrough innovation when it comes to start-ups for advancing novel drug, device or diagnostic products."

The IRS called for applications for funding during June and July 2010 for innovative diagnostic projects as well as projects that develop a novel product, process, or technology to further the effective delivery or administration of innovative therapeutics.

About BioCrossroads

BioCrossroads (www.biocrossroads.com) is Indiana's initiative to grow, advance and invest in the life sciences, a public-private collaboration that supports the region's research and corporate strengths while encouraging new business development.   BioCrossroads provides money and support to life sciences businesses, launches new life sciences enterprises (Indiana Health Information Exchange, Fairbanks Institute for Healthy Communities, BioCrossroadsLINX,  Datalys Center and OrthoWorx) expands collaboration and partnerships among Indiana's life science institutions, promotes science education and markets Indiana's life sciences industry.


'/>"/>
SOURCE BioCrossroads
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Report on 300 New Medicines in Development for Heart Disease and Stroke Released in Indianapolis
2. Public Art to Complete Transformation of Key Gateway into Indianapolis
3. Indiana Blood Center Taps tw telecom for Data, Internet and IP Telephony Services
4. Total Federal Grant Funds for Indiana Health Information Technology Efforts Climb to Nearly $50 Million; Latest $16 Million Installment Spotlights Indiana Health Information Exchange in Delivering Higher Quality and Higher Value Healthcare Through M
5. Hill-Rom to Present at the INVESTIndiana Investor Conference
6. Zimmer Holdings to Present at INVESTIndiana Equity Conference
7. Indiana State Legislators Seek Solutions to Combat Illegal Meth Production
8. ImmuneRegen BioSciences Reports Material Transfer Agreement with VaxGen, Inc.
9. Intellect Neurosciences, Inc. to Present Data on Alzheimers Vaccine at 13th International Congress of Immunology Conference
10. Advanced Life Sciences Collaborates with U.S. Government to Study Cethromycin as Treatment for Anthrax and Other High-Priority Biodefense Agents
11. ImmuneRegen BioSciences, Inc. Demonstrates Radilex(TM) Increases Disease-Fighting White Blood Cells
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/27/2016)... -- Amarantus BioScience Holdings, Inc. (OTCQX: ... Medicine, Neurology and Orphan Diseases, today announced that President & CEO ... investor conferences: SeeThru Equity MicroCap Conference   ... York City , NY When: Tuesday, May 31 ...   Where: Grand Hyatt Hotel, 109 East 42 nd ...
(Date:5/26/2016)... May 26, 2016 A key ... is the emergence of new treatments. Cardax, a development ... osteoarthritis treatment. The therapy is expected to fulfil large ... UK is conducting studies to develop new treatments for ... the genes involved in osteoarthritis are being investigated, and ...
(Date:5/26/2016)... , May 26, 2016 Since ... matured into an essential life science tool for conducting ... applications. BCC Research reveals in its new report that ... growth phase, one powered by a range of new ...      (Logo: http://photos.prnewswire.com/prnh/20140723/694805 ) , ...
Breaking Medicine Technology:
(Date:5/31/2016)... ... May 31, 2016 , ... The Orthopaedic Research and Education Foundation ... , David G. Lewallen, MD, began his term as president in March, succeeding John ... MD, is OREF’s new president-elect. Richard F. Kyle, MD, will serve as chair, corporate ...
(Date:5/31/2016)... ... May 31, 2016 , ... MinerEye today announced that ... Infrastructure Protection report by Gartner1 Inc. , Each year, Gartner identifies new Cool ... these innovative vendors and their products and services. , According to Gartner, “Gartner's ...
(Date:5/31/2016)... Port Washington, NY (PRWEB) , ... May 31, 2016 , ... ... and other essential nutrients to on the go individuals and dedicated athletes, continues to ... functions. , Loaded with whey, pea and milk protein, branched-chain amino acids (BCAA), ...
(Date:5/30/2016)... ... 30, 2016 , ... Another ER facility operated by First Choice Emergency ... Drive, Plano, TX and is open 24 hours daily. , First Choice Emergency Room ... open house. The Jasper High School band entertained attendees and accepted First Choice Emergency ...
(Date:5/28/2016)... Viejo, California (PRWEB) , ... May 28, 2016 , ... ... need to drag and drop a preset onto their media," said Christina Austin - ... Pixel Film Studios, editors can quickly and easily add stylish color grades to their ...
Breaking Medicine News(10 mins):