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:6/23/2016)... June 23, 2016 Bracket , a leading ... next generation clinical outcomes platform, Bracket eCOA (SM) 6.0, ... June 26 – 30, 2016 in Philadelphia ... Clinical Outcome Assessment product of its kind to fully integrate ... Bracket eCOA 6.0 is a flexible platform for electronic ...
(Date:6/23/2016)... the establishment of Astellas Farma Colombia (AFC), a new affiliate with operations headquartered in Bogota. Colombia ... ... Sandra ... ... Astellas is a pharmaceutical company ...
(Date:6/23/2016)... -- The vast majority of dialysis patients currently receive ... usually 3 times a week, with treatment times averaging ... equipment preparation and wait time.  This regimen can be ... who are elderly and frail.  Many elderly dialysis patients ... for some duration of time. Residents in ...
Breaking Medicine Technology:
(Date:6/25/2016)... ... ... Austin residents seeking Mohs surgery services, can now turn to Dr. Jessica Scruggs ... for medical and surgical dermatology. , Dr. Dorsey brings specialization to include Mohs surgery, ... Micrographic Surgery completed by Dr. Dorsey was under the direction of Glenn Goldstein, MD, ...
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern Californian, Dr. Omkar ... M.D from the David Geffen School of Medicine at UCLA. He trained in Internal ... complete his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he had ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... A recent ... that most people are unfamiliar with. The article goes on to state that individuals ... also many of these less common operations such as calf and cheek reduction. The ...
(Date:6/24/2016)... ... June 24, 2016 , ... The ... in Dallas that it will receive two significant new grants to support its ... PHA marked its 25th anniversary by recognizing patients, medical professionals and scientists for ...
(Date:6/24/2016)... ... ... Topical BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, join The ‘Business for ... $12 an hour by 2020 and then adjusting it yearly to increase at the same ... wage, assure the wage floor does not erode again, and make future increases more predictable. ...
Breaking Medicine News(10 mins):