News Archive

The Rice University Business Plan Competition is the world’s richest and largest graduate-level business plan competition. It is hosted and organized by the Rice Alliance for Technology and Entrepreneurship, Rice University’s nationally recognized entrepreneurship initiative, and the Jesse H. Jones Graduate School of Business, the #4 Best U.S. Graduate Entrepreneurship program per the Princeton Review.

In its 13th year, 42 teams from around the world will compete on campus April 11-13, 2013 for more than an expected $1 million + in cash and prizes in front of over 250 judges, primarily venture capitalists and other investors.   More than 1200 teams applied to compete in 2012 and the competition was supported by more than 130 sponsors.   More than 133 past competitors have successfully launched their business after competing at Rice, are still in business today, and have raised more than $480 million in funding. 

The Department of Health and Human Services SBIR/STTR grant solicitation aimed at supporting small business innovation research is now available.

Through the PHS 2013-02 SBIR/STTR Omnibus Solicitation, U.S. small businesses are encouraged to submit investigator-initiated SBIR/STTR grant applications in response to a variety of identified topics related to the National Institutes of Health, the Centers for Disease Control and Prevention, the Food and Drug Administration and the Administration for Children and Families.

The SBIR/STTR Reauthorization Act of 2011 and the recently released SBIR and STTR policy directives have brought about numerous – and often times, complicated – changes. In an effort to keep the small business research community aware of the impending modifications, the NIH has set up a new website providing a detailed overview of its implementation plan. In addition, HHS intends to revise or re-issue the Omnibus solicitation later this year. To stay informed, download a copy of the current solicitation and request to be updated as changes are made.

Sen. Barbara Mikulski (D) dropped by Rockville on Monday for lunch with the Montgomery County Council, where much of the hour-long meeting focused on the looming federal government sequester.

Mikulski said she realized the effect across-the-board spending cuts and furloughs of federal workers could have on the county, home to 17 agencies, 32,000 employees and the many contracting firms that work with those agencies. There has been little recent movement on avoiding the sequester on Capitol Hill.

Dominick Murray has been unanimously confirmed by the Senate Executive Nominations Committee to be the next head of the state’s economic development office.

Murray is scheduled to be sworn in to the role of secretary of the Maryland Department of Business and Economic Development by Gov. Martin O’Malley on Feb. 21.

Innovate Health Tech NYC invites software and hardware developers and other innovators living or working in New York City to create new commercially viable technologies that solve urgent health care problems. Individuals, teams, and companies with 10 or fewer employes can compete, and will be required to demonstrate a functioning prototype of a pre-commercial technology in their submission. Technologies may include, but are not limited to, healthcare analytics tools, clinical workflow management tools, mobile health applications, and wireless health monitoring devices. Contestants are encouraged, but not required, to address healthcare priority areas identified by New York City.

PILOT Health Tech NYC is an exciting new program which provides funding of up to $100,000 each to 10 innovative pilot projects to take place in New York City. The program seeks to match early-stage healthcare technology companies (‘innovators’) with key NYC healthcare service organizations or individuals (‘hosts’), including hospitals, physician clinics, payors, pharma companies, and nursing associations. Each pilot project will be focused on addressing defined needs of the healthcare industry and testing a technology prototype in a healthcare setting for a period of approximately 3-6 months.

United Therapeutics Corporation announced today that the U.S. Food and Drug Administration (FDA) has acknowledged the resubmission of the new drug application (NDA) for treprostinil diolamine extended release tablets (oral treprostinil) for the treatment of pulmonary arterial hypertension. The FDA classified the resubmission as a complete, class 1 response to FDA’s October 23, 2012 complete response letter and the FDA set a user fee goal date of March 31, 2013.

Diagnostic products maker Qiagen NV said Wednesday that it will work with Eli Lilly and Co. to develop new tests that could identify patients who could be helped by Lilly’s drugs.

The companies did not disclose terms of the new collaboration, but described it as a “broad” partnership that will cover “all therapeutic areas.”

A piece in Forbes this week calls attention to a recent trend in technology commercialization at universities: the use of crowdfunding.

The article focused on a collaboration between the University of Utah’s Technology Commercialization Office and the crowdfunding site RocketHub, which resulted in the University Tech Vault, a portal specifically for projects that come out of the university.

As Valentine’s Day approaches the occasion begs the question: what does it take for two companies in the biopharmaceutical industry to merge? Of all the things that could come between them, how do a biotech startup and suitable partner find each other in this crazy, mixed up world?

Like any good marriage, the reasons that bring a couple together span of a good merger is more than meets the eye. The companies involved share similar goals and work hard to ensure the union endures. But there are all sorts of things That was the gist of an insightful panel discussion at the BIO CEO conference in New York. Among the panelists were: Michael Margolis, a managing director with ROTH Capital Partners, Effie Toshav, partner with Fenwick & West H.Thomas Watkins, former president and CEO of Human Genome Sciences until it was acquired by GlaxoSmithKline, Michael Gilman, a senior vice president at Biogen Idec and Corrine Epperly, the director of strategy, alliances and transactions at Bristol Myers-Squibb (NYSE: BMS)