From Stewart Edelstein, Executive Director, Universities at Shady Grove:
“I am pleased to announce the appointment of Ms. Richee L. Smith Andrews as USG’s first Chief Development Officer. Richee brings over 15 years of development experience and will lead USG’s efforts to secure development funding, endowments, and major gifts to support academic programing, scholarships, and student success.”
The angel investor market in 2015 had a slight increase in investment dollars and in the deal size. Total investments in 2015 were $24.6 billion, an increase of 1.9% over 2014, according to the Center for Venture Research at the University of New Hampshire. A total of 71,110 entrepreneurial ventures received angel funding in 2015, a decline of 3.1% over 2014 investments. The number of active investors in 2015 was 304,930 individuals, a decrease of 3.7% from 2014. The change in both total dollars and the number of investments resulted in a deal size for 2015 that was larger than in 2014 (an increase in deal size of 5.1% from 2014). These data, combined with the yield rates and valuations, indicate that angels were selective in their investment behavior in 2015. The decrease in valuations over the last three years indicates a continuing market correction in valuations. However, the $24.6 billion of investments is a robust amount and is close to the market high of $26.0 billion that occurred in 2007.
On June 8th, WTCI will hold our 10th Annual Women Spanning the Globe Leadership Conference. Over the course of the day, you will be introduced to an impressive line- up of speakers and topics ranging from being an authentic leader, living your purpose to promoting and nurturing gender equality in your professional and person life.
We have designed an interactive day with time between sessions, when the audience can “Lean In”, ask questions, encourage feedback and share their perspective. We hope all attendees will leave with a fresh perspective, new ideas, best practices to implement, new friends, and the feeling that you are part of an International Professional Sisterhood.
Startups based in California, New York, and Massachusetts account for most of the VC tech funding in the United States. However, hotbeds of innovation are being spurred by VCs across the country.
With that in mind, we used CB Insights data to analyze the most active venture capital firm by the number of investments into tech startups in each US state from 2011 to 2016 year-to-date (through 5/9/16).
Vtesse, Inc. announced today that the dose-finding portion of the company’s global, pivotal Phase 2b/3 clinical trial for its lead investigational product, VTS-270, for treatment of Niemann-Pick Type C1 Disease (NPC) is now complete, and a dose level for further testing has been selected by an independent dose selection committee (DSC). Vtesse’s ongoing Phase 2b/3 prospective, randomized, double-blind, sham-controlled trial is a three-part, efficacy and safety trial of VTS-270, administered by the lumbar intrathecal (IT) route every two weeks. VTS-270 is based on a specific, well-characterized composition of 2-hydroxypropyl-beta-cyclodextrin.
OrbiMed has launched a $307 million venture capital fund five years after its inagural $202 million fund investing in biotech, diagnostic and medical device and digital health companies.
IBM is partnering with the University of Maryland, Baltimore County (UMBC) to create the Accelerated Cognitive Cybersecurity Laboratory (ACCL), which will be housed within the College of Engineering and Information Technology at UMBC. The Lab will use Watson technology to improve cybersecurity.
The Washington region is poised to dominate a new billions-dollar industry.
Extending their partnership to an eighth company, La Jolla’s Avalon Ventures and UK-based drug giant GSK said Friday they have formed another San Diego biotech startup.
Johns Hopkins University President Ronald J. Daniels was among the speakers Thursday at the fifth annual U.S. News & World Report STEM Solutions National Leadership Conference in Baltimore.
The three-day conference brought together leaders from academia, business, and government to contribute key insights into science, technology, engineering, and mathematics—or STEM—education. The summit focused on solutions and best practices to ensure that the nation’s future workforce has the necessary skills and knowledge to thrive in a global economy.
