Purdue Technology Commercialization News

Endocyte initiates Phase 1 trial of EC0489 for treatment of refractory or metastatic solid tumors

Tue, 5 May 2009 14:11:00 EDT

Endocyte Inc., has announced the initiation of a Phase 1 clinical trial) with EC0489, a folate-targeted anticancer drug for the treatment of refractory or metastatic solid tumors.

The Phase I trial is a multi-center, open-label dose escalation study designed to evaluate the safety and tolerability of EC0489 in patients with refractory or metastatic cancer who have exhausted standard therapeutic options.

Purdue Research Park-based companies to travel to Silicon Valley to seek funding

Tue, 5 May 2009 10:42:00 EDT

Representatives of two Purdue Research Park-based companies launched from research developed at Purdue University will travel to California's Silicon Valley on May 18 to make formal presentations to venture capitalists.

The companies, Intelliphage Inc. and Matrix-Bio Inc., were selected during a competition last October at the Company Fundraising Boot Camp held on campus at Discovery Park's Burton D. Morgan Center for Entrepreneurship. The event, sponsored by Lonergan Partners, is held annually to help entrepreneurs develop fundraising strategies for their companies. Purdue Provost Randy Woodson, and Leah Jamieson, dean of the College of Engineering, will speak in California, along with Mark Lonergan, founder and managing partner of Lonergan Partners.

Purdue researchers increase innovation and economic development activities

Wed, 11 Feb 2009 13:15:00 EST

The number of technology commercialization activities by researchers throughout Purdue University increased more than 40 percent during the past four years, according to university officials.

In the 2007-2008 fiscal year, there were 237 invention disclosures across all disciplines at the university, compared to 167 in the 2003-2004 fiscal year. An invention disclosure is a process undertaken when researchers file a discovery with the Purdue Research Foundation's Office of Technology Commercialization that is patentable and has market potential.

Purdue, Baker & Daniels offer primer on legal issues facing startup companies

Wed, 28 Jan 2009 10:04:00 EST

Purdue University and Indianapolis law firm Baker & Daniels LLP will offer a free workshop on Feb. 11 at Purdue's Discovery Park on legal issues facing startup companies.

Baker & Daniels partner Trevor Belden, who also is a part-time entrepreneur, will lead the workshop, which will run from 9-11 a.m. in Discovery Park's Burton D. Morgan Center for Entrepreneurship, Room 121.

New Purdue fund ready to accept applications to help move innovations to the marketplace

Wed, 28 Jan 2009 09:43:00 EST

Individuals and startup companies now have another avenue to move their Purdue innovations to the marketplace through a new fund established by the Purdue Research Foundation and Purdue University.

The Emerging Innovations Fund is now accepting applications from early stage Purdue-related companies that seek funding support. The money to support the fund has been raised privately, and initial capitalization is $1.5 million, growing to $5 million.

Grant to fuel development of disease-fighting technology

Thu, 8 Jan 2009 15:59:00 EST

Kylin Therapeutics announced Thursday (Jan. 8) its plans to further develop a Purdue University technology that could allow physicians to target drug delivery for treatment of diseases ranging from AIDS to cancer.

The life sciences firm received a $1.2 million grant from the state’s 21st Century Research and Technology Fund to further bring its cancer and disease fighting biotechnology to market.

Purdue, Bose McKinney to offer intellectual property workshops

Mon, 5 Jan 2009 09:26:00 EST

Purdue University and law firm Bose McKinney & Evans LLP will offer two free workshops this month focused on the legal issues of intellectual property involving trademarks, copyrights, patents and trade secrets.

The first session, from 9-11 a.m. Jan. 20, is planned at Discovery Park's Burton D. Morgan Center for Entrepreneurship, Room 121. The workshop will be repeated from 9-11 a.m. Jan. 27 at Purdue Research Park's Conference Center, 3000 Kent Ave.

Indiana firm developing technology to keep high-tech tools cool

Thu, 4 Dec 2008 12:30:00 EST

A small development firm here focused on creating cooling technologies for applications ranging from the space shuttle to nuclear reactors could hold the key to unlocking the power of new consumer technologies.

Mudawar Thermal Systems announced today the Navy awarded the company a grant for up to $1.5 million to create a new software system to accelerate the development of the firm's electronics cooling systems that nearly instantly remove performance-robbing heat from electronics in devices such as avionics, X-ray machines and hybrid vehicle propulsion systems.

Boot camp offered for entrepreneurs looking to take funding step

Mon, 29 Sep 2008 12:01:00 EDT

Purdue faculty, staff, students and collaborators can learn about what's needed to launch a company at the university's third annual Company Fund Raising Boot Camp on Oct. 13-14 in Discovery Park.

Michael Birck, chairman and founder of telecommunication giant Tellabs Inc. and a Purdue trustee, is the keynote speaker for the event at the Burton D. Morgan Center for Entrepreneurship, Room 121. Birck's talk, "Founding and Growing a Company," is at noon Oct. 13.

From discovery to delivery: Purdue, alumni establish fund to help entrepreneurs move university discoveries to market

Thu, 11 Sep 2008 11:41:00 EDT

Purdue University leads the Big Ten in moving its discoveries from the laboratory to the marketplace, and with a new program and support of Purdue alumni, it stands to do even better.

"Not only is Purdue first in the Big Ten for filing patents and starting new companies, but we are third in the nation behind the University of California and the University of Utah for our respective technology transfer statistics" said Joseph B. Hornett, senior vice president, treasurer and COO of the Purdue Research Foundation, which oversees Purdue's Office of Technology Commercialization. "In 2007, Purdue had 10 startup companies based on Purdue University technologies. In 2006, we had 14 startup companies from discoveries made at Purdue.

National financial organization recognizes Purdue Research Foundation senior vice president

Thu, 11 Sep 2008 11:18:00 EDT

The Association of Financial Professionals has named Joseph B. Hornett, senior vice president, treasurer and COO of Purdue Research Foundation, to its 2008 AFP Honors Program.

Recipients for the honor were chosen from more than 100,000 national corporate financial practitioners from corporations, agencies, government, academia and nonprofits. Selection criteria included current title, professional qualifications and personal achievements. In addition, all practitioners were required to have earned the Certified Treasury Professional/Certified Cash Manager designation.

International Beryllium and Purdue officials announce collaborative agreement to advance research into safer, more efficient nuclear fuels

Fri, 15 Aug 2008 08:17:00 EDT

International Beryllium Corp. and Purdue University officials announced a collaborative prelicense agreement to develop a new type of fuel for nuclear reactors that is longer lasting and more efficient than current fuels.

The objective of the prelicense agreement is to support the development an enhanced beryllium oxide nuclear fuel for commercial use in current and future nuclear power reactors.

Purdue Research Foundation announces 10 new companies formed from Purdue University discoveries

Fri, 25 Jul 2008 14:39:00 EDT

Purdue Research Foundation's Office of Technology Commercialization announced Friday (July 25) that 10 new startup companies were formed from Purdue University-licensed technologies.

The Office of Technology Commercialization reported that the companies were launched in the fiscal year running from July 2007 to June 2008. The office's technology transfer managers work with Purdue researchers in moving their discoveries into development and delivery through viable commercial enterprises. Most of the companies are in the fields of medical devices, life sciences, information technology, agriculture, advanced manufacturing, telecommunication and engineering design.

Purdue will highlight life sciences teamwork at global BIO 2008

Tue, 10 Jun 2008 13:17:00 EDT

A delegation from Purdue's Discovery Park and the Purdue Research Park will join global leaders next week at the BIO 2008 International Convention, showcasing how they are working together at the state, national and international levels to help heal, fuel and feed the world.

Slated for June 17-20 at the San Diego Convention Center, the annual event, sponsored by the Biotechnology Industry Organization, is expected to draw 20,000 corporate executives, researchers, government officials and venture capitalists for three days of networking and learning.

New technology could help prevent fractures in horses

Wed, 4 Jun 2008 14:31:00 EDT

Researchers are developing a monitoring system similar to those used by earthquake seismologists to detect tiny cracks in bones, a technology that could help prevent fractures in humans and racehorses.The new monitoring system records "acoustic emission data," or sound waves created by the tiny bone fissures. The same sorts of acoustic emissions are used to monitor the integrity of bridges, other structures and mechanical parts like helicopter turbine blades, said Ozan Akkus, an associate professor in Purdue University's Weldon School of Biomedical Engineering.

'PRF DataStation' provides secure, expanded network of information technology services

Tue, 20 May 2008 09:38:00 EDT

Purdue Research Foundation officials announced Tuesday (May 20) a high-security "PRF DataStation" that will provide the necessary network of information technology needs for new and growing companies.

The energy-efficient center is a network carrier in a single location that provides fiber-optic connections where clients can lease cabinets or space within cabinets to house their network servers and other information technology equipment.

Three companies based on Purdue research to explore venture capital opportunities in Silicon Valley

Wed, 23 Apr 2008 14:53:00 EDT

Three Indiana companies launched from research developed at Purdue University have won the opportunity to make formal presentations for funding from venture capital firms in Silicon Valley in mid May.

Moerae Matrix LLC, Kylin Therapeutics Inc., and Events 180° LLC were picked from several businesses that participated in the Fund Raising Boot Camp last October at Discovery Park's Burton D. Morgan Center for Entrepreneurship. Through their selection, camp sponsor Lonergan Partners will finance transportation and other arrangements for the trip to California on May 12-14.

Police beefing up presence for Purdue Grand Prix weekend

Wed, 16 Apr 2008 12:34:00 EDT

Purdue University police are gearing up for the big weekend on campus by providing extra officers at different events throughout the week.

The Purdue Grand Prix and the Purdue Black & Gold spring football game are scheduled for Saturday (April 19), and events such as a concert on Wednesday (April 16) and a concert/carnival on Friday (April 18) also are taking place.

Endocyte announces license agreement with R&D Biopharmaceuticals for the development of targeted tubulysin chemotherapeutic agents

Tue, 15 Jan 2008 09:29:00 EST

Endocyte Inc. announced Tuesday (Jan. 15) that it has entered into an exclusive license agreement with R&D Biopharmaceuticals for the use of tubulysin anticancer agents with Endocyte's proprietary drug conjugate platform.

Tubulysins are a new class of natural, highly potent investigational anticancer agents shown to destabilize microtubules and induce cell death. The agreement resulted from an existing research collaboration between the two companies to develop folate-tubulysin conjugates for the treatment of cancer.

New smart tire senses damage, increases safety

Mon, 17 Dec 2007 15:15:00 EST

A new type of "smart" tire developed by a Purdue University professor is able to sense damage when a tire goes flat or loses treads, making it safer for road travel.

The tire's technology also can be used to detect impending defects before a tire is mass produced.

A team led by Gary W. Krutz, director of Purdue's Electrohydraulic Center and a professor of agricultural and biological engineering, has developed a tire system that senses failures in real time. The concept behind the technology is that the entire tire acts as a sensor that sends information to onboard computers.

Purdue Research Park company receives $5 million production contract to develop component for world's largest telescope

Mon, 17 Dec 2007 14:57:00 EST

Zeeko Technologies LLC, a Purdue Research Park-based company, announced that its sister company, Zeeko Ltd., was awarded a $5 million contract to develop a component to be used on the world's largest telescope.

The component, a polishing machine, will be used to finish the mirrors for the European Southern Observatory's Extremely Large Telescope (E-ELT) project. The observatory is a proposed member to operate a new generation of astronomical telescopes, envisioned to dwarf the world's largest telescopes.

Purdue Research Park official elected to key position of international research parks organization

Wed, 24 Oct 2007 09:56:00 EDT

Two Purdue Research Park officials will speak during a conference for the Association of University Research Parks, and one official has been elected to serve as the organization's first vice president.

The election took place Tuesday (Oct. 23) prior to the annual conference, which will run Wednesday through Friday (Oct. 24-26) in St. Louis.

Purdue Research Foundation official to speak at international conference on financing technology based startups

Tue, 16 Oct 2007 11:00:00 EDT

An official from the Purdue Research Foundation will speak during a panel discussion at the Fifth Annual Tech Transfer and Early Stage Investing Conference taking place Wednesday and Thursday (Oct. 17-18) at Boston University.

The conference, which is sponsored by the International Business Forum, is focused on starting, building and financing technology-based projects and spinouts from universities, national labs and corporations. The forum is the leading presenter of venture capital and private equity conferences in the United States.

Purdue's Company Fund Raising Boot Camp explores company formation, venture capital opportunities

Thu, 27 Sep 2007 14:01:00 EDT

Purdue faculty, staff, students and collaborators can learn about what's needed to launch a company at the second annual Company Fund Raising Boot Camp on Oct. 8-9 in Discovery Park.

The workshop will include panel discussions and presentations by nationally recognized experts in company formation and funding, including venture capital. Finalists also will be selected from the program to work with coaches to refine their presentations for a formal investment pitch to venture capitals in Silicon Valley next spring.

New process generates hydrogen from aluminum alloy to run engines, fuel cells

Tue, 15 May 2007 16:32:00 EDT

A Purdue University engineer has developed a method that uses an aluminum alloy to extract hydrogen from water for running fuel cells or internal combustion engines, and the technique could be used to replace gasoline.

The method makes it unnecessary to store or transport hydrogen - two major challenges in creating a hydrogen economy, said Jerry Woodall, a distinguished professor of electrical and computer engineering at Purdue who invented the process.

Companies reap venture capital connections from Discovery Park entrepreneurship boot camp

Mon, 14 May 2007 15:06:00 EDT

Three Indiana companies formed from research developed at Purdue University will make formal pitches for funding from Silicon Valley venture capital firms in California this week (May 14-21).

M4 Sciences Corp., MatrixBio LLC and BioVitesse Inc. were selected in March by camp sponsor Lonergan Partners after the Fundraising Boot Camp at Discovery Park's Burton D. Morgan Center for Entrepreneurship.

Startups win chance to meet with venture capital firms

Fri, 23 Mar 2007 09:16:00 EDT

Three Indiana companies formed from research developed at Purdue University have won the opportunity to make formal presentations for funding from venture capital firms in Silicon Valley.

M4 Sciences Corp., MatrixBio LLC, and BioVitesse Inc. were picked from several businesses that participated in the Fund Raising Boot Camp last fall at Discovery Park's Burton D. Morgan Center for Entrepreneurship. Camp sponsor Lonergan Partners selected the three winners in connection with the recent EntrepreneurshipWeek USA events on the Purdue campus.