By Kristen Schorsch, Crain’s A year-old investment fund of Baxter International Inc. is leading a group that’s pumping $38 million into a north suburban startup developing treatments for depression and pain. The investment is the second round of funding for Evanston-based Naurex Inc., which raised $18 million in May 2011 from a group led by [...]
Read MoreBy Catherine Clifford, Entrepreneur.com The Midwestern state that launched the political careers of Presidents Lincoln and Obama isn’t as well known for its leadership in electric grid technology. But because of its position at the forefront of the industry, Illinois has been awarded more than $1.5 million from the Small Business Administration as part of [...]
Read MoreBy John Pletz, Crain’s Researchers from Argonne Laboratory and University of Chicago have landed a $600,000 National Science Foundation grant to use data to help cities do better urban planning and design. Charlie Catlett, a researcher at the Computation Institute run by Argonne and U of C, will lead the newly established Urban Center for [...]
Read MoreBy Lorene Yue The University of Chicago is expanding its entrepreneurship program to the entire student body, thanks to an $8 million donation from Michael Polsky, the alum who funded a graduate innovation program a decade ago. Mr. Polsky’s $7 million gift in 2002 helped found the Michael P. Polsky Center for Entrepreneurship at the [...]
Read MoreCoordinated effort will include universities, private companies By Julie Wernau, Chicago Tribune reporter The number is five. Batteries that are five times more powerful, five times cheaper, within five years. That’s the stated goal of Argonne National Laboratory team that will establish a research institute for battery technology in Illinois that combines isolated research happening [...]
Read MoreEnergy Department Announces Team to Receive up to $120 Million Over 5 Years CHICAGO – November 30, 2012. Governor Pat Quinn was joined today by U.S. Secretary of Energy Steven Chu and Chicago Mayor Rahm Emanuel to announce that a multi-partner team led by Argonne National Laboratory has been selected for an award of up to [...]
Read MoreOn behalf of children caught in pension squeeze, effort will “educate and activate” Illinois citizens about $96 billion problem CHICAGO – November 18, 2012. Governor Pat Quinn today launched an Internet grassroots campaign to increase public awareness about the need for pension reform in Illinois. Relaying a message from the next generation to today’s leaders, the [...]
Read MoreBiotech Start-Up Relocates from New Jersey, Plans to Create Up to 100 Jobs, Cites Talent Pool as Draw CHICAGO — November 14, 2012. Governor Pat Quinn announced today that biopharmaceutical company Durata Therapeutics is moving its global headquarters to Illinois from New Jersey. The drug development company’s relocation to 200 S. Wacker Dr. in downtown Chicago [...]
Read MoreGoal Is to Increase STEM Experience of Latin American Students Through Globally Connected, Interdisciplinary Labs SKOKIE, IL–(Marketwire – Nov 5, 2012) – NanoProfessor®, the global leader in hands-on undergraduate nanotechnology education, announced today that it has accepted an invitation to join Innovation Plaza, a partnership between academia and several science and engineering-based industry organizations with [...]
Read MoreDEERFIELD, Ill., USA, November 1, 2012 – Baxter International Inc. (NYSE:BAX) today announced an exclusive 20-year partnership with Hemobrás (Empresa Brasileira de Hemoderivados e Biotechnologia) to provide hemophilia patients in Brazil greater access to recombinant factor VIII (rFVIII) therapy for the treatment of hemophilia A. Hemophilia A is a genetic condition in which the body [...]
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