Vestaron makes an eco-friendly pesticide derived from spider venom. Bagaveev uses 3-D printers to make rocket engines for nanosatellites. Transatomic Power is developing a next-generation reactor that runs on nuclear waste.
They all have one thing in common: money from Silicon Valley venture capitalists.
After years of shying away from science, engineering and clean-technology start-ups, investors are beginning to take an interest in them again, raising hopes among entrepreneurs in those areas that a long slump is finally over. But these start-ups face intense pressure to prove that their science can turn a profit more quickly than hot tech companies like Snapchat and Uber.
In August, the Founders Fund, which has backed social networks like Facebook and Yammer and the streaming-music service Spotify, announced a $2 million investment in Transatomic Power of Cambridge, Mass. Days earlier, Y Combinator, known for aiding web and mobile-app start-ups like the social news site Reddit and the game maker Omgpop, took part in a $1.5 million early investment in Helion Energy, which is developing an engine powered by nuclear fusion.
The Latest on: Science Start-Ups
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The Latest on: Science Start-Ups
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France Digitale has some suggestions to stop the slide in its manifesto for the 2024 European elections Start-ups need more help in accessing EU funding and support in expanding across the bloc if ...
- UMB, UMBC partner to create life science startup acceleratoron November 23, 2023 at 4:18 pm
Ravens owner Steve Bisciotti's new $100 million biotech fund is partnering with the universities on the new accelerator.
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