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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WashU student Angelica Harris found that most commercial test prep companies failed to meet the needs of Black students, so she started her own.
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Vancouver, BC, April 26, 2024-- (T-Net)-- Suzano Ventures, the corporate venture capital arm of Suzano, the world's largest market pulp producer, has made a strategic investment into the ...
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- Cell Therapy Startup Energized via Smarter Operationson April 23, 2024 at 5:00 pm
Carter, senior director, manufacturing science and technology (MSAT), at Quell Therapeutics ... believes this has helped him take a strategic approach to his work at Quell. “Sometimes [at a startup], ...
- Minerals are in short supply on Earth. This startup wants to mine asteroidson April 23, 2024 at 1:13 am
The company already has a refinery in space, and this year it will launch a reconnaissance mission to a metallic asteroid in deep space.
- Honeywell India boosts innovation by funding deep science start-ups through partnership with IIScon April 21, 2024 at 2:59 pm
Honeywell Hometown Solutions India Foundation (HHSIF), the philanthropic arm of Honeywell (NASDAQ: HON), in partnership with the Foundation for Science, Innovation and Development (FSID), Indian ...
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