The Minneapolis Star Tribune reported yesterday that Steven Burrill, a California venture capitalist, is close to raising a $1 billion venture fund to promote biotechnology startups in Minnesota. Burrill is also building a biotech research park near the Mayo Clinic in Rochester. This is huge news for Minnesota, especially in this time of dried up [...]
I was unable to attend Friday’s BioHouston event on new funding opportunities for small businesses. Fortunately, Stephanie Kreml of BCM Technologies was kind enough to share her notes. Michael Weingarten, Director of the NCI Development Center, gave the presentation (slides) on Friday. In addition to going over the structure and requirements for the existing SBIR/STTR [...]
Houston lags the major biotech clusters A lot of energy has been spent in the last 10 years trying to figure out why Houston, with all the research conducted in its world-class medical center, hadn’t spawned more biotech startups. Houston lagged behind the major biotech clusters–San Francisco, San Diego, and Boston–in the number of biotech [...]