WEST LAFAYETTE, Ind.--(BUSINESS WIRE)--Companies based on Purdue University innovations or headquartered in the Purdue Research Park can receive investments from the Emerging Innovations Fund, which bridges the gap between enterprise formation and third-party equity financing.
Companies that have received funding include:
* bioVidria, which received $75,000 in 2014 to develop new methods for protein analysis to advance pharmaceuticals, proteomics and agriculture. Innovation based on research by Mary Wirth, the W. Brooks Fortune Distinguished Professor of Chemistry.
* Matrix-Bio, which received $75,000 in 2010 and $75,000 in 2011 to develop a test for hepatocellular carcinoma, a type of liver cancer. Innovation based on research by Daniel Raftery, who previously was a Purdue professor of chemistry.
* Medtric Biotech, which received $100,000 in 2013 to develop products for the wound care sector. The company plans to release several consumer products that include the GoPlay® line this year. Innovation based on research by Sean Connell and Jianming Li, who earned doctorates in biomedical engineering.
* Microfluidic Innovations, which received $75,000 in 2013 to develop a system to help researchers perform life science assays at microfluidic, or sub-millimeter, scale where experiments can be conducted faster, less expensively and with higher precision.
* SensorHound, which received $75,000 in 2015 and could receive an additional $75,000 if certain milestones are met. It focuses on technology that reduces the operations cost and improves the reliability and security of the Internet of Things (IoT). Innovation based on research by Patrick Eugster, associate professor of computer science; Vinai Sundaram and Matthew Tan Creti, co-founders of SensorHound.
* Spensa Technologies, which received $80,000 in 2012 and $20,000 in 2013 to develop and market precision ag technologies. Innovation based on research by Johnny Park, a research assistant professor of electrical and computer engineering.
* Telos Discovery Systems, which received $75,000 in 2014, a boutique equipment manufacturer that supports basic and discovery medical research. It is based on the work of Joseph Garner, a former Purdue associate professor of animal sciences.
* Tymora Analytical Operations, which received $20,000 in 2012 to provide laboratory research and development products for the life sciences. Innovation based on research by W. Andy Tao, professor of biochemistry.