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Traverse Biosciences Secures $500k Seed Financing

Traverse Biosciences has announced that it has secured $500,000 in convertible debt financing to support operations and advance product development efforts. The seed financing was led by Excell Partners, with matching funds from a number of individual accredited angel investors. The Research Foundation for the State of New York (RF/SUNY) also participated in the financing, as part of an exclusive license and option agreement executed last year that gave Traverse Biosciences access to the relevant intellectual property for use in animal and human health.

Traverse Biosciences, which began when CEO Joseph Scaduto was serving as a BioEntrepreneur-in-Residence for the Center for Biotechnology, is working to commercialize its proprietary library of Stony Brook University invented chemically-modified curcumins for the treatment of chronic inflammatory conditions and cancers affecting humans and animals.

Read more about Traverse and the recent financing:

 

 

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Inline image 1
 
IMPORTANT UPCOMING DATES
Info Session Call
Friday, Feb. 9 from Noon - 1pm EST
Monday, Feb. 19: Deadline for applications
A GLOBAL COMPETITION FOR EARLY-STAGE MEDICAL DEVICE AND BIOTECH STARTUPS
The goal of the $200K Challenge is to identify the most promising innovations that will move the needle in healthcare. They will be presented to a group of experts - industry partners, investors, product development experts, regulatory and quality experts, and medical, academic and business experts. The applicants whose innovations are deemed best will be awarded with in-kind services to advance their technologies.
The $200K Challenge is being sponsored by Johnson & Johnson Innovation, the Massachusetts Life Sciences Center, Amgen, Boston Scientific, Mintz Levin, MPR and R&Q.
[post_title] => A Global Competition For Early-Stage Medical Device And Biotech Startups [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => a-global-competition-for-early-stage-medical-device-and-biotech-startups [to_ping] => [pinged] => [post_modified] => 2018-02-07 19:01:39 [post_modified_gmt] => 2018-02-07 19:01:39 [post_content_filtered] => [post_parent] => 0 [guid] => http://centerforbiotechnology.org/?p=2952 [menu_order] => 124 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [1] => WP_Post Object ( [ID] => 1600 [post_author] => 3 [post_date] => 2015-05-12 14:07:25 [post_date_gmt] => 2015-05-12 14:07:25 [post_content] => The Center for Biotechnology is seeking one or more qualified and motivated high school students interested in learning about and supporting technology development and commercialization of new biomedical innovations on behalf of the Long Island Bioscience Hub (LIBH). The LIBH is a National Institutes of Health-designated Research, Evaluation, and Commercialization Hub (REACH), one of only three such centers in the country. The LIBH supports the development and commercialization activities of its partner institutions including Stony Brook University, Cold Spring Harbor Laboratory, and Brookhaven National Laboratory. Candidates for the Fellowship will have completed their junior year in high school, have a GPA of no less than a 3.0, and have an interest in exploring careers in a biomedical field. The Fellowship will run from July 6 - August 21. Some flexibility possible. Interested candidates should send a one-page statement of interest detailing their academic accomplishments and describing what they would like to gain from the Fellowship experience, along with a transcript to: Diane Fabel at diane.fabel@stonybrook.edu. Selection Process: Deadline for application materials is May 31, 2015. Additional admissions procedures (including interviews, by telephone or in person) may be required. Notification: Applicants will generally be notified by June 12, 2015. One-two applicants are expected to be selected. [post_title] => Commercialization Fellowship for High School Students [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => commercialization-fellowship-for-high-school-students [to_ping] => [pinged] => [post_modified] => 2015-05-28 14:24:01 [post_modified_gmt] => 2015-05-28 14:24:01 [post_content_filtered] => [post_parent] => 0 [guid] => http://centerforbiotechnology.org/new/?p=1600 [menu_order] => 201 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [2] => WP_Post Object ( [ID] => 3242 [post_author] => 3 [post_date] => 2019-04-22 15:32:30 [post_date_gmt] => 2019-04-22 15:32:30 [post_content] => The next round of Jeff Lawrence Innovation Fund Manufacturing Grants will open on May 1, 2019!  Manufacturing Grants are designed to encourage collaboration between companies and non-profit organizations in New York State that work with the manufacturing industry. Eligible applicants include New York State not-for-profit organizations and applicants must partner with a New York State small or medium sized (SME) manufacturer or other early-stage company with a project relevant to the manufacturing sector. For the purposes of this grant, SME is defined as a business with at least one physical establishment in New York State, and no more than 500 employees across the entire firm or enterprise worldwide. Eligible projects will include those that are used by the applicant to assist companies with the following types of projects: adoption of new technology to enhance a process and/or product, Prototype development, Design for manufacturing, Proof-of-concept manufacturing, Manufacturing scale-up Manufacturing-related equipment purchases [4] [5], and other projects to advance manufacturing or manufacturing capabilities Awards will be selected in July. Visit https://fuzehub.com/manufacturing-grants/ for full details.   [post_title] => Innovation Manufacturing Grants [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => innovation-manufacturing-grants [to_ping] => [pinged] => [post_modified] => 2019-04-22 15:32:30 [post_modified_gmt] => 2019-04-22 15:32:30 [post_content_filtered] => [post_parent] => 0 [guid] => https://centerforbiotechnology.org/?p=3242 [menu_order] => 96 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) ) [post_count] => 3 [current_post] => -1 [before_loop] => 1 [in_the_loop] => [post] => WP_Post Object ( [ID] => 2952 [post_author] => 4 [post_date] => 2018-02-07 19:01:39 [post_date_gmt] => 2018-02-07 19:01:39 [post_content] =>
Inline image 1
 
IMPORTANT UPCOMING DATES
Info Session Call
Friday, Feb. 9 from Noon - 1pm EST
Monday, Feb. 19: Deadline for applications
A GLOBAL COMPETITION FOR EARLY-STAGE MEDICAL DEVICE AND BIOTECH STARTUPS
The goal of the $200K Challenge is to identify the most promising innovations that will move the needle in healthcare. They will be presented to a group of experts - industry partners, investors, product development experts, regulatory and quality experts, and medical, academic and business experts. The applicants whose innovations are deemed best will be awarded with in-kind services to advance their technologies.
The $200K Challenge is being sponsored by Johnson & Johnson Innovation, the Massachusetts Life Sciences Center, Amgen, Boston Scientific, Mintz Levin, MPR and R&Q.
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A Global Competition For Early-Stage Medical Device And Biotech Startups

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Commercialization Fellowship for High School Students

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Innovation Manufacturing Grants

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