The group is affiliated with ITEC through ITEC’s eSPRIT student intern program, entrepreneurship education program, and collaborative efforts with Boston University International Incubator Program.
Noyes reports:
Initially, Raj Mohanty was concerned about attracting investors to his Boston University spinout company.
But when it came to raising the company’s first $8 million in funding, Mohanty, the founder and chief technology officer of Boston-based startup Sand9 Inc., said ultimately the university’s new ventures group made the most difference.
“Overall the local (venture capital industry) is positive about technology companies coming out of places like Boston University,” he said.
Started only two years ago, the new ventures group was formed within the university’s office of technology department in an effort to spur a greater number of spinouts into the marketplace.
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-Mass High Tech- April 14, 2008
The company develops disposable medical tools intended to both diagnose and treat cancer in real–time, reducing the need for biopsies. The tools use a patented optical biopsy sensor that can identify cancerous tissues noninvasively by using light.
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