Word: startup
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Dates: during 2000-2009
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...three sought to commercialize their discoveries through startup companies, but since the cash-strapped startups would compensate them in stock, they would not be able to continue research on their discoveries under the companies’ sponsorship. Thrall and other observers say those restrictions make it harder for academics and biotech firms to collaborate on potentially lifesaving treatments...
When a Medical School researcher obtains a patent, he or she often sells licensing rights to a small biotech startup rather than a pharmaceutical giant. Large firms often are unwilling to take risks on new and untested technologies...
...their business plan for Check My Radar, a new take on social networking Web sites, walked away with the grand prize in a competition held this semester by the newly-formed Harvard College Entrepreneurship Forum (HCEF).HCEF will link the winners of their 2007 Startup Plan Competition and Summer Fellowship Program to an early-stage investor who will provide up to $10,000 to cover the team’s expenses while they develop their business.Tanjeloff and Galkowski, who were honored for their win in a ceremony held last week, first met through HCEF’s online community...
...This hasn’t always been the case, at least at the College. Indeed, Harvard Student Agencies (HSA) was founded in 1957 to employ scholarship students, not train startup founders. A September 1967 Crimson article cited “the average Harvard student’s apparently natural disdain for business” as the source of campus antipathy to HSA. Budding entrepreneurs had hurdles to jump through trying to innovate. Gates, for one, allegedly went before the Administrative Board for commercially using University computers. And HSA, with its tight monopoly of campus services, rather than fostering innovation, only...
...Mittelman and Maurice Samuels, whose investment strategies netted billions for the University but whose large compensation packages—which topped $30 million in 2003—generated controversy. The presence of an already proven team at Convexity helped to inspire investor confidence, even as overall investment in startup hedge funds declined by nine percent in 2006. Meyer’s faith in his team’s ability to consistently beat the odds led him to make Convexity’s 20 percent commission on profits—a standard percentage for hedge funds—contingent...