BioCrossroads Names Venture Competition Finalists

Posted: Updated:
The winners will be announced next month at the Indiana Life Sciences Summit. The winners will be announced next month at the Indiana Life Sciences Summit.
INDIANAPOLIS -

Indiana's life sciences initiative has named the finalists for its fifth annual New Venture Competition. BioCrossroads says the six finalists will compete for cash prizes next month during the 2016 Indiana Life Sciences Summit.

BioCrossroads says, over the last four years, the New Venture Competition has awarded more than $240,000 to 16 startups, leading to $21 million in follow-up funding.

The competition was open to biotechnology, pharmaceutical, medical device, diagnostic, ag-biotech and health information technology companies with strong Indiana ties and high potential for follow-up funding. Out of more than 30 applicants, BioCrossroads has selected six finalists:

Daylight OB, a medical device company developing technology to improve health and safety in labor and delivery units
Rubicon Agriculture, which makes hydroponic growing facilities out of shipping containers
Rusher Medical, which has developed a portable expiratory pressure therapy device called the Rusher Valve
Scioto Biosciences, which develops medicines to support microbiome health
VinSense, which develops software that helps wine growers make better decisions based on real-time data
Xylogenics, which uses synthetic biology to create products enabling sustainable chemical production

The winner will receive a cash prize of $25,000 and access to the Indiana Seed Fund II staff and network of resources.

The 2016 Indiana Life Sciences Summit is set for October 4.

  • Perspectives

    • Investing Lessons from Mount Elbert

      With little mountain-climbing experience under any of our belts, a few friends and I decided to take on Mount Elbert, Colorado’s tallest mountain. While regular climbers may not consider this “Gentle Giant” a tall task, it was for us inexperienced climbers.  Is investing your “tall task”? If so, you can learn a lot from our experiences. And you won’t have to climb a mountain to do it!

    More

Events



  • Most Popular Stories

    • Purdue University ranks #7 for Best Value in a college education in the U.S., according to the Wall Street Journal

      Two Indiana Schools Break Top 50 List of Best Colleges

      The Wall Street Journal and the Times Higher Education magazine have released their annual list of the top 801 colleges and universities in the country. Two Hoosier universities are included in the top 50.

    • School District Raises Questions About ILEARN

      Like all schools in Indiana, we were disheartened at the ILEARN results for school year 2018. We would like to raise several questions concerning this test as it relates to college and career readiness for our students. The annual Indiana Statewide Assessment (this year’s ILEARN) has been developed to evaluate college and career readiness at all levels tested. We are very troubled by our lack of understanding of what indicators in the test evaluate...

    • Sports betting is now legal in Indiana

      Protecting Data Integrity as Sports Betting Grows in Indiana

      Casinos across the state are opening sports betting parlors this week, legally allowing gamblers in Indiana to place bets on professional and some collegiate sports. Some opponents of the law are concerned the integrity of sports is at risk. Others are worried about the integrity of the data used by odds makers in the now-legal betting houses. “There's a mechanism in place that can stop that from happening, or curtail it from happening in the future,” explains...

    • Purdue to Open Chick-Fil-A Amid Protests

      Citing overwhelming demand for Chick-fil-A’s food and services, Purdue University has announced it will allow the restaurant to open on campus. The university has been at the center of a debate over the Georgia-based food chain. 

    • Buttigieg to Lead Task Force on Automation

      South Bend Mayor Pete Buttigieg will Friday launch a task force aimed at preparing for the effects of automation at the U.S. Conference of Mayors Winter Meeting. The mayor's office says “Automation and the Impacts on America’s Cities” will include mayors from throughout the country.