Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Posts Tagged ‘funding’

Funding Ocean Energy: new study released

Posted by fidest press agency su sabato, 21 luglio 2018

Europe is spearheading the world’s ocean energy technology, and has today a strong pipeline of projects for a total capacity of 1 GW. But it did not accomplish this overnight. According to a recent Commission study, the continent has been spending €3 billion on ocean energy over the last decade. This is the kind of investment required to develop the new technologies, test them both in the lab and at sea, and scale them up to commercial level.About two thirds of this massive research and development effort was sustained by developers and by the private sector. The remaining third was mobilised by the European Commission and the EU countries to support the developers, adapt harbour infrastructure and generally lay the right conditions for this emerging sector to grow. The next decade could see the total installed capacity rise to almost 4 GW, with financial needs that would grow accordingly and could reach 9.4 billion euros. Most of the money is expected to go into tidal stream installations; this is to date the more “mature” technology, and promises to offset the high upfront capitals with low operational costs.The technology is therefore likely to raise more and more money through private loans. The need for public funding, mainly to leverage private capitals and finance research, would thus shrink to one fourth of the total investment. If access to and cost of capital remain crucial to move towards the commercial phase, the study shows that there can be no route to market without a stable and predictable public policy on ocean energy and marine space. This was also the case for other renewables, especially offshore wind energy, which provide useful experience to build on.

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Alpha Genesis, Inc.: Primate Center Receives Funding, Serves Community

Posted by fidest press agency su lunedì, 15 gennaio 2018

Yemassee, South CarolinaYemassee, South Carolina. Alpha Genesis, Inc. is a fast-growing company that provides primate products and research services. The Company serves a broad customer base that extends across the United States, Europe, and Asia. The Company is headquartered in Yemassee, South Carolina, and utilizes a differentiated approach that gives its customers a powerful advantage in the marketplace through best-in-class lead times, quality assurance, resource management, and solutions-oriented approaches.A statement from Senior Company Management read that “In recent years the Company has shifted strategy from providing services to domestic clients to serving an international customer base and providing multiple value-added products and contract support systems. Given our tremendous organic growth and acquisition opportunity set, we seek to fulfill our strategic vision and are eager to support continued investment in new technology and capabilities that best serve our valued clients. We are thrilled to be in our current strong and rapidly developing position within the marketplace and look forward to this next stage in our Company’s evolution.” “Recent investments come from multiple sources,” said a Senior AGI Management source under condition of anonymity, and are, “sufficient to fully fund our previously-announced growth initiatives, and will allow us to plan for even more in the coming years. Our investors continue to be impressed by AGI’s stellar reputation in the industry and by our important role in helping customers obtain solutions for their research needs.” Crunchbase.com, an internet data source, lists three funding recent rounds for Alpha Genesis, Inc., totaling $12.5 million over the last six months alone.
Recent Company initiatives have included constructing state-of-the-art research infrastructure, purchasing improved veterinary and diagnostic equipment, enhanced training of new skills for staff, and providing valuable employment and skill acquisition opportunities for the local community. The Company has a policy to Buy Local, Invest Local, Hire Local, and Give Local, and supports numerous Community Development Initiatives. A statement from AGI Senior Management adds that, “Serving our friends and neighbors is not only a great pleasure, but also a wonderful opportunity and an amazing privilege.”

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NodeSource Secures $17.5 Million in Series B Funding

Posted by fidest press agency su martedì, 26 dicembre 2017

Silicon Valley BankThe up-round investment was provided by Silicon Valley Bank, Industry Ventures and existing investors Crosslink Capital and RRE Ventures. NodeSource will harness the investment proceeds to rapidly grow its engineering, support and global go-to-market teams to better serve customers as they create and deploy mission-critical and secure applications, leveraged by the power and low cost of the open source community.NodeSource has raised a total of $33.4 million since its founding in 2014, including a $12.5 million Series A round in April 2016 by RRE Ventures, Crosslink Capital and Resolute Ventures and a February 2015 seed round of $3.4 million from Crosslink Capital, Hack VC and Resolute Ventures.
Node.js is the fastest-growing open source project on earth, and NodeSource is the only commercial provider specializing in Node.js for the enterprise. Its flagship product N|Solid is a fully-compatible enhanced Node.js platform designed for mission-critical enterprise applications and is built to meet the unique needs associated with running server-side JavaScript at scale. N|Solid empowers organizations to develop, manage, secure, and analyze Node.js applications while providing unparalleled visibility into application behavior and system health, as well as offering configurable security policies and real-time vulnerability scanning. NodeSource’s effective commercialization of Node.js technology has attracted a wide range of customers, including Citadel, Comcast, Condé Nast, Delta Airlines, Goldman Sachs, Mastercard, and PayPal.“Our Node.js solutions are powerful tools for enterprises that need to run mission-critical applications on JavaScript,” commented NodeSource Founder and CEO Joe McCann. “The market potential is significant, and this Series B investment from our partners at Crosslink Capital, Industry Ventures, Silicon Valley Bank and RRE Ventures further validates the strategy behind N|Solid and NodeSource Certified Modules (NCM), which is all about empowering organizations to successfully adopt, operationalize and scale Node.js to drive digital transformation initiatives.” (photo: Silicon Valley Bank)

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Invest in Photonics sees greater funding opportunities for photonics start-ups with corporate ventures

Posted by fidest press agency su mercoledì, 22 ottobre 2014

bordeauxBordeaux, France. Invest in Photonics® 2014, a two-day international business partnering convention focused exclusively on photonics VC investment, today announces that participation at the October 9 – 10 event for business angels, VCs and corporate ventures rose by 13 per cent, to 170 attendees. Robert Bosch Venture Capital and Safran Corporate Ventures participated for the first time. This was also the first year the event welcomed investors from the crowdfunding community and traders, signaling a broadening attraction in alternative funding.Twenty early- to late-stage pan-European photonics firms pitched investors to target a cumulative total of USD 90m (EUR 70m) in funding. This is in line with the 2012 edition funding target.Attendees applauded the overall quality of the companies presenting, who were coached by market research and strategic consultants Yole Finance, a business unit of Yole Developpement. Investors attending the event plan to pursue next phase discussions with 13 companies who presented. Dutch-based Effect Photonics, a developer of DWDM (Dense Wavelength Division Multiplexing) System-on-Chip based modules to decrease the complexity and increase the energy efficiency in data centers, won the Invest in Photonics award for most promising company in the photonics market. Finnish firm Valkee, a maker of bright light headsets to dissipate winter blues, and Luxexcel, a Dutch company providing processing technology for 3D printed optics, took second and third place respectively.“We have seen a significant increase in the business relevance and quality of the investment opportunities presented this year,” said Giorgio Anania, chairman of Invest in Photonics 2014. “The key take away for photonics start-ups is to ride the shift from VC to new funding sources such as corporations, business angels and alternative financing that were presented during the event.” The photonics industry is estimated at USD 480bn. According to keynote speaker Steve Anderson, industry and market strategist at SPIE (The international society for optics and photonics), for the core components business close to 2,750 photonics firms span 46 countries. Japan, the US and Germany host the majority. Ten per cent of companies employ roughly 77 per cent of employees. Most companies generate between USD 1m to USD 10m in revenue. The smaller companies produce only 4 per cent of photonics business sales, whereas larger firms (more than USD 1bn) represent 72 per cent of total sales. Japan generates 50 per cent of total photonics revenue.
While many of the VCs attending acknowledged that investment in early stage photonics companies is becoming rare, they recognized that there has been an “explosion of corporate ventures, which are filling the VC gap,” according to Alessio Beverina, venture partner. He has seen the number of corporate deals and partnerships rise steadily from 133 in 2005 to a peak of 330 in 2010, showing an approximate value of EUR 1.5bn in deals.
A new entrant in corporate financing made its appearance at this year’s event. Gregoire Aladjidi, director of Safran Corporate Ventures, announced that the Safran Group has a EUR 1.5bn research and development budget. Safran Corporate Ventures is a strategic investor collaborating with portfolio companies in a number of select areas, including materials, sensors, energy, advanced manufacturing and robotics. It will typically fund series A or B rounds in the vicinity of EUR 5m.This year, Invest in Photonics emphasized four market segments that extensively use photonics: consumer electronics, the life sciences, aerospace and transportation, plus energy and the environment. Speakers who represented these industrial sectors gave examples of the gaps in innovation they are looking to fill.Dieter Kraft, partner at Robert Bosch Venture Capital, who participated in the roundtable on ‘Photonics financing: shift from VC to corporations’ said that Bosch seeks to bring business expansion, disruptive technology as well as new business models to the company. Ticket size investments range from EUR 1m to EUR 4m and up to EUR 10m investments worldwide. Automation control, energy conversion efficiency, signal processing and healthcare are areas of interest.Alcatel Lucent Bell Labs’ Jean-Luc Beylat sees growing market opportunities for silicon photonics in the migration from telecom networks to data centers. Yole Developpement sees a turning point in the silicon photonics device market in 2018, growing from around USD 25m in 2013 to USD 700m in 2024.Biophotonics, used in high-end desktop devices for life science and healthcare applications, stands out as another strong growth area. Yole Developpement indicates that it will expand from USD 23bn in 2012 to USD 36bn in the next three years (Source: Biophotonics Market 2013, April 2013 edition). Leica Microsystems advocated a strong need for more powerful lasers to enable super resolution technology for microscopGreen photonics came up as another expanding area that is garnering investor interest. Beverina says that green photonics is interesting for VCs because it has real problems to solve, offers a huge market size and high growth potential. “VCs will continue to invest in photonics technologies if there is a strong market driver, such as regulations, incentives, needs for lower costs, significant growth in demand etc.”In his presentation on the ‘EU vision on financing photonics’, Wolfgang Boch, head of the photonics unit, European Commission, says that “the EU has, within the Horizon 2020 Program which provides overall funding of EUR 78.6bn, an envelope of EUR 700M earmarked to support photonics research and innovation activities in Europe.” He presented several instruments, like the dedicated SME instrument and pilot actions that go beyond research and development. These include helping companies test technology and products in real life situations and setting up mechanisms to transfer know-how to start-ups at low or no cost.“Photonics is central to driving innovation in the 21st century. To exploit Europe’s full potential in photonics, collaboration along the value chain and networking are crucial,” added Boch.
Invest in Photonics® is the only European partnering convention focused exclusively on leading investments in photonics. 2014 is the fourth Invest in Photonics, the biennial event where investors are presented with the most innovative, credible and profitable business ventures. The two-day event creates strategic investment opportunities by bringing together institutional investors and venture capitalists with the world’s experts on photonics, industry leaders, analysts and photonics entrepreneurs – all within a single venue. Early stage companies seeking seed funding, development and later stage financing can successfully network with qualified international panels of investors and potential partners to further business projects. Featuring recognized speakers from world leading companies, Invest in Photonics’ conferences provide the highest quality data on market trends and engage participants in informational exchanges on photonics developments.

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New opportunit​ies in funding for Life Science companies in Europe

Posted by fidest press agency su giovedì, 15 Mag 2014

lausanneThe 5th edition of the Tech Tour Healthtech Summit will take place in Lausanne on June 23-24th, 2014. The event will be hosted at the new SwissTech Convention Centre and focus on four streams, each with five of the best investment opportunities presented by company CEO:
•Miniaturization / Minimally Invasive Approaches
•Diagnostics & Imaging
•Digital Health / mHealth Applications
•Integrated Solutions/ Robotic
A lounge style, networking dinner will be hosted at the Olympic Museum on June 23rd giving delegates and CEO’s the opportunity to mingle with Healthtech VIP’s, government representatives and Corporate’s. Antoine Papiernik of Sofinnova Partners, VP Selection Committee for the Healthtech Summit commented “Mainstay Medical, a Tech Tour company who presented at the 2013 HealthTech Summit is another great example. They relocated to Ireland 18 months ago and raised $20m, last week they went public with a double listing on Paris Euronext and Dublin ESM raising €18m. This clearly show cases how Europe is fertile ground for Life Science companies, with both the money and the know-how in place to catapult companies into the global arena”. Success Stories from past Healthtech Summits
•BioControl Medical (2008) raised more than €70m in funding
•Mainstay Medical (2013) IPO – raised €18m in the all-primary deal, valuing it at €90m
•EOS Imaging formerly Biospace Med (2008) €40m IPO in 2012
•CeQur (2008 & 2010) $40m funding in 2010
•Endosense (2008) raised more than $80m in funding  and was acquired by St Jude for $330m
•Novashunt  – now Sequana (2008) has raised more than $50m since 2008
•Precimed (2007) acquired by Greatbach $125m
•Optinose (2008) raised more than $48.5m
•Symetis (2008) raised more than $25m in funding
•Gynesonics (2010) $21m in funding
•Miracor Medical Systems (2010) raised more than €13.5m
•Sapiens (2010) raised more than €35m in funding
•BMEYE (2010)acquired by Edwards Lifesciences $42m in 2012

 

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Financial sustainability of European higher education

Posted by fidest press agency su martedì, 22 febbraio 2011

The European University Association (EUA) today (22nd February) publishes a comprehensive new report on the financial sustainability of European universities. This is a crucial issue for Europe’s 5,000 plus universities. As the number of university students continues to rise across Europe, and the economic downturn has led to cuts in public funding in many countries, higher education systems are faced with the challenge of creating sustainable funding models to secure the future of university education. This report underlines that universities need both sufficient resources, and a long-term planning horizon to invest in their future academic and research activities, and thus to continue fulfilling their role in society. EUA believes that future financial sustainability depends on reliable, sufficient public funding, and on the autonomy and support necessary to explore successfully complementary funding options. The report “Financially Sustainable Universities II: European Universities Diversifying Income Sources” will be launched today (Tuesday 22 February) at a reception in Brussels. It is the outcome of a two-year EC-supported project (European Universities Diversifying Income Streams – EUDIS). Its findings are based on an online survey completed by more than 150 universities across 27 countries, by site visits and by workshops involving a wide range of institutions. The report gives a detailed description of how European universities are currently financed, and looks into the sector’s expectations for future evolutions. It also analyses the many different barriers currently preventing universities from pursuing additional income streams (considering internal challenges and external regulatory barriers) and the possible drivers for stimulating ‘income diversification’. Importantly, the study reveals that additional funding sources cannot replace sufficient public funding. It concludes with a series of recommendations for creating more sustainable funding models for the future.

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Funding for Indonesian Forest Conservation

Posted by fidest press agency su mercoledì, 10 novembre 2010

Jakarta Greenpeace challenged the United States to dramatically increase the financial support it gives Indonesia to reduce deforestation and cut its substantial greenhouse gas emissions.  The challenge followed the announcement at a press conference in Jakarta with Presidents Obama and Susilo Bambang Yudhoyono (SBY) that the US will provide only limited funds to help protect Indonesia’s rainforests and carbon-rich peatlands.  The funding, part of the US-Indonesia Comprehensive Partnership, includes US$7 million for the establishment of a Climate Change Center and $10 million initial funding for projects to protect peatlands.  The agreement also includes $119 million for the SOLUSI (Science, Oceans, Land Use, Society and Innovation) partnership, which includes a variety of environmental initiatives, including a second Tropical Forest Conservation Act agreement, and the Forestry and Climate Support Project (IFACS).
At the upcoming United Nations climate talks in Cancun, Indonesia is expected to announce details of the deal it is negotiating with Norway, which offered US$1 billion in forest protection funds earlier this year.  Central to the deal is a two-year moratorium on new concessions to destroy forests and peatlands, expected to start 1 January 2011.
Millions of hectares of Indonesian rainforests and carbon-rich peatlands have been destroyed since President Obama lived in Indonesia as a child.  Driven largely by expansion of plantations for palm oil and pulp and paper, this has made Indonesia the world’s third largest greenhouse gas emitter, after the US and China.

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Globalstar Completes Financing

Posted by fidest press agency su mercoledì, 1 luglio 2009

Globalstar, Inc. a leading provider of mobile satellite voice and data services to businesses, governments, and consumers, today announced that it has completed a financing of approximately $738 million. The total financing combines a previously announced $586 million credit facility and registered direct offering of convertible debt and warrants for $55 million plus a deposit by Thermo Funding, the majority shareholder of Globalstar, of $60 million into a contingent equity account, and funding of a debt service reserve account. The $738 million financing fully funds the manufacture, delivery and launch of the Company’s Globalstar 2.0 second-generation network and ground facilities, plus certain long-lead items connected with the accelerated delivery of additional second-generation spare satellites, and provides the Company with working capital needed for current and future operations.
About Globalstar, Inc.  With over 350,000 subscribers, Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The Company’s products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and integrated solutions such as the SPOT Satellite GPS Messenger plus flexible service packages. Many land-based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications. http://www.globalstar.com

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