New venture moves tunable nanogels toward commercialization
Cyta Therapeutics Inc., which Dr. Sankaran Thayumanavan cofounded in 2014 with Bonnie Fendrock and Steve Faraci, recently got a boost when the Mass Technology Transfer Center awarded Thayumanavan’s lab a $40,000 Innovation Commercialization Seed Fund grant.
7 Start-ups Formed in FY 2016, Compared to 2 in FY 2015!
Last summer, the TTO launched the “Envisioning Process” to encourage those interested in starting a company based on their inventions. In this process the TTO personally advises faculty and students about products and markets, how to incorporate, how to pick a name, how equity works and how to raise money, among other things. The goal is for the founders to say, “Hey, I can do that!” The TTO then commits to license the needed patent rights to the company.