Memphis, TN–The Memphis economic development initiative, MemphisED will provide $11.5 million over five years to help the Memphis Bioworks Foundation launch Innova, a business accelerator for biotech startups. (more…)

Atlanta, GA–Flu vaccine delivered through painless microneedles in patches applied to the skin could soon be an alternative to delivery through hypodermic needles, according to researchers at Emory University and the Georgia Institute of Technology. (more…)

Herndon, VA—The Center for Innovative Technology (CIT) says CIT GAP Funds is investing $100,000 in Innovative Biologics Inc. (IBI), an anti-infective drug discovery and development company searching for new drugs that target antibiotic resistant bacteria and other toxic microbes. (more…)

By Allan Maurer, Tech Journal South

Tampa, FL—Three veterans of the Florida venture capital industry are raising a new $100 million fund called Sunrock Ventures to target technology companies in the Southeast. Managing director Tate Garret says that because the Southeast has 20 percent of the nation’s population but only 5 percent of total venture capital invested nationally, it represents a potentially lucrative opportunity. (more…)