Texas Aims to Lure Cancer Startups With $3 Million Grants

A major funder of cancer research in Texas is offering up to $3 million in seed funding to help lure startups to the Lone Star state--and keep them here.On Monday, The Cancer Prevention and Research Institute of Texas announced a new Seed Award, which will target startups trying to introduce disruptive technologies in the cancer-care market.The institute has already doled out more than $1.9 billion to cancer research and prevention programs statewide since 2007. But the new grant is unique in that it specifically targets less established companies that are just getting started, an area where venture capital funds are sparse.The goal is to move them out of the seed stage, “and into the stage where the products are going to be more attractive to external investors,” said Mike Lang, chief product development officer.  Continue reading...

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