RRIT Venture Creations Incubator helps high-potential startups turn ideas into market-ready products and prepare for external funding. It provides active coaching from on-staff mentors, educational events, and access to a network of vetted partners in legal, HR, accounting, sales, and marketing to support growth, plus access to university resources such as sustainability, cybersecurity, and IP research. The incubator also assists non-US startups with fast, cost-effective entry into the US market before an A-round. Its goal is to accelerate startup growth and increase the odds of success by mentoring, providing specialized expertise, and leveraging RIT resources and market-entry support.
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Industries
Company Size
1-10
Company Stage
N/A
Total Funding
$50.5M
Headquarters
Rochester, NY
Founded
2003
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Total Funding
$50.5M
Above
Industry Average
Funded Over
0 Rounds
Kanvas Biosciences has raised $48 million in a Series A round co-led by DCVC and Lions Capital, bringing total funding to $78 million. Gates Foundation, ATHOS KG, Germin8, Ki Tua Fund and Pangaea Ventures also participated. The spatial biology company will use the funds to conduct clinical trials for KAN-001, its lead immuno-oncology drug candidate designed to improve immunotherapy efficacy in solid organ cancer patients. The live biotherapeutic product addresses limitations of fecal microbiota transplants by offering safer, more scalable treatment for patients who don't respond to immune checkpoint inhibitors. Kanvas has developed a platform that spatially maps microbial and host cells, enabling manufacture of complex microbial consortia to restore microbiome health. The company recently opened a GMP manufacturing suite and is preparing to recruit patients for a Phase 1 trial.
CisLunar Industries has raised $2.6 million in an oversubscribed seed round led by Colorado ONE Fund, with participation from Stout Street Capital, RIT Venture Fund, Deming Center Venture Fund and strategic angel investors. Founded in 2019, the Loveland, Colorado-based company develops power electronics for space applications through its Electric Power Intelligent Conversion product line. The technology reduces lead times and engineering costs whilst increasing efficiency for spacecraft systems including electric propulsion, directed energy and nuclear power applications. CisLunar Industries' customers include NASA, United States Space Force, three defence contractors and ThinkOrbital. The funding will support continued development and expanded production of its power conversion systems for Earth orbit and beyond.
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Industries
Company Size
1-10
Company Stage
N/A
Total Funding
$50.5M
Headquarters
Rochester, NY
Founded
2003
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs