Princeton Gets New Vice Dean Of Innovation, Handspring And NuEnergy Get Funding; Synchronous Sells Business Units
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Princeton’s New Innovation Dean
- Craig B. Arnold has been named the next vice dean for innovation at Princeton University.
- He succeeds Rodney Priestley, who will become dean of the Graduate School on June 1.
- The role of the vice dean for innovation includes strengthening the university’s capacity to engage with technology investors, industry, entrepreneurs, alumni and other potential partners.
- In 2017, Arnold received a Thomas Edison Patent Award from the Research & Development Council of New Jersey for the creation of an adjustable lens that focuses light in response to sound waves.
- He holds 13 patents, and is the cofounder of two companies based on research conducted at Princeton.
- They are TAG Optics Inc., which as been sold, and Invictis Technologies, which is working to create a safer and less painful automated intravenous injection device.
- Handspring Health, a hybrid in-person and technology-driven company with a mission to make quality mental healthcare accessible to all families and children, officially launched this week.
- Concurrently, the Newark-based startup announced that it had completed a $6.2 million seed round co-led by Newark Venture Partners and NextView Ventures (New York), with participation from 25madison (New York), Arkitekt Ventures (New York), Quantum Angels (Boston), among others.
- The company says it is “virtual-first, but not virtual-only” because many young children need more hands-on care.
- Handspring Health was founded in 2021 by Sahil Choudhry and Kwasi Kyei, who were previously digital health investors,
- Princeton NuEnergy (Bordentown), a Princeton University spinout focusing on direct recycling of lithium-ion batteries from electric vehicles and consumer electronics, revealed that it had successfully closed a seed funding round at $7 million in Q4 2021.
- The round was led by Wistron Corporation (Taiwan), an industry leader in electronics recycling services.
- Other investors includedShell Ventures (London, UK), Greenland Technologies (East Windsor), Cleantech Open (Los Angeles), AIBasis Fund, WorldQuant Ventures (Old Greenwich, Conn.), and investors that had funded the company’s angel round.
- Synchronoss (Bridgewater) announced the successful completion of the sale of its Digital Experience Platform (DXP) and Activation Solutions to iQmetrix (Davidson, NC), a provider of telecom retail management software.
- “The sale of DXP and Activation is part of our strategic plan to create a leaner business model that focuses on our core growth areas for the future,” said Jeff Miller, president and CEO.