Into the gap

At least one new VC thinks the time is ripe to address the tech transfer funding gap. Diversified multinational Access Industries Inc. has formed venture arm Access BridgeGap Ventures to fund early stage life science companies on the North Atlantic seaboard.

BridgeGap will invest $75 million over several years; it expects to fund three to five companies per year. Of those, Access Industries will likely invest directly in one or two companies per year...