Venture Capitalist to donate $31M to Carnegie Mellon University for entrepreneurship initiatives
Carnegie Mellon University is getting a $31 million donation from venture capitalist James R. Swartz and his wife Susan to create a new center for entrepreneurship. The gift, the fifth-largest in the university’s history, will fund the Swartz Center for Entrepreneurship and staffing for the center, a faculty chair, entrepreneurs-in-residence and scholarships and fellowships. CMU […]
Connecticut Innovations’ Regenerative Medicine Research Fund Awards $11 Million for Scientific Research
ROCKY HILL, Conn., June 11, 2015 – BioInnovation Connecticut, managed by Connecticut Innovations (CI), the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, today announced that the Regenerative Medicine Research Fund (RMRF) has awarded $11 million to scientists who are conducting biomedical, embryonic or human adult stem cell research. The fund, […]
Chaac Ventures, Princeton University-focused Seed Fund, Announces Debut Investment in Locent
Chaac Ventures, a seed venture capital (VC) fund focused on Princeton University’s top alumni tech founders, agreed to make it’s first investment, into Locent, a Los Angeles-based SaaS (Software as a Service) company that has developed technology that will allow merchants to expand their capabilities to sell products and services over SMS (text) technology. “We […]
Cisco aims to cash in on startups by growing corporate venture fund
Cisco claims that it invest in the best teams and technologies that improve how people work, live, play, and learn. The networking giant claims that it can accelerate the impact of startup innovations via direct access to Cisco customers, partners, business leaders, and Cisco IT. Cisco Investments, the venture capital unit within Cisco, is looking […]
University of Dayton, Wright State Research Institute, and Dayton hospitals funded a startup company to commercialize technology
The major hospitals in Dayton are banding together to fund a company that will help commercialize health care technology. The 28 hospitals of the Greater Dayton Area Hospital Association are partnering with Cincinnati-based design firm Kaleidoscope Inc. to launch a business that will focus on commercializing health care technology from the hospitals, the Air Force […]
Impact Investing vs. Venture Philanthropy
Impact investing and venture philanthropy might appear the same, but there are several differences. Venture philanthropy has been around much longer, as the phrase was coined by John D. Rockefeller III in 1969. His idea of venture philanthropy was as follows: “An adventurous approach to funding unpopular social causes.” Venture philanthropy peaked in popularity in […]