Hong Kong launches $256m tech fund for startups
Hong Kong has launched a HK$2 billion (US$256.94 million) innovation and technology venture fund, aimed at investing in and growing Hong Kong-based startup ventures andreflecting a growing ecosystem. The Hong Kong Venture Capital & Private Equity Association (HKVCA) welcomed the announcement by Hong Kong’s chief executive, Leung Chun-Ying, at his 2016 Policy Address. This comes amidst recent growth in Hong Kong’s startup […]
Ann Arbor-based Millendo scores $62M investment
An Ann Arbor-based start-up drug company with roots in the University of Michigan scored a $62 million buy-in from outside investors because of its early work on treatments for several medical conditions, including some affecting women. The so-called Series B investment secured by Millendo Therapeutics follows an earlier round of investment that raised $16 million in 2012, company officials said. The $62-million […]
University of Bristol funding the future: new investment fund to help drive innovation
A whole host of exciting and innovative spinout companies have emerged from the University over the past year alone, successfully turning research into real-life applications. To build on its growing reputation for creating high-tech companies, the University has today [15 January] launched the University of Bristol Enterprise Fund, designed to support spinouts while at the […]
UChicago Healthcare, Agtech Startups Funded Through Innovation Fund
The University of Chicago Innovation Fund announced two healthcare startups and one agriculture IT startup will receive $550,000 total in the most recent round of funding.Navipoint Genomics LLC will receive $175,000, Praedictus Climate Solutions will receive $125,000, and RiMO Therapeutics will receive $250,000, the Fund announced Thursday.These startups were chosen from five that presented to […]
New Mexico Investment Council OKs new startups fund
The State Investment Council drew broad praise on Tuesday for approving a new funding program that could allow up to $40 million or more to flow into startup companies statewide.The council unanimously approved the establishment of a new $20 million “fund of funds” that will provide money to micro funds around the state that invest […]
Ohio State-Ohio University early-stage venture capital Innovation Fund could be coming soon
Innovation doesn’t happen overnight.That much is clear when looking at the delayed start of a joint venture-capital fund by Ohio State University and Ohio University.EnlargeThe Ohio State University seal.DOUG BUCHANANThe schools announced the OSU-OU Innovation Fund in April 2012, with Ohio State committing $20 million and Ohio University promising $15 million.A VC fund in California […]
Partners expands life sciences innovation fund to $100M
Partners HealthCare is expanding its Innovation Fund from $35 million to $100 million, the Massachusetts health system announced today at the J.P. Morgan Healthcare Conference.The fund, which was launched as an experiment in 2007 with funding from Brigham & Women’s Hospital and Massachusetts General Hospital, provides startup capital to early stage life sciences companies. To date, it has […]
African Technology Innovation Agency (TIA) seed funds inspirational
A START-UP is one step closer to getting its innovative software solution that tackles online piracy to market, following R500,000 in seed funding it received from the Technology Innovation Agency (TIA).Custos Tech is one of almost 300 projects the agency, an initiative of the Department of Science and Technology, has assisted with seed funding in […]
Israel Venture Funds on Track to Raise $1.5 Billion for 2015
Israel’s venture capital funds raised $1.02 billion last year for investment in startup companies – a figure that may still grow by $500 million to the highest total in many years, the IVC Research Center and accounting firm KPMG said in a survey released Tuesday. Israeli VC funds raised less than the $1.21 billion they […]
Egypt to launch $100m VC fund
Egypt’s Information Technology Industry Development Agency (ITIDA) is set to launch a US$100 million venture capital (VC) fund in 2016, in a bid to stimulate innovation and entrepreneurship in the country’s ICT sector.Speaking to Disrupt Africa, ITIDA said the agency plans to launch one or more VC funds across the year, in collaboration with the […]