First half of year start-up funding in Middle East surges
The number of start-up funding deals in the UAE surged in the first half of the year following Amazon’s high-profile acquisition of local online retailer Souq.com and a US$150 million investment in the ride-hailing service Careem. The rise in the number of investments also comes amid intensifying efforts by governments in the region to help small […]
UK fund’s A$200M investment commitment validates Powerhouse university investment model
London Stock Exchange-listed IP Group’s decision to invest A$200 million over 10 years in commercialising scientific innovations from universities Down Under validates the business model of ASX-listed tech incubator Powerhouse Ventures, says its new chairman Russell Yardley. Powerhouse has a portfolio of 19 companies developing intellectual property spun out of New Zealand research institutions with […]
$500K Venture Capital Gift backs efforts to commercialize research projects at Cornell University
The bridge taking Cornell’s budding inventors and entrepreneurs from the lab to the boardroom just got a whole lot sturdier, thanks to a gift from venture capital firm Kairos Ventures. The Los Angeles-based firm, which invests in and supports early stage technologies and discoveries from top universities, has made a commitment of $500,000 to the […]