BP and Cambridge University joint-venture Silicon Microgravity raises $7m

A joint-venture between petrol giant BP and Cambridge University has raised $7m to further its work on novel surveillance and detection technology for the oil and gas industry. Investors IP Group, Parkwalk, BP Ventures and Cambridge Enterprise have put the cash into Silicon Microgravity. The company believes its technology has the potential to disrupt current practices […]

Startup Licenses U Arizona-Invented Disruptive Biopsy Device 

The University of Arizona has licensed the design for a next-generation needle biopsy instrument that utilizes electrosurgery and electrocautery to safely increase tissue sample volumes in minimally invasive biopsy procedures. The licensee is a startup company, Data Driven Diagnostics Sciences Inc., also known as D3Sciences, or D3S. The inventing team includes Dr. Michael Larson, resident physician […]

Samsung’s startup arm launches AI-focused fund for early-stage companies 

Samsung’s making another big bet on artificial intelligence. The company on Wednesday said its Silicon Valley-based Samsung NEXT business has launched a new fund to invest in early-stage startups “solving AI problems, as well as those using AI to solve computer science problems.” The Q Fund doesn’t have a cap, but it falls under Samsung […]

Rock River Capital Nabs Another $15M to Invest in Midwest Startups

A young Wisconsin venture capital firm says it has raised more than $15 million for a fund created under a program partially supported by the state of Wisconsin and aimed at increasing the amount of funding available to Badger State startups. Rock River Capital Partners said in a document filed with the SEC on Friday that the amount […]

University of Toronto accelerator affiliate shoots for the starry-eyed entrepreneurs

For a Toronto-based innovation accelerator, the final frontier is the next frontier. The Creative Destruction Lab, an accelerator affiliated with the University of Toronto, is now calling for applications specifically from starry-eyed entrepreneurs with space-focused startup ideas. And the new stream already has some star power behind it ― they’ve enlisted Canadian astronaut Chris Hadfield […]

Funding healthcare accelerators, an HHS unit is taking a VC approach to innovation

The DRIVe (Division of Research, Innovation, and Ventures) website looks like it belongs to a VC company rather than a federal agency – smart graphics and succinct descriptions. That’s not an accident. DRIVe is taking a venture approach to solving some intractable health issues. Part of BARDA (the Biomedical Advanced Research and Development Authority), and ultimately the Department of […]