CIT GAP Funds 2019 Impact Report Showcases $28.8 Million in Capital Deployed to Date
The Center for Innovative Technology (CIT) today released the 2019 CIT GAP Funds Impact Report, detailing both return on investment and socio-economic impact made since the fund’s inception in 2005. A family of funds placing equity investments in Virginia’s high-growth based technology, life science, and cleantech companies at the earliest developmental stages, CIT GAP Funds […]
AI2 Incubator hatches $10M fund for startups with VC support
Seattle’s Allen Institute for Artificial Intelligence is kicking things up more than a notch for AI startups with a $10 million pre-seed fund for its incubator program. The AI2 Incubator’s fund is backed by some of the nation’s top venture capital institutions, such as Seattle’s Madrona Venture Group, Silicon Valley’s Sequoia Capital and Kleiner Perkins, and New York’s Two Sigma Ventures. But wait … there’s […]
Saudi Aramco Energy Ventures Plans New 0M Fund Targeting Renewable Energy
Saudi Aramco’s corporate venture capital arm is preparing to launch a new $500 million fund to invest in energy efficiency and renewable energy solutions as well as new oil and gas technologies. Saudi Aramco Energy Ventures (SAEV), a subsidiary of the kingdom’s state-owned oil producer, has also opened an office in Beijing and plans to scale […]
UPMC Enterprises commits $1 billion to life science investments
A corporate arm of UPMC will invest $1 billion over the next four years to develop new drugs, medical diagnostic and other devices by 2024, cranking a nascent economic engine in the Pittsburgh region while becoming a giant in venture funding for life sciences in Pennsylvania. The commitment announced Tuesday by UPMC Enterprises, the venture […]
ASU Develops a New Generation of Healthcare Innovators
Facebook, Apple, and Microsoft were launched by college-age students. To stimulate a similar dynamic for the healthcare industry, Arizona State University is creating a breeding ground to foment a new generation of innovators. The Tempe, Arizona-based university, which has been ranked the last five years by U.S. News and World Report as the nation’s most innovative university, offers a bachelor’s degree […]
TEDCO’s Maryland Innovation Initiative Infuses $2.63M in New Round of Projects
COLUMBIA, Md., Jan. 8, 2020 /PRNewswire/ — TEDCO, Maryland’s economic engine for technology companies, announced its recent round of funding for select projects through the Maryland Innovation Initiative (MII). This round of funding includes project grants for technology assessment and investments in the spin-out companies, from its five partner universities for a total of $2.63M. Established in 2012, the MII program was created […]
IN IUPUI Center to Create ‘Centralized Focus’ on Innovation
A soon-to-be established center at IUPUI will attempt to foster innovation among students. The university last month received a $50,000 grant from Indianapolis-based Elevate Ventures to create the Center for Student Innovation. Elevate says the center will market various entrepreneurial efforts on campus to students and faculty, and facilitate engagement. Christian Rogers, who will serve as director […]
Seven engineering faculty members receive ROCKET Seed Grant to fund new research
Seven Penn State College of Engineering faculty members were awarded the College of Engineering’s 2020 Research Opportunities for mid-Career Knowledge EnhancemenT (ROCKET) Seed Grant to fund exploration of new or existing research areas. Gordon Warn, associate professor of civil engineering; Jose Ventura, professor of industrial engineering, dean’s fellow and coordinator of the operations research graduate program in […]
UD’s Hen Hatch 2020 startup funding competition has launched
University of Delaware’s annual Hen Hatch startup funding competition is back for 2020, with applications currently open for both tracks: one for current students, and one for alumni, faculty and staff. The 10 most promising startups from each track will be selected to pitch in the semifinals in March, followed by the finals in May, where teams will […]
ASU’s ScaleU, an Edtech Accelerator With a University Behind It
When Dana Stephenson began to court Arizona State University two years ago, he was looking for a higher ed client for his education technology startup. Instead the university wound up as one of his most important investors. What began with faculty interest in Stephenson’s Canadian company, Riipen, which connects students with class projects offered by […]