UNC to receive $65 million through hedge fund partnership for medical research
An investment management firm has committed $65 million in funding to UNC to accelerate the development and creation of new medicines. The University is partnering with Deerfield Management to form Pinnacle Hill, LLC. Pinnacle Hill will manage funding to approved projects and provide drug development expertise across a wide range of therapeutic areas, according to […]
UK universities awarded £25.5m EU funds for innovative digital projects
The European Innovation Council (EIC) has selected 38 innovative projects to develop new ideas towards radically new future technologies. Nine out of the 38 projects involve UK universities. In total, the projects will receive £110m (€124m) under the future and emerging technologies (FET Open) strand of the EIC pilot, run under the EU’s research and […]
UC San Diego and Invention Science Fund Collaborate to Create New Technology Startups
Invention Science Fund (ISF), the incubator arm of Intellectual Ventures, and San Diego’s Legler Benbough Foundation will contribute $1 million in combined sponsorship funds to the Institute for the Global Entrepreneur (IGE) at the University of California San Diego to help accelerate new startup companies. The collaboration launches today and seeks to accelerate the transition of technology to the marketplace. The […]
Kyoto University venture fund and Chinese peer to grow startups
Kyoto University is combining venture capital with that from a peer in the Chinese city of Guangzhou to help startups from the university do business in China and other Asian markets. This marks the first time that venture capital from a Japanese national university using public money is partnering with overseas capital. The venture between the wholly […]
Bridging the gap between public and private research
Although many paradigm-changing research discoveries are made by academic scientists at the university level, universities are fundamentally not set up to commercialize these discoveries and rely on out-licensing deals to translate their ideas into products. The downside is that they see a very small fraction of the profits generated by commercially successful ventures deriving from […]
New innovation fund creates avenue for translational research at University of Oregon
The timeline for translating some UO research innovations into new products and businesses is about to get shorter thanks to a new seed grant program announced by the Office of the Vice President for Research and Innovation. The VPRI Innovation Fund will provide grants of $25,000 to $75,000 to qualifying UO faculty members to cover the […]
UChicago Opens Its High-Profile NVC Accelerator to Alumni Startups
The University of Chicago wants to give its alumni network a chance to participate in its sought-after startup accelerator program. UChicago’s New Venture Challenge, ranked among the top accelerator programs in the country, is launching an alumni track as part of its annual startup competition. Dubbed the Alumni New Venture Challenge (ANVC), the program will give graduates of […]
Alumni Ventures Group is the most active venture fund you’ve never heard of
Alumni Ventures Group’s (AVG) limited partners aren’t endowment or pension funds. Its typical LP is a heart surgeon in Des Moines, Iowa. The firm has both an unorthodox model of fundraising and dealmaking. Across 25 micro funds, AVG is raising and investing upwards of $200 million per year for and in tech startups. Tucked away in Boston, far […]
U Utah Center for Technology & Venture Commercialization Announces Fall 2018 Seed Fund Recipients
The University of Utah’s Center for Technology & Venture Commercialization has announced the recipients of its second round of seed funding. Awardees include an LED facial-recognition camera for mobile phones, a catheter-mounted microscope that helps diagnose cardiac disease and a high-voltage lithium battery that maintains consistent energy intensity. TVC formed the seed fund in early […]
University of Minnesota students take on startup investing with Atland Ventures – Minneapolis
With no class to take on venture capital investing, some University of Minnesota students decided to start doing deals instead. About two years ago, a group of business students quietly launched what became Atland Ventures, a VC fund with about $150,000 in capital under management. An alumnus who wished to remain anonymous provided the group […]