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 […]
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 […]
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 […]
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 […]
Twin Cities to host first summit connecting university tech and startup funds with industry and investors
The Twin Cities will host the first gathering focused on connecting university tech and startup funds with innovative companies and early-stage investors. COvergence, scheduled for July 11th, is aimed at jump starting conversation around active university proof of concept, startup, and venture gap funds and accelerators that will lead to greater collaboration to advance innovation from the lab to the marketplace.
Texas Medical Center’s TMC Venture Fund invests $500K in Two Medical Device Startups
In another landmark event, two medical device startups – CorInnova and Intelligent Implants – were each awarded $250,000 grants at the Texas Medical Center (TMC) on Thursday. These funds were from the $25 million TMC Venture Fund which was raised by the Texas Medical Center to support new startups in the healthcare sector. This announcement […]
Michigan’s Venture Investors adding $100 million fund for med device/health startups
A document which contains plans to raise $100 million in healthcare funds, was recently submitted to the U.S. Securities and Exchange Commission by a venture capital firm in Madison, Wisconsin, – Venture Investors LLC – which also has a strong business presence in Michigan. The name of this fund is Venture Investors Health 6 LP. […]
Advance Queensland innovation fund gets AU$73m Budget boos
The Queensland government has handed down its 2018-19 Budget, with jobs and innovation once again a focus for the state. The state’s innovation fund Advance Queensland, launched three years ago during the 2015-16 Budget, will be receiving a further AU$73 million over four years, bringing the total kitty to AU$650 million. Specifically, the new cash injection […]
University of Michigan’s Desai Accelerator Invests in Six Startups to Kick Off 2018 Summer Cohort
This week, the Desai Accelerator, a joint venture between the University of Michigan’s Ross School of Business and the College of Engineering, welcomed six teams into its Summer 2018 cohort and debuted an expanded intern program to support those startups in their development. The Desai Accelerator, managed by the Ross School’s Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studiesand […]
After hiatus, Sony is back in the corporate venture capital game
Launched in 2016, the Innovation Fund targets early stage companies in robotics, artificial intelligence, virtual reality, video, music, entertainment and other technologies. It has invested in around 25 companies in the U.S., Japan and Europe so far. The average investment is a few million in each company. “We are focused on early stage startups, so […]