Purdue University Foundry invests over $500K to university start ups
More than $500,000 was awarded to 11 Purdue University startups to aide in their advancement, ranging from networking apps to appliances that grow produce. The Elevate Purdue Foundry Fund provides money for Purdue-affiliated startups with pre-seed, seed and early stage investment and co-investment programs. Since the program’s beginning in 2014, the fund has committed to invest $2.5 […]
The Office of Technology Commercialization, Charger Innovation Fund promotes and translates innovations at UAH
Kannan Grant’s door in the UAH Office of Technology Commercialization (OTC) is always open. “We proactively promote and support a culture of learning and innovation at UAH by creating and capitalizing on commercial opportunities that benefit our constituents,” says Grant, who has served as the OTC’s director since late 2007, “and I think we provide a service […]
Midwest Venture Investors To Raise As Much As $100M To Fund Health Startups
Venture Investors plans to raise up to $100 million for a new, healthcare-focused venture capital fund, the Madison, WI-based firm said in a documentrecently filed with federal securities regulators. VI is the oldest and largest venture capital fund in Wisconsin. It created a new business entity, “Venture Investors Health Fund 6 LimitedPartnership,” under whose name the document was filed. The filing lists the same business address and some of the same executiveofficers as previous funds VI has raised for investing in startups. Scott Button, a managing director at VI, declined to say what the organization’stimeline is for raising the new healthcare fund, citing regulatory restrictions. The Wisconsin-based healthcare businesses that VI has backed include CellectarBiosciences, FluGen, and TAI Diagnostics. Two Madison-based startups in VI’s portfolio were acquired by large, publiclytraded companies in the last two years: NeuWave Medical, which was sold toEthicon, a subsidiary of Johnson & Johnson; and Virent, which was acquired byAndeavor. Source: Xconomy: Venture Investors To Raise As Much As $100M To Fund Health Startups
The University of Virginia Licensing & Ventures Group Seed Fund Announces Investment in 510 Kardiac Devices, Inc.
The University of Virginia Licensing & Ventures Group (LVG) Seed Fund announced today its fourth investment – 510 Kardiac Devices, Inc. (510 Kardiac). 510 Kardiac is an early stage medical device company developing novel technologies for cardiovascular surgical procedures. The investment will accelerate the company’s efforts to obtain FDA approval for the Lim Transseptal System […]
Louisiana State University LIFT program starting to see results, awarded additional funding for patents
The LSU Research and Technology Foundation touted the success of its LIFT grant program today before the LSU Board of Supervisors, and won approval for an additional $200,000 to cover fees associated with the “significant increase” in patents filed with the university. The board created the LIFT—Leveraging Innovation for Technology Transfer—program in 2014 to award […]
Wisconsin Badger Fund of Funds launches statewide student entrepreneurship fund
The Badger Fund of Funds has selected another fund manager, who has launched a fund that will invest in college student entrepreneurs statewide. Richelle Martin Richelle Martin this month launched the new Madison-based venture capital fund, The Winnow Fund, with the aim of raising $8 million to $10 million. The Badger Fund has committed $4 million to the […]
Penn State-Monash collaboration progresses, seeks proposals for seed funding
The Monash-Penn State partnership began in the early 1990s and has since evolved to an institutional level. The collaboration now includes strategic work on common areas of research to better leverage the capabilities of both universities. “Penn State and Monash have committed to a strategic partnership focusing on teaching, research and service, using the complementary […]
$15 million gift to expand Blavatnik Fund for innovation in life sciences
Yale University has received a $15 million grant from the Blavatnik Family Foundation, headed by American industrialist and philanthropist Len Blavatnik, to expand the Blavatnik Fund for Innovation at Yale. First established in 2016 with a grant of $10 million, the Blavatnik Fund advances entrepreneurship in the life sciences at Yale and expedites the development, […]
Healthcare investor 7wiresVentures closes $100M for startup fund, forms coalition
As technology increases in the healthcare arena more and more venture firms are turning their attention to digital health. Healthcare focused venture firm 7wireVentures has recently closed on a $100 million fund and formed a coalition with eight major healthcare organizations including several large health systems and insurers. The 7wire Connected Consumer Health Fund has […]
ISA and Tel Aviv University Ventures launch startup accelerator
The Israel Security Authority (ISA) (Shin Bet) and venture capital fund TAU Ventures, founded by Tel Aviv University, have announced the launching of a startup accelerator in Israel. The first class will focus on early-stage entrepreneurs working in artificial intelligence (AI), primarily natural-language processing (NLP) technologies, robotics, and data science. The program, which will be […]