Houston Methodist Receives $21M Commitment to start three new funding programs
Houston Methodist recently received a $21 million commitment – the largest nonestate pledge in its almost 100-year history – to speed up the development of new treatments and therapies for patients suffering from injury and illness. The Houston Methodist Research Institute will use this gift from the Jerold B. Katz Foundation to support translational research, […]
Company founded by two Marquette University researchers raises $26 million in funding
Promentis Pharmaceuticals, a Milwaukee company co-founded by Drs. John Mantsch and David Baker, researchers from the Marquette University College of Health Sciences, raised $26 million, including $17.2 million in its third funding round. OrbiMed, F-Prime Capital Partners (formerly Fidelity Biosciences) and Aisling Capital were the lead investors. This is exceptional syndicate of investors, particularly for […]
U of Wyoming Recipient of ExxonMobil Innovation Fund Grant for Student-Led Research Projects
The University of Wyoming is among seven schools — three from the United States, two from Brazil, and one each in Colombia and Mexico — to receive grant money for collaborative research projects, and to increase bilateral mobility of U.S., Latin American and Caribbean students through study abroad program development. UW is one of the […]
A $150 million fund, The Engine, will back startups others find ‘too hard’ | TechCrunch
A fund and accelerator for advanced technology startups, The Engine, closed its debut fund at a robust $150 million this week, according to its president, CEO and managing partner, Katie Rae. Last year, TechCrunch reported that MIT was investing $25 million into The Engine, becoming the anchor LP for the fund. While The Engine is […]
Ideadvance Seed Fund now open to some U Wisconsin System alumni
The Ideadvance Seed Fund, previously limited to students, faculty and staff of the university system, has now been extended to include UW System alumni – except those who attended University of Wisconsin-Madison. The seed fund is seeking applications through April 28 from alumni who have a business idea related to advancing the “knowledge economy” in […]
Offaly researchers eligible for €2.5 million Irish frontier research fund
A new programme outlined by the Irish Research Council will make €2.5 million available for frontier research and researchers in Offaly are being encouraged to apply. The Laureate Awards programme was officially launched by the Minister for Education and Skills, Richard Bruton TD, and the Minister for Training, Skills and Innovation, John Halligan TD on […]
Samsung to fund 40 tech projects in H1
Samsung Electronics has selected 40 research projects that will be funded in the first half of this year. The initiative is in line with Samsung strategy to secure key technologies, Yonhap new agency reports. Since 2013, Samsung has operated a program which funds research in three fields, including basic science, material technology, and information communications […]
MIT venture fund raises $150 million for technology startups
Massachusetts Institute of Technology’s new investment fund raised more than $150 million to support startup companies developing scientific and technological innovations. MIT said Thursday that it contributed $25 million to the Engine Accelerator Fund I, which the Cambridge, Massachusetts-based university controls. The rest of the money was raised from a small group of unidentified investors […]
Davidson Alumna Receives $50,000 for Start-Up during Venture Fund Pitch Day Competition
On February 24, 2017 in the Alvarez Student Union, five finalists competed for the opportunity of a lifetime: $50,000 awarded to fund one winner’s start-up company. Venture Fund Pitch Day, hosted by Davidson Innovation and Entrepreneurship (I&E), is an opportunity to learn, experience, and gain public exposure for one’s idea. Venture Fund is a “program […]
Start-up funding fest to be held in Bengaluru, India
Natio Cultus Consultancy will conduct a start-up funding event, India Fund Fest, in Bengaluru on May 12. As many as 50 start-ups will get an opportunity to pitch before investors in the maiden edition of the festival. The firm is also planning to take the festival to Hyderabad and Lucknow. The second edition will be […]