Facebook Pioneer’s $75 Million Gift to UCSD Is Largest from a Graduate
Facebook pioneer Taner Halicioglu is donating $75 million to his alma mater UC San Diego to jump start a $2 billion fundraising campaign. Halicioglu joined Facebook in 2004 and managed operations through its first million users. He now leads the Seed San Diego venture fund while lecturing at the university. His gift, announced Saturday night at a gala […]
DOD’s $250 million rapid innovation fund
The Pentagon will begin taking submissions for its Rapid Innovation Fund (RIF) at the end of the month, according to a March 17 announcement. The fund is used to quickly test and integrate innovative technologies that solve critical national security needs. Mature prototypes may receive up to $3 million and will have up to two years to complete […]
Upside Biotechnologies raises $2.3 m in funding round
Upside Biotechnologies, a regenerative medicine start-up, said it has successfully raised $2.3 million in its Series A funding round. The Auckland-based company is developing an advanced, world-class skin replacement treatment for patients suffering major burns. The capital raised will be used to complete development of the product, demonstrate proof of concept, ready the product for […]
OKC’s Datebox secures $2.6 million investment round, led by i2E Inc
Datebox Inc., an Oklahoma City startup company that provides couples with creative dating ideas and products, has secured a $2.6 million seed round investment. The investment round included $1.3 million from the i2E-managed Oklahoma Seed Capital Fund, along with $300,000 from the SeedStep Angels group, also managed by i2E. The seed round also included $1 […]
Imperial College innovative projects receive funding thanks to new Excellence Fund
In her March 2016 President’s Address, Professor Alice Gast highlighted the importance of excellence in teaching and research. She dedicated £1 million per year to reward excellence while promoting courageous and innovative ideas in research and teaching. This is part of Imperial’s strategic commitment to invest new funds to pursue new and risky ideas. The Excellence […]
Research Park Corporation incubator, venture fund generate $196 million economic impact
Research Park Corp. and affiliated organizations that include a technology business incubator and venture fund posted a total economic impact of $196 million in 2016, generated 3,100 direct and indirect jobs with a payroll of more than $83 million, officials said Thursday. State and local tax collections from those companies and jobs amounted to $11.2 million, […]
University System of Maryland Launches $25 Million Maryland Momentum Fund to Back Start-Up Companies Formed from Campus Research
To increase new company creation and commercialization of its leading-edge research, the University System of Maryland (USM) is launching a $25 million early-stage investment fund to be known as the Maryland Momentum Fund. The money-raising process for start-up companies typically is an uneven one. Therefore, the Maryland Momentum Fund will concentrate on filling gaps in […]
NJBIZ Exclusive: Hackensack Meridian entering innovation and incubator space with $25M fund
The board of Hackensack Meridian Health has approved a $25 million capital fund so the state’s second-largest health system can dive into the world of innovation and incubators, NJBIZ has learned. Hackensack Meridian officials said the effort is viewed as a new revenue stream as well as a way to elevate the organization onto a […]
Selena Gomez establishes new fund for Lupus Research at University of Southern California
People magazine reports that Selena recently made a donation to the University of Southern California’s Keck School of Medicine to establish the Selena Gomez Fund for Lupus Research. Selena revealed in 2015 that she suffered from the autoimmune disease, and even underwent chemotherapy as part of her treatment. In a statement, the singer says, “I […]
Remita Seed Fund Invests N3m In 3 Nigerian Startups
Remita Seed Fund, a venture capital arm of SystemSpecs, leading financial technology firm and owner of Remita, has given financial support of N3 million to three technology startups. Each of the companies received N1 million to accelerate their venture. The beneficiaries, Temie Giwa-Tubosun of LifeBank Technology and Logistics Ltd; Damilare Oguneye of Lasiko Ltd; and […]