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 […]
London has attracted a tech fund led by Saudi Aramco, BP and other oil majors looking to collaborate and innovate
Oil and Gas Climate Initiative’s (OGCI) Climate Investments fund aims to invest in and accelerate the commercial development of new emissions-reducing technology. It first announced its plan to push £1bn over 10 years into tech innovation in 2016. OGCI is the first tenant signed up at Central Working White City, a first-of-its-kind project with space […]
Wisconsin Economic Development Corporation awards $700,000 in grants to support local efforts to provide seed funding for startups
Three economic development organizations have been awarded a total of $700,000 in matching grants from the Wisconsin Economic Development Corporation (WEDC) to be used to provide seed funding for technology-based startups and early-stage companies. The Milwaukee Development Corporation has received a $500,000 grant under WEDC’s Capital Catalyst Program for the creation of a $1 million […]
University of Arkansas announces $1M innovation grant program
Faculty and students at the University of Arkansas will be able to apply for innovation grants totaling up to $1 million through a new university program funded mostly with television revenue related to the airing of UA sporting events. “The university will invest up to $1 million in this fund annually to support cutting-edge ideas […]
University of Arkansas Chancellor’s New $1 Million Fund Advances Multiple Guiding Priorities
University of Arkansas Chancellor Joe Steinmetz has created a new campus fund as an initiative to support several of the university’s eight guiding priorities, established this past fall. When fully funded the Chancellor’s Discovery, Creativity, Innovation and Collaboration Fund will invest $1 million a year in new projects designed to enhance the university’s research and […]
Academics to the rescue: University innovation and venturing surges ahead in 2016 in UK
With the relentless barrage of bad news surrounding Brexit, it is perhaps not surprising to hear that the amount of equity finance invested in startups in the UK dropped in 2016. A recent report from equity specialists Beauhurst showed that equity finance into startups declined by 12% in 2016 compared to 2015[i]. There is however, […]
Amazon Alexa Fund Extends University Ties in AI Race
Amazon has launched a new program to help students build capabilities into its voice-controlled assistant Alexa, the latest move by a technology firm to nurture ideas and talent in artificial intelligence research. The ecommerce company said it is paying for a year-long doctoral fellowship at four universities for an undisclosed sum. Working with professors, the […]
Stanford StartX VCs Are Looking for the Next Snapchat
As a student at Stanford University, Evan Spiegel often hung around the offices of StartX, the school’s entrepreneurial hub. Spiegel, who was working on a photo-sharing app called Picaboo, would seek advice from people affiliated with the incubator. In return, he volunteered part-time in 2011, helping design some early marketing materials for StartX. Spiegel’s side project eventually became Snapchat, whose […]