Chicago Impact Engine Launches $10M Fund, Betting Capitalists Can Do Well While Doing Good
Some dismiss social impact entrepreneurship as a feel-good diversion. But a group of successful investors in Chicago are throwing $10 million on the table to prove that capitalists can do well while doing good. Impact Engine today announced a $10 million early-stage impact investment fund for companies dedicated to making money and solving one social […]
University of Albany Presidential Innovation Fund for Research and Scholarship
In support of this aim, the University announced the creation of the Presidential Innovation Fund for Research and Scholarship (PIFRS) program last year to stimulate new cutting-edge, interdisciplinary research. Now in its second year, this $500,000 competitive, peer reviewed, seed funding program will once again fund multi-investigator led projects in targeted research areas including liberal […]
Sacramento devotes $10 million to high-tech firms, but plan faces risks
When the City Council approved a $10 million fund for high-tech investments last month, Sacramento joined a handful of municipalities across the country hoping to buy their way into the economy of the future with public money. Philadelphia, Portland, Ore., – and now Sacramento – don’t expect to turn themselves into the next Silicon Valley. […]
Alaska Launches Tech Accelerator Fund
“Diversify the economy” is Alaska’s rallying cry as oil production and prices sink. First of its kind Alaska tech accelerator Launch: Alaska wants to put the idea into action with the hot-ticket item of booming Lower 48 metro areas. The program combines Anchorage municipal goals to draw more diverse businesses into the city with private […]
$ 2B University of Virginia Funding to Propel Strategic Investments in Academic, Research and Health Care Excellence
The University of Virginia today announced the history of the strategic fund that will provide transformational investments in the quality of a UVA education, of its research and of its health care services without relying on tuition or tax dollars. Authorized by the Board of Visitors in February, the Strategic Investment Fund, currently valued at […]
NSF Awards $225,000 to U of Arkansas-Affiliated Technology Company
The National Science Foundation has awarded $225,000 to start-up company SurfTec LLC to commercialize its patent-pending technology invented at the University of Arkansas. SurfTec, a U of A-affiliated company at the Arkansas Research and Technology Park, will use the grant to investigate the feasibility of a novel approach that significantly improves wear resistance of polytetrafluoroethylene […]
Chinese Tsinghua to Start R&D Fund, 1,000 Incubators in Innovation Push
Tsinghua Holdings will invest no less than 50 billion yuan ($7.6 billion) in research over five years and set up a fund to help commercialize scientific discoveries, Chairman Xu Jinghong said in an interview. The company, a state-owned enterprise that was founded in 2003 by Chinese president Xi Jinping’s alma mater, Tsinghua University, kicked off two […]
Purdue Develops New Strategy for Drug Discovery
Research scientists often confront the “valley of death”—the gaping hole that exists between laboratory discoveries and their transformation into new medical treatments and products. And the most lethal factor for most researchers is money. However, Purdue University is blazing an unusual trail to help make ends meet in translational research. Rather than rely on traditional […]
Start Singapore: Fund to provide seed money
A fintech fund called Dymon Asia Ventures has been set up to invest in areas such as asset management, remittances and foreign exchange.The fund will provide seed finance and growth capital for business expansion. Dymon did not disclose its fund size or the potential investment in each start-up. The norm for investment community is to […]
Maryland State university system plans to create $25 million investment fund for start-ups
The University System of Maryland plans to establish a $25 million fund to invest in startup companies created by students, faculty and recent graduates. The system, which includes 12 of the state’s public institutions, would invest $10 million in the Early Stage Investment Fund over four years. Another $15 million would come from the state, […]