UK pledges £220m tech fund for life science and university sectors
The UK government is set to invest £220m in a package of measures for the life science and university sectors to support the use of cutting edge technologies. The support was announced by the chancellor Philip Hammond over the weekend and half of it will be tailored to help translate medical technology breakthroughs into commercial […]
Marc and Lynne Benioff’s $20 million gift to USC supports research and treatment innovations to fight cancer
USC Trustee Marc Benioff ’86 and his wife, Lynne, have given $20 million toward construction of theLawrence J. Ellison Institute for Transformative Medicine of USC, a new center in Los Angeles that will combine interdisciplinary research with the holistic prevention and treatment of cancer. In recognition of the gift, the lobby of the Ellison Institute […]
Madison HealthX Ventures raises first fund
HealthX Ventures, a Madison venture capital firm that invests in digital health care businesses, will announce Sunday that it has raised more than $20 million for a first fund. The fund, which raised the money from about 80 investors, puts money into very early-stage software businesses that solve cost, quality and access issues in the health […]
Amino Capital Completes Final Close of Its $50M Fund II for Artificial Intelligence Early-Stage Startups
Early-stage venture firm Amino Capital Management Company, LLC (“Amino Capital”) today announced the final close of its $50 million second fund, Amino Capital II, L.P.(formerly zPark Capital II, L.P., the “Fund”) and Dr. Huican Zhu’s joining the Fund as a general partner. Amino Capital focuses on artificial intelligence (AI), data-driven ventures. With the addition of […]
Allied Minds and GE Ventures Form Strategic Alliance to Commercialize Leading-Edge Technologies
Allied Minds plc (LSE: ALM) (“Allied Minds”) and GE Ventures (NYSE: GE) (“GE”), today announced the launch of a strategic alliance to jointly identify and commercialize next-generation technologies. Under the terms of the agreement, Allied Minds and GE Ventures agree to invest in new and existing technologies sourced from both Allied Minds’ and GE’s innovation […]
Macomb Innovation Fund, JP Morgan Chase Announces $375,000 in Awards to Six Detroit-area Technology Startups
Six early-stage companies from Oakland and Wayne counties will receive $375,000 in funding from the Innovation Fund Macomb Community College, Powered by JPMorgan Chase & Co. The unique initiative provides mentoring and capital to early-stage businesses, as well as learning opportunities for Macomb Community College’s students The Innovation Fund is a $2.7 million effort […]
LSU faculty members are closing in on bringing their inventions to market with funds from the university’s LIFT2 grant program
A new age cooling system that more efficiently powers refrigerators, a data-driven polling analytics program and tools for attaching soft tissue to bone are rarely mentioned in the same breath—or even thought about much by the average person. But by providing proof-of-concept grants to faculty members for these and many other inventions through its Leverage […]
New Nevada InNEVenture Fund to ramp up commercialization with $100K pilot
A new source of proof-of-concept funding has been established to help University of Nevada, Reno faculty, students, staff and recent graduates determine if their technologies and business ideas have commercialization potential and help them navigate the gap between concept validation and obtaining seed funding for their venture. Applications are being accepted through Tuesday, Oct. 12, […]
Thailand pledges $1m to kick off Asean science development fund
After the first Asean Science & Technology Innovation (STI) Forum, held in Bangkok last week, Science and Technology Minister Pichet Durongkaveroj said the forum had come up with three plans to stimulate education in science and technological development in the region. “As host of the event, Thailand proposed providing $1 million in initial investment capital […]
NSF fosters entrepreneurship, innovation through new awards for I-Corps regional nodes
The National Science Foundation (NSF) has awarded five new grants to teach entrepreneurship and to support research and innovation at regional hubs across the United States under its Innovation Corps (I-Corps™) program. The innovation hubs, known as I-Corps nodes, provide the research infrastructure and training to help researchers transition fundamental science and engineering discoveries to […]