Jumpstart Foundry reveals investments in 17 healthcare startups from seed fund including NC State
Five months after shifting its model from an accelerator to a seed stage innovation fund, Jumpstart Foundry has revealed 17 startups it’s selected for its portfolio. Nicotrax, for example, is a startup from North Carolina State University. Led by Kyle Linton, it developed a device and mobile app to track user’s cigarette consumption as they […]
U Texas Decisio Health introduces clinical platform, draws $4.5M in Series B round
Decisio Health, a startup that aims to help acute-care provider organizations continually improve their clinical processes, launched the Decisio Health Clinical Intelligence Platform Tuesday and also announced $4.5M in Series B funding, topping the $2.5M it garnered in its over-subscribed Series A. This most recent round was led by DECLATEX, LLC with participation by the […]
Michigan Accelerator Fund seeks $5 million raise for tack-on fund
The managers of Michigan Accelerator Fund I are seeking to raise up to $5 million from investors to provide further financial backing to portfolio companies. Four of the Grand Rapids-based venture capital fund’s eight existing portfolio companies may need additional capital in the near future, said co-Managing Director Dale Grogan. Capital raised for the new […]
Serra Ventures at U Illinois hopes to raise $50M in new fund, invest in 50 startups
Serra Ventures, a venture capital firm focused on Midwestern companies is on its way to raising $50 million, and it’s eyeing a handful of potential investments. Serra Ventures, at the University of Illinois at Urbana-Champaign’s Research Park, aims to nearly triple the size of its second fund and invest in 40 to 50 startups through its third fund, launched in […]
Connecticut Senate Approves CTNext In Effort To Boost Startup Companies, support UCONN
It could be years before results are visible, but Connecticut made the first significant move Thursday to extend state government’s role in promoting startup firms and early-stage business ventures. The Senate approved a $19.7 billion state budget that includes a provision broadening the work of CTNext, a subsidiary of Connecticticut Innovations, the state’s venture capital […]
Nine University of Toronto researchers receive $800K in Connaught funding
Researchers at the University of Toronto are receiving over $800,000 from the Connaught Fund, a research funding source unique to the U of T. The funding comes from two Connaught programs. The Connaught Innovation Award accelerates the development of promising technologies and promotes knowledge transfer arising from the U of T. The Connaught Summer Institute brings together […]
Venture Capitalist David Schwab on industry focused micro-investing and mining tech from the University of California system
David Schwab, who launched Vertical Venture Partners a couple of years ago after 20 years at Sierra Ventures, says he did that so he could pare down his investment focus. Micro-funds are the place to be, he believes, and it’s better to go deep into relieving specific industry “pain points” than to try to sell […]
Ara Parseghian Medical Research Fund launches at Notre Dame
Building on the partnership that the University of Notre Dame formed with the Ara Parseghian Medical Research Foundation in 2010, the University has now established the Ara Parseghian Medical Research Fund and is moving the administrative functions and granting process of the foundation from Tucson, Arizona, to Notre Dame. Through this partnership, the Parseghian family […]
OSF HealthCare launches $75M fund to invest in health technology
The Peoria-based health system is the parent of Rockford’s OSF Saint Anthony Medical Center. In February, the health system activated OSF Ventures, a $75 million fund that invests in companies intent on developing medical technologies and applications to improve patient outcomes or reduce health care costs. Pulse Therapeutics, the St. Louis company, has developed a […]
Pitt establishes $1 million fund for faculty, student business ventures
On Thursday, Pitt announced it will give $1 million to Pitt faculty and students looking to put the products of their research on the market. The $1 million in gap funding money — called the Chancellor’s Innovation Commercialization Funds — will immediately, and over the next two years support projects with the potential for commercial […]