Mayfield raises $525 million for two new funds for early stage startups
The majority of that capital ($400 million) makes up Mayfield XV, the fund focused on early-stage companies, while the rest ($125 million) will go to Mayfield Select for later-stage investing. Mayfield says that Mayfield Select is a first for the firm, which has traditionally focused on investing in younger startups. Even so, those late-stage dollars […]
University of Indiana’s PrecisionHawk Announces DuPont as Newest Investor
DuPont joins an investor group that includes Intel Capital, Verizon Ventures, Yamaha Motor, USAA, NTT Docomo, Millennium Technology Value Partners and the Innovate Indiana Fund PrecisionHawk – a leading provider of aerial data and safety platforms for drones – announced today that DuPont has joined its previously announced round of series C funding. As a […]
Dean for Research Innovation Funds enable bold and creative new projects
Eight new research projects, from novel ways to control mosquitoes to a telescope for studying the Big Bang, have been awarded funding through the Dean for Research Innovation Funds at Princeton University. These competitive awards aim to encourage bold explorations in the natural sciences, humanities, industrial research collaborations and the campus as a laboratory. “Through the Innovation Funds, the University encourages investigation […]
New £180m fund to accelerate innovation across the Midlands Engine
The ERA is the first project to be delivered by the ‘Midlands Innovation’ initiative and will help unlock £120m of private sector investment. It will tackle some of the biggest energy challenges facing the UK such as making the best use of available resources and how to produce affordable energy. Commercial secretary to the Treasury, […]
University of Michigan’s Social Venture Fund Invests in Conversa Health
The Social Venture Fund, in collaboration with the Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan’s Stephen M. Ross School of Business, today announced that it has participated in the Series Seed B convertible note round for Conversa Health, a rapidly growing San Rafael Calif.-based patient engagement company. […]
Weills donate $185M to UCSF for neuroscience research, innovation fund
Former Citigroup Chairman Sandy Weill, his wife Joan, and The Weill Family Foundation are donating $185 million to the University of California, San Francisco (UCSF) to establish the UCSF Weill Institute for Neurosciences. Advances in medical research have largely focused on cancer and cardiovascular diseases, whereas studies on the brain have only recently begun to […]
New $3M University of Michigan fund launched to accelerate engineering, medical translational research products
The University of Michigan has launched the Monroe-Brown Seed Fund, a new funding vehicle designed to advance the process of transitioning commercially viable engineering and medical research projects to market. The fund, approved today by the U-M Board of Regents, is a collaboration between the U-M College of Engineering’s Center for Entrepreneurship and the U-M […]
Akron’s capital idea: More seed money now will grow more jobs later
Akron hopes to lure another group of biomedical and technology-related companies to the city with $1.75 million in new private equity funds. Akron BioInvestments Fund I, established in 2012, helped build 13 businesses and products that concentrate on everything from surgical glue and image-guided surgery to online therapy for children with special needs and DNA […]
HSBC launches £10bn fund to support UK SMEs
It is the largest package of support to be announced by HSBC for UK SMEs and has been structured regionally, so that small firms in England, Wales, Scotland and Northern Ireland can access funds. HSBC said the fund is designed to meet strong demand from UK SMEs and follows the success of the £8bn fund […]
Jamaica Technology Innovation Fund to be created
Minister of Energy, Science and Technology Dr Andrew Wheatley says the Government is moving to make Jamaica the Caribbean’s leading producer of technology, through the creation of a Technology Innovation Fund. He explained that the Fund will provide for the sustainable financing of technology-based and start-up projects. Dr Wheatley was speaking at the opening of […]