Graftworx gets $500K from Maryland Venture Fund
Bel Air-based medical device company Graftworx received $500,000 from the Maryland Venture Fund, the state announced. With the new funding, the company announced the hiring of Lilip Lau, who invented a coronary stent while at Guidant. Graftworx is developing a stent to treat peripheral artery disease (PAD). The money will also be used to complete […]
Is state VC funding becoming the name of the game in emerging economies?
The Indian government this week launched a much awaited venture capital (VC) fund. Dubbed the India Aspiration Fund, the 20 billion rupee fund (US$306-million) will operate as a fund-of-funds administered by the Small Industries Development Bank of India (Sidbi). Life Insurance, India’s biggest insurance company, will be a co-investor in the fund, which will then […]
University of Memphis Crews Center for Entrepreneurship Launches Seed Fund
The University of Memphis Crews Center for Entrepreneurship has taken what stakeholders said is a natural next step as part of acting as the university’s hub for commercializing ideas into successful startups. The now four-year-old center has launched the Crews Center Catalyst (C3) Seed Fund, a source of funding meant to incentivize students and faculty […]
FireSpring, Orlando local seed fund, gets $100K boost from Orange County – Orlando Business Journal
The Orlando startup community’s plan to create an evergreen seed fund to help early-stage entrepreneurs receive funding they need to grow their business just got a boost from the Orange County. The Orange County Commission unanimously agreed to give the FireSpring seed fund $100,000 on Aug. 25. The fund is another step toward the seed […]
Syracuse Launches $150K Internal Research Grant Program to Support Scholarly Exploration
The University’s Office of Research has launched a new internal grant program to help support faculty research opportunities and advance collaborative scholarship. The program, announced Monday by Vice President for Research Gina Lee-Glauser, provides a total of $150,000 in funding for faculty to develop essential relationships; obtain foundational results to expand or sustain their research, […]
Washington State University lends helping hand through “valley of death” – Economic Development Site Economic Development Site
For the second year, WSU is supporting researchers in moving innovations from the lab to the marketplace through the Commercialization Gap Fund (CGF). The CGF program provides financial assistance to advance technologies that are at the end stage of research, but require additional development before entering the marketplace. Gap funding is an important part of […]
Carnegie Mellon University, GE Ventures team up to create $20M venture fund
Officials hope a new accelerator program and a $20 million venture fund started by Carnegie Mellon University and GE Ventures will draw the nation’s best advanced robotics firms to Pittsburgh and convince those already there to stay put. Carnegie Mellon’s National Robotics Engineering Center and GE Ventures, General Electric’s investment arm, have teamed up to […]
Philanthropy to Help Shape Australian Medical Research Fund
Federal Parliament has passed legislation to establish the Abbott Government’s landmark Medical Research Future Fund with an amendment that requires a newly formed Advisory Board to have expertise in philanthropy. Federal Treasurer, Joe Hockey said the establishment of the fund would significantly strengthen Australia’s standing as one of the global leaders in the field of […]
Tax efficient fund launched for start-up university spin-outs
Technology investor Mercia Fund Management has launched its sixth tax-efficient fund which is focused on commercialising start-up spin-outs from universities across the Midlands, the North and Scotland. The University Growth Fund will combine the government’s Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS). It intends to encourage entrepreneurship across the UK’s universities to give […]
A new Oregon-based seed fund to help startups is in the works
The Oregon Regional Accelerator and Innovation Network (RAIN) is partnering with Portland entrepreneur and investor Nitin Rai on a new regional seed fund in an effort to close the funding gap for startups around the state. Rai will oversee what will be a regional early-stage fund. While the fund will likely be larger, between $2 […]