Newark Is Tapped for Tech Venture Fund, Accelerator
An early-stage venture fund, targeted at $50 million, and a new accelerator are coming to Newark to create a substantial technology industry. Newark Venture Partners and its sister entity, Newark Venture Accelerator, expect to start accepting startups in October; the fund’s founder is Don Katz, who also is founder and chief executive of Audible.com, an […]
Top 15 Corporate Venture Funds
The shift from fully integrated pharmaceutical companies (FIPCOs) to virtually integrated pharma companies (VIPCOs) has made biopharmas more reliant on external R&D. Often, that external R&D comes from startups nurtured through the venture funds of biopharma giants. This year’s List offers three significant changes since last year’s ranking of corporate venture funds. One is the […]
JumpStart data shows record $338 million invested into young Northeast Ohio technology companies in 2014
The numbers look good — at first. Last year, investors pumped a record $338 million into young technology companies in Northeast Ohio. That total easily eclipses the previous record: Local startups raised $264 million in 2013. Sounds great, right? JumpStart CEO Ray Leach is happy with the overall total, but he’s not 100% enthused when […]
€1.67bn EU fund for researchers set aside for 2016, open to world
Within the new series of competitions set out by the ERC starting today, the call begins for Starting Grants 2016, which has a budget of €485m and is open to researchers with between two and seven years of experience since completion of PhD and what the ERC are calling a “promising scientific track record”. Other […]
TEDCO reaches ‘dramatic crossroads,’ taking on 5 times more venture responsibility
Maryland Technology Development Corp.’s new board chair, Newt Fowler, is stepping in as the investment agency’s responsibility grows five-fold. TEDCO this year will take over disparate investment programs from Maryland’s Department of Business and Economic Development, most notably the state’s Maryland Venture Fund. All told, the shift will put an additional $100 million under TEDCO’s […]
Indiana University College of Arts and Sciences announces $4.46 million gift, will create funds
The College of Arts and Sciences at Indiana University Bloomington announced today a gift of over $4.46 million from alumnus Lawrence M. Blatt, a pioneering virologist and the founder of Alios BioPharma Inc. Blatt’s gift will provide funding for an array of new and ongoing endowments in the College of Arts and Sciences. Among them, […]
U Texas/Sanofi Partnership Illustrates Biomedical Research Turning More to Private Funds
The pharmaceutical company Sanofi will fund up to $2.4 million a year in biomedical research at the University of Texas System under a deal announced Thursday, the latest in a trend toward more research funding from private industry as government research money dwindles. The university system and multinational company called the agreement a mutually beneficial […]
University of Chicago Innovation Fund Awards $150,000 to Therapeutic Human Exosome Project for Multiple Sclerosis & Migraine; Two Other Projects Also Receive Significant Funding
On July 7, 2015, it was announced that three teams from the University of Chicago and Argonne National Laboratory are one step closer on the journey to commercializing their innovative discoveries and technology. They have each been selected to receive funding from the University of Chicago Innovation Fund. The Innovation Fund awards grants and invests […]
Zells donate $60 million to University of Michigan, support funds
The University of Michigan’s business school is set to receive $60 million from the Zell Family Foundation, which has now donated more than $150 million to the university over the years. The money will go to extend programs at the Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies and create new ones. “This […]
U Illinois Announces Newest Round of POC Recipients, 7 Awards
The Office of Technology Management (OTM) is proud to announce the 2015 awardees of the Illinois Proof-of-Concept Funding Program (I-POC). I-POC funds development projects that will help demonstrate an innovation’s viability to potential investors and partners. 2015 I-POC Award Recipients: This year’s I-POC award recipients were selected from a stellar pool of applicants from colleges […]