Economy Ministry and University of Malta partner up to fund more technology start-ups
The Ministry for The Economy, Investment and Small Business and the Centre for Entrepreneurship and Business Incubation (CEBI) of the University of Malta TAKEOFF, have launched the 2015 TAKEOFF Seed Fund Award (TOSFA) at the TAKEOFF Business Incubator. Through the award, the sum of €100,000 in seed funding will be allocated to groups of innovators […]
Venture Capitalists Enlist Student-Run Funds to Find the Next Facebook – WSJ
On a late Friday afternoon earlier this month, a dozen students crowded around a table in an office overlooking New York City’s Madison Square Park. Their mission: deciding whether to invest a chunk of a $3 million fund into a student-led startup. The 20-something investors were carefully selected from East Coast universities such as Princeton, […]
Ohio Capital Fund notches 8.7 percent return on investment since 2006 founding
Ohio’s $150 million state-backed fund for venture-capital investments is showing stronger returns and has attracted more than $1 billion investment to the state, but still is performing below expectations. The Ohio Capital Fund LLC has generated an 8.7 percent annualized return from 2006 through the end of last year, fund managers on Thursday told the […]
$200 million for Australian Medical Research Commercialisation Fund
Brandon Capital Partners, the manager of the Medical Research Commercialisation Fund (MRCF), has announced the closing of a $200 million life science venture capital fund. It is the third MCRF fund to be raised by the company and will be Australia’s largest ever life science venture fund. Over 50 medical research institutes and research hospitals […]
How discovery science is reinventing the world
“Without discovery research, without innovation, applied research can only go so far,” says MIT Institute Professor Phillip Sharp. “There are strikingly important things we just don’t know exist, but discovering them through basic science changes the whole world.” That’s precisely what happened to Sharp. He came to MIT in 1974 to join the Center for […]
Russia, China partner on $200 million venture fund, tech incubator
The United States isn’t the only place in the world where money is pouring into high-tech innovation. On Tuesday, Russian prime minister Dmitry Medvedev’s Skolkovo Foundation for technical development and the Chinese Cybernaut Investment Group agreed to create a $200 million venture fund, a startup incubator for Russian businesses and a new Chinese robotics center, […]
State allocates $250M for second N.C. Innovation Fund – Triangle Business Journal
On Wednesday, State Treasurer Janet Cowell announced a new $250 million North Carolina Innovation Fund. Two-thirds of the sum will be earmarked for co-investments in diverse industries, including growth sectors in the state. The remaining third will have a multi-stage focus, according to Cowell’s office: venture, growth, buyout and mezzanine. The announcement, made alongside former […]
University of Oregon spinoff companies receive state innovation grants
Two companies spun out of research conducted at the University of Oregon are among five Oregon startups that will share $300,000 in state innovation grants for small businesses. The companies — SupraSensor Technologies and NemaMetrix — will receive a combined total of more than $110,000 from Business Oregon, the state’s economic development office, to help […]
IDEA Reaches Gap Funding Milestone: 6 Ventures Receive Non-Equity Grants
Northeastern University’s Venture Accelerator IDEA recently reached a monumental milestone in their mission to coach, fund, and launch ventures: in February, IDEA completed its largest round of Gap Funding that provided six ventures with $10,000 to overcome a specific gap in each of their businesses. The bi-monthly Gap Fund IDEA provides ventures the opportunity to […]
Here’s which states are most innovative in America – The Washington Post
What makes a state a champion of innovation? Is it the size of its tech workforce, the speed of its broadband connectivity, its willingness to protect and foster new business models? What is the essential mix of state-level policies and practices that make a state a leader in developing new businesses and fostering a more […]