Matthews startup gets $75,000 from Innovation Fund North Carolina
TVL International, the Matthews company developing the SmartCharge LED bulb that operates even during a power outage, has won a $75,000 loan award from the Innovation Fund North Carolina. Founder and CEO Shailendra Suman says the money will be used pay for getting the latest iteration of the SmartCharge bulb certified by Underwriters Laboratories, as […]
Four local University of Wisconsin tech startups awarded second round of state grants
Four local startups founded by students and University of Wisconsin faculty are getting a second round of state grants to advance their new business models. The four are among nine UW system startups that are sharing $325,000 in grant awarded through the Ideadvance Seed Fund program. That $2 million program is run by the Wisconsin […]
CIT GAP Fund invests in Ostendio to help healthtech companies with HIPAA
The Center for Innovative Technology GAP Fund has invested an undisclosed amount in Ostendio, a DC-based company that developed a software-as-a-service offering aimed at helping health IT companies better achieve and prove HIPAA compliance. CIT GAP Fund, a group of seed and early-stage investment funds, invests in Virginia-based technology, life science, and cleantech startups. Ostendio was founded by former […]
StartX Looks To Boost Its Investment Program
The non-profit business accelerator StartX has expanded its investment staff as it looks to place more bets into graduates of its Stanford-affiliated program. Founded by a Stanford alum, housed minutes from the university’s Palo Alto campus, and operating a venture capital fund backed by Stanford money, StartX can be seen as the off campus accelerator for dozens […]
SBA seeks investment fund managers for Early Stage Capital program
DENVER – The U.S. Small Business Administration is inviting experienced early stage investment fund managers to apply for licensing as part of SBA’s Early Stage Small Business Investment Company (SBIC) program. Licensed Early Stage SBICs may receive SBA-guaranteed debenture leverage up to a maximum of $50 million. “Our Early Stage SBIC program offers fund managers […]
Who benefits from NY $50M Venture Fund?
Empire State Development officials said a $50 million state venture capital fund will stimulate private venture capital among startups that lack funding, primarily in upstate New York. “Upstate [New York] is a priority and historically has been underserved as compared to New York City where there’s so much investment in digital media,” said Steve Cohen, […]
B-Schools’ Venture Capital Investments Pay Off For Entrepreneurs
Neha Jainve is in need of cash. Her start-up venture, Wallet Circle, is poised to generate comfortable returns but a £42,000 capital injection from Sirius, an incubator program, will not be enough to sustain growth. The technology entrepreneur and her co-founders have spent the past two years working on securing seed funding for their fledgling […]
Canadian Federal government announces $16.5M Research Support Fund
A new Government of Canada initiative will provide $16.5 million to further the University of Alberta’s “world-class” innovation and research. Minister of State (Science and Technology) Ed Holder announced on Jan. 19 that the $16.5 million will stem from the Research Support Fund, which will distribute $342 million across Canadian post-secondary institutions over the next […]
Dartmouth Alum Fund Invests In Businesses With College Ties
A group of Dartmouth College alumni “angel investors” has established a venture capital fund to help businesses with connections to the college. “Angel investors” put up money to help entrepreneurs and start-ups to get off the ground and grow. The idea is less about turning a quick profit and more about nurturing a business. The […]
Fund helps startups find foreign investors
Companies trying to move from the research stage to getting a product to market face a number of challenges, including finding financing for the product or service. Western Canadian research parks, including Innovation Place in Saskatoon, are getting a boost at finding foreign direct investment in their research through a $125,000 fund by the Western […]