New York State invests $50M in Innovation Venture Capital Fund
Program Purpose The New York State Innovation Venture Capital (NYSIVC) Fund is a seed stage and early stage venture capital fund with up to $50 million to support and attract new high-growth businesses. The NYSIVC Fund will provide critical funding to promote the commercialization of new technologies, incentivize economic growth and encourage job creation across […]
LSU doubles investment in tech transfer for faculty projects
LSU is adding another $2 million into the LSU Leveraging Innovation for Technology Transfer, or LIFT2 fund, which provides grants to faculty members on a competitive basis twice a year, to validate the market potential of their inventions. The LSU Board of Supervisors approved the measure on Friday. “LSU faculty conduct research that has important […]
Gillibrand Announces Senate Passage Of DOD Pilot Program To Bring High-Tech Innovation To The Marketplace
U.S. Senator Kirsten Gillibrand announced that Congress passed as part of the National Defense Authorization Act (NDAA) a provision to extend and enhance a Department of Defense (DOD) Proof of Concept Commercialization Pilot Program based on key provisions from her legislation to help accelerate the commercialization of basic research. This provision authorizes military departments across […]
Cambridge image fusion tech improves experience of colour-blind viewers
One in 12 of the male population globally (or the 1 in 200 females) suffers from colour blindness. The level of frustration felt by these people stems from their inability or decreased ability to see colour, or perceive colour differences, under normal lighting conditions. One example of the problem caused by colour blindness is the […]
Indiana University’s Anagin is Spinning Up Success
Anagin, a company launched by two Indiana University scientists to develop a first-of-its-kind treatment to battle post-traumatic stress disorder, emerged from six finalists Tuesday to win the third annual BioCrossroads New Venture Competition. The contest, held in conjunction with the 2014 Indiana Life Sciences Summit at the JW Marriott hotel in Indianapolis, awards a $25,000 […]
Michigan universities capitalize on growth of state venture capital industry
When EDF Ventures launched in Ann Arbor in 1987 to invest in university-based technologies, the University of Michigan had one person working part time on technology transfer. And at the time, the only other local venture capitalist in Southeast Michigan was Ian Bund. “We were considered an oddity,” said EDF co-founder Mary Campbell. ” ‘You’re […]
Xfund Closes $100M Fund as Venture Firms and Universities Get Cozier
[Updated, 1:05pm] Big universities are trying to figure out this venture capital thing. Should they form partnerships with specific venture firms? Should they start their own funds and incubators? How best to do that? The latest exhibit is the venture firm Xfund (originally called Experiment Fund), which is affiliated with Harvard University and says it […]
Boris launches London tech start-up fund
The mayor’s office says the fund is expected to help over 150 small businesses over the next three years, creating up to 2,600 new jobs. The £85 million pot will recieve £25 million from the mayor’s office through its ‘Growing Places Fund’, as well as up to £60 million from the private sector. The fund is intended […]
Mercury Bets On Midcontinent With New 105M Seed Fund
Early-stage science startup venture capital firm Mercury Fund will close its Mercury Fund III with $105 million in commitments it says it will use to target some of the biotech markets most promising startups and entrepreneurs in the Southwest, Midwest and Rocky Mountain regions. “We are grateful to our new and existing investors for their […]
Global venture fund plants office in Miami; will invest in universities
In a positive development for Miami’s developing entrepreneurial ecosystem, venture capital investor Peter Kellner said he will plant his fund’s third office in Miami. Richmond Global Ventures, which also has offices in Silicon Valley and New York, is raising an $80 million to $125 million venture fund focused on early-stage companies around the world and […]