University of Buffalo awarded $10 million grant to drive industry partnerships and innovation
The University at Buffalo received a 10-year, $10 million Center for Advanced Technology (UB CAT) in Big Data and Health Sciences designation from Empire State Development’s Division of Science, Technology & Innovation (NYSTAR). The state granted only one such designation. UB CAT, part of UB’s Office of Business and Entrepreneur Partnerships, provides support to enable […]
Birmingham AI start-up secures £200,000 Centrica backing
Birmingham-based Grid Edge is the brainchild of three researcher friends, Tom Anderson, Dr Jim Scott and Dr Dan Wright, who met while working together at Aston University’s European Bioenergy Research Institute in 2012. Following three years of product development, the trio has created cloud-based energy management software which uses artificial intelligence (AI) to forecast the […]
Venture fund works with corporate sponsors and Georgia Tech University to fund two startups
Engage Ventures, the largest strategic grouping of major corporations and brands in an independent venture fund, has made two investments in the trucking sector. One is in Sudu, an on-demand and scheduled trucking services that utilizes big data, predictive analytics and machine learning to connect companies that ship freight with a network of trucks and diverse […]
Case Western Reserve students and alumni vie for startup money in new Morgenthaler-Pavey competition
Case Western Reserve University students and recent alumni will compete for money for startup businesses in a new annual competition that honors legendary investor David Morgenthaler. JumpStart Inc. and the Morgenthaler family, with CWRU trustee and venture capitalist Bob Pavey, created the Morgenthaler-Pavey Startup Competition. Venture teams, each composed of at least one CWRU student […]
Pelotonia cycling donations being used on ‘high-risk, high-reward’ idea grants at Ohio State University
From “Idea Grants” for scientists to statewide networks studying specific cancers, Pelotonia donations have been used since 2009 to fund research projects that otherwise might have sat on shelves gathering dust.As some 8,000 riders prepare for the ninth annual cycling fundraiser being held in central Ohio this weekend, Ohio State University’s Comprehensive Cancer Center this […]
Innovate UK innovation agency gains cash — and clout
UK scientists fearful for their research funds ahead of Brexit were cheered last November when the government announced it would plough an extra £4.7 billion (US$6.1 billion) into research and development (R&D) by 2020–21. But the biggest winner from the largely industry-focused cash may be a government innovation agency that is rapidly gaining clout. Innovate UK began […]
U Washington Alexa Accelerator names 9 startups for inaugural Amazon and Techstars program
The Alexa Accelerator, a new program that Amazon is running in partnership with Techstars, kicked off its first class on Monday. Nine startups from across the globe will spend the next three months in Seattle at the new Amazon Alexa Accelerator, which will support early-stage companies that are working on B2C and B2B technologies related to […]
Toyota Invests $100 Million in Fund for AI, Robotic Startups
Toyota Motor Corp. wants to smooth the oft-bumpy ride for startup companies and maybe find a few gems to acquire by forming a new venture capital business. Armed with an initial $100 million to invest, Toyota AI Ventures will seek companies that are taking on challenging research also being pursued by Toyota Research Institute, the carmaker’s […]
IoT start-up Drayson Technologies clinches £10m to fund “cutting edge” research at Oxford University
Healthcare tech business Drayson Technologies is celebrating the close of a £10m Series C investment round led by Woodford Investment Management, which will support the business’ “ground-breaking” research deal with Oxford University and its NHS Trust. As part of the funding round, Oxford University and the Oxford University Hospitals NHS Foundation Trust (OUH) will receive […]
Samsung to back European start-ups with $150 million investment fund
Samsung‘s venture capital arm announced Wednesday it is expanding into Europe to invest in the continent’s start-up scene. Samsung NEXT will use a $150 million global fund raised in January to target early stage start-ups in Europe for investment or acquisition, focusing on tech companies working on artificial intelligence, the internet of things, augmented reality […]