How Johnson & Johnson is using startup incubators to find new talent
Johnson & Johnson is using a network of incubators in 11 cities to position itself as an innovative brand in pharmaceuticals, medical devices and in the consumer products area. For a company like Johnson & Johnson, finding talent with expertise in technologies like data analytics, blockchain and connected devices is a big concern. As new […]
Nationwide venture fund makes second strategic startup investment in U College London spinout
Nationwide Building Society has participated in a $1.8 million seed funding round for a GDPR-compliant data sharing startup spun out of University College London. Founded just 18-months ago, Hazy’s online platform automatically anonymises datasets shared between business entities, using AI to sniff out personal data buried in files. GDPR legislation means that use of anonymisation […]
Sony Research Award Program Continues in Third Year Promoting Innovation and Technological Development with U.S. and Canadian Universities
Sony today announced the continuation of the Sony Research Award Program, an academic awards program to provide U.S. and Canadian universities funding for emerging and innovative technology research projects in collaboration with Sony’s own research division. “Sony established the Research Award Program in 2016 to foster relationships with academic institutions and to spearhead advanced research […]
Oracle selects 5 startups for Israel accelerator program
Oracle today announced the second cohort of startups for the company’s six-month Oracle Startup Cloud Accelerator program in Tel Aviv. Oracle’s Startup Cloud Accelerator provides enriching, collaborative partnerships to enable next-generation growth and drive cloud-based innovation for startups throughout their journey. Managed by members of Oracle’s R&D team, the Oracle Startup Cloud Accelerator provides mentoring […]
Samsung’s startup arm launches AI-focused fund for early-stage companies
Samsung’s making another big bet on artificial intelligence. The company on Wednesday said its Silicon Valley-based Samsung NEXT business has launched a new fund to invest in early-stage startups “solving AI problems, as well as those using AI to solve computer science problems.” The Q Fund doesn’t have a cap, but it falls under Samsung […]
BP and Cambridge University joint-venture Silicon Microgravity raises $7m
A joint-venture between petrol giant BP and Cambridge University has raised $7m to further its work on novel surveillance and detection technology for the oil and gas industry. Investors IP Group, Parkwalk, BP Ventures and Cambridge Enterprise have put the cash into Silicon Microgravity. The company believes its technology has the potential to disrupt current practices […]
Advance Queensland innovation fund gets AU$73m Budget boos
The Queensland government has handed down its 2018-19 Budget, with jobs and innovation once again a focus for the state. The state’s innovation fund Advance Queensland, launched three years ago during the 2015-16 Budget, will be receiving a further AU$73 million over four years, bringing the total kitty to AU$650 million. Specifically, the new cash injection […]
After hiatus, Sony is back in the corporate venture capital game
Launched in 2016, the Innovation Fund targets early stage companies in robotics, artificial intelligence, virtual reality, video, music, entertainment and other technologies. It has invested in around 25 companies in the U.S., Japan and Europe so far. The average investment is a few million in each company. “We are focused on early stage startups, so […]
Deerfield Management pledges $65 million to Northwestern for drug development
Northwestern announced Thursday it is partnering with Deerfield Management, an investment management company, to launch Lakeside Discovery LLC in order to help develop new drugs. Deerfield, which pledged up to $65 million, will help shepherd potential drugs to the Food and Drug Administration to get them approved for human testing. Alicia Löffler, executive director of […]
AHA, Philips, UPMC launch $30M venture fund for cardiovascular innovation
The American Heart Association, the University of Pittsburgh Medical Center, and healthcare tech company Royal Philips have partnered to finance a new $30 million venture fund, according to a statement. Called Cardeation Capital, the fund will be managed by Aphelion Capital, a healthcare and medical tech VC firm, and focused on promoting innovative technologies targeting […]