University of Michigan Vesper Mics Up With $23M From Amazon, American Family, Baidu, Bose
Vesper Technologies, a high-tech microphone startup trying to ride the wave of voice-controlled devices, has summoned a $23 million investment from a group of well-known tech companies, venture capitalists, and an insurance firm. The Series B funding round was led by American Family Ventures, the venture arm of Madison, WI-based American Family Insurance. Other investors in […]
Kraft Heinz Startup Incubator Announces First 5 Companies
To help find the next innovative food and beverage brand, Kraft Heinz has launched a startup incubator to connect with early-stage companies that are looking to disrupt everything from lemonade to beef jerky. And it recently announced the first crop of startups that will participate in its inaugural program. In March, Chicago and Pittsburgh-based Kraft […]
Cisco eyes early-stage startups with new venture fund
Cisco Systems Inc., one of the most prolific corporate acquirers of startups, is starting up a new venture fund that will run independently from the parent company, people familiar with the matter say. The Silicon Valley company, which historically has invested from its cash reserves, plans to be the anchor limited-partner investor in the new […]
AbbVie and Rice University establish K.C. Nicolaou Research Accelerator to advance oncology therapies
AbbVie, a research-based global biopharmaceutical company, and Rice University today announced they have entered into a joint research collaboration to establish the K.C. Nicolaou Research Accelerator. The research at the Accelerator will focus on synthesizing novel cytotoxic agents for use in the fight against cancer. The collaboration will complement AbbVie’s existing expertise in oncology discovery and early […]
AstraZeneca and SKOLKOVO launched Startup Challenge 2018 acceleration program
AstraZeneca, an international biopharmaceutical company, and SKOLKOVO Foundation announced the launch of a joint acceleration program for projects in the area of oncology, cardiovascular, metabolic, kidney, respiratory, and autoimmune diseases. The scientific partners of acceleration program include National Research Nuclear University MEPhI and Siberian State Medical University. The goal of Startup Challenge 2018 is to […]
Mercedes-Benz, University of Alabama partner on startup challenge
Mercedes-Benz is partnering with several entities, including the University of Alabama, to drive innovation within the state’s college and professional startup community. The “MBUSI Innovation Challenge” is running through June 19 across two streams of participants – students and professionals, and existing startups – to offer solutions to issues in advanced manufacturing. The winners can […]
Volvo Launches a VC Fund to Keep Up With the Future
STARTUPS LOOKING TO cash checks had better start learning Swedish and get ready for meetings at the IKEA cafeteria. Today, Volvo announced it has launched its very own in-house venture capital fund. Working with an undisclosed amount of money, Volvo Cars Tech Fund will look to invest in startups it believes could help it keep pace in a […]
Schurz Communications awards funding to four Purdue student startups
Schurz Communications Innovation Challenge, an incubation competition for student entrepreneurs working in online and mobile media technology, awarded funding to four Purdue University startups. The competition provided a total of $10,500 in cash prizes to four startups. The Purdue Foundry in the Burton D. Morgan Center for Entrepreneurship hosted the competition. As first-prize winner, One-Man […]
Comcast Is Now Taking Applications for Its New Startup Accelerator
Comcast announced this week that it’s now officially taking applications for seats in its LIFT Labs accelerator. Techstars will run the program at the new Comcast Technology Center, which was topped off last month. As we reported last year, the 12-week LIFT Labs’ accelerator program is designed to support media, entertainment and connectivity startups. Techstars says that companies focused on IoT/connected […]
Hyundai Motor Builds Global New Venture Capital Investment System
The Hyundai Motor Group will set up an open innovation center in Beijing, China and Berlin, Germany within year. Including those in Korea, Silicon Valley in the United States and Tel Aviv in Israel, a total of five advanced bases will be built to absorb excellent ideas from start-ups. “We will strengthen the efficiency of […]