$6M Endowment Fund: U of T planning to establish new medical research fund with
Plans are underway to establish a $6 million endowment fund to support medical research conducted by U of T faculty members. The endowment, slated to be named the Drucker Family Innovation Fund, was proposed by U of T Professor of Medicine Daniel Drucker and is planned as part of the university’s celebration of the 100th […]
$10M gift sparks new program that will develop leaders of innovative ventures
Believing that today’s complex problems require interdisciplinary solutions and innovative, technology-based thinking, Thomas S. Roberts (MBA 1989) and his wife, Kristen, were intrigued by the idea of helping Harvard undergraduates with a passion for technology and entrepreneurship become future leaders of innovative ventures. So, the Roberts are excited to be supporting the Undergraduate Technology Innovation […]
Chevron gifts $450,000 to Fresno State programs
Fresno State officials announced a $450,000 gift from Chevron to benefit innovation programs at the university. The gift benefits key initiatives in several areas across campus to advance science, technology, engineering and mathematics (STEM) programs. “It is very exciting to see how our contribution will be implemented and will make a direct impact not only […]
Alumni to support WVU start-up and entrepreneurship efforts
John Chambers, a West Virginia native and West Virginia University alumni, was announced last week as a major supporter behind WVU’s efforts to promote entrepreneurship and business growth in the state. Along with his knowledge, Chambers will share substantial financial resources with the university, which has renamed their College of Business and Economics in his honor. “I’ve […]
IU Philanthropic Venture Fund commits $500,000 to drug development company
The Indiana University Philanthropic Venture Fund, which provides capital to faculty, students, alumni and staff at all IU campuses to help them further develop their research and innovations into startup companies, has committed to invest $500,000 in Indianapolis-based NERx Biosciences Inc. as part of $2.2 million bridge round. The company discovers and develops targeted therapeutics for cancer treatment. John […]
Alumni gifts to expand entrepreneurship at Loyola
In late July, Loyola received two gifts from alumni totaling more than $1.46 million. The gifts came from Nick Simon ’84, and the Frank family (George Frank ’50 and Tim Frank ’85) with the intention to further expand entrepreneurship at Loyola. Simon has more than 30 years of operating and investment experience in the biopharmaceutical industry, including at Genentech, […]
Celgene Donates $100K to Rutgers’ TechAdvance® Gap Funding Program
Rutgers University’s TechAdvance Fund, a proof-of-concept fund created through the university’s Office of Research and Economic Development (ORED) to advance early stage Rutgers technologies toward commercialization, received $100,000 from Celgene Corporation, marking the first corporate donation since the program’s inception in June 2017. “The TechAdvance program serves as a catalyst to move Rutgers inventions beyond […]
Emerging source of innovation funding?Penn State University launches new donor-advised fund
Penn State has partnered with TIAA Charitable to provide alumni and friends with a leading-edge, donor-advised fund, the Penn State Giving Fund, which they can use to enhance their overall philanthropy while supporting the University. Donors can open a Penn State Giving Fund beginning today. “The University is enthused to partner with TIAA Charitable to […]
Purple Arch Wants to Back More Northwestern Alumni Startups With 2nd Fund
Purple Arch is a venture fund for Northwestern alumni, by Northwestern alumni. And the young VC firm is already raising its next fund to back more entrepreneurs that bleed purple and black. Purple Arch, founded in 2016, closed its first fund last year. The $5 million fund backed 20 Northwestern University-affiliated startups, including Chicago startups like […]
$5 million donation to University of Chicago support startup education and immersion
The fund donated by Khosa will be used to establish the Rattan L. Khosa Student Entrepreneurs Program at the Polsky Center for Entrepreneurship and Innovation at the university. The program will help the students to convert their innovative ideas to successful business models. The initiative consists of four components through which financial aid will be […]