New Bascom Ventures capital fund is premised on University of Wisconsin alumni pride
The secret ingredient to building a robust investment fund for startups might just be Badger pride. That’s the idea behind a new venture capital fund called Bascom Ventures, anyway. The 10-week-old endeavor is fundraising from University of Wisconsin alumni to create a pool of millions of dollars to go toward startups with UW alumni at […]
Oculus VR co-founder Brendan Iribe donates $50,000 to UMD’s Startup Shell
When junior computer science major Sam Drozdov approached Brendan Iribe — co-founder of virtual reality company Oculus VR — during the on-campus coding marathon Bitcamp in April, he wanted to build a relationship between the entrepreneur and the student-run organization Startup Shell. Drozdov didn’t expect Iribe to donate $50,000 to the group later that month. […]
Houston Methodist Receives $21M Commitment to start three new funding programs
Houston Methodist recently received a $21 million commitment – the largest nonestate pledge in its almost 100-year history – to speed up the development of new treatments and therapies for patients suffering from injury and illness. The Houston Methodist Research Institute will use this gift from the Jerold B. Katz Foundation to support translational research, […]
SEP Venture Capital donates to University of Strathclyde Entrepreneurs Fund
Venture capital firm Scottish Equity Partners has made a “significant” donation to a fund which invests in business ventures by members of the University of Strathclyde’s community. SEP has made the gift to the Strathclyde Entrepreneurs Fund, which provides early stage investment in companies and ventures run by the University’s staff, students and alumni. [wpipa id=”14035″] The fund has supported […]
3 eminent alumni fund innovation centre at IIT-Madras
IIT, Madras on Wednesday unveiled its centre for innovation and entrepreneurship which will pave the way for more teaching, research, product development and policy-making initiatives.Named the `Gopalakrishnan-Deshpande Centre’ (GDC) after three of its wellknown alumni, it has an initial funding of $1 million from Infosys vice-chairman Kris Gopalakrishnan and venture capitalists Desh Deshpande and Jaishree […]
UCSF Receives $500 Million For Faculty And Research Improvement from Foundation
University of California – San Francisco has received a $500 million donation from the late Helen Diller through her foundation. This is one of the largest donations made to the university as well as in the history of other academic institutions. In its official website, the University of California San Francisco confirmed that the Helen […]
Psst, Rowan has a $5M venture fund
The venture fund is an outgrowth of the late Rowan’s transformative gift of $100 million in 1992 to what then was Glassboro State College. The money has remade Rowan (renamed for its benefactor) which operates two medical schools, and has attracted high-caliber faculty to its engineering program. Bridging off of its good fortune, Rowan president […]
University of Chicago Investing $25M From Endowment Into Its Own Startup Companies
The University of Chicago is pulling $25 million from its endowment to back business ideas from faculty, students and alumni. The university on Friday announced it will tap into its $7.1 million endowment to provide funding for startup companies founded or that include people from the university or ideas developed on the Hyde Park campus. […]
Two entrepreneur alumni donate $1 million each to UBC seed fund
Greg Peet, a technology entrepreneur who attended UBC’s Sauder School of Business, and Glenn Walsh, who founded the mining construction company Tercon Group and is an alumnus of the faculty of applied science, donated the money to a seed fund run by entrepreneurship@UBC. The fund, known as e@UBC, “provides startup programs, industry mentorship, office and […]
Launch of Alberta Transplant Innovation Fund to Accelerate Transplant Research and Innovation
The University Hospital Foundation, Alberta Economic Development and Trade and Astellas Pharma Canada, Inc. (Astellas) today announced a new research and innovation partnership that will have a direct and tangible impact on some of the most vulnerable Albertans – those waiting for organ transplantation. The three organizations have partnered to establish the $1.2 million dollars […]