Canadian CTI Life Sciences successfully raises new C$ 134 Million venture capital fund
MONTREAL, Jan. 15, 2015 /PRNewswire/ – CTI Life Sciences announced today the first closing of its second venture capital fund (“CTI II”), with C$134 million of capital now available for investment. The new fund includes reaffirmed support from CTI’s existing Québec institutional investors along with new investors Teralys Capital and BDC Capital via the Government of Canada’s Venture Capital Action Plan (VCAP). Montréal-based […]
A billion in VC funding is real money for Chicago
More venture capital flowed into Chicago startups in 2014 than any year since the dot-com boom 15 years ago, topping $1 billion. But while all that cash makes it easier to launch and grow a company here, funding levels still lagged behind those of other big cities. The year started off anemically, with barely more […]
Innovate NY broadens reach of new fund for startups
The Innovate NY Fund has had a huge effect on the startup community in Buffalo, particularly the $5.1 million allocation that flows through Z80 Labs. Innovate NY totals $45 million — $35 million from the state and $10 million from Goldman Sachs — and is a fund-of-funds model, where smaller portions are administered by individual […]
Infosys beefs up innovation fund to $500 mn
Infosys will expand its ‘Innovation Fund’ five times to $500 million to provide financing to start-ups and new technologies like artificial intelligence. “I am very excited that our board has approved expanding our start-up funding firm from $100 million to $500 million and we will dedicate a part of that investing in India,” Infosys CEO […]
€85m VC fund to support Irish life sciences sector
Enterprise Ireland has invested €15m in a new life sciences venture capital fund that has the potential to create 1,000 Irish jobs. Ireland’s largest life science venture capital fund, Fountain Healthcare Partners yesterday announced the initial closing of an €85m fund — the second such fund it has raised. The Department of Jobs, through Enterprise […]
Washington’s Life Sciences Discovery Fund Announces POC Awards, Inaugural Matching Grants
SEATTLE, Washington, December 15, 2014 – The Life Sciences Discovery Fund (LSDF) today announced $1.2 million in Proof of Concept grants to Washington-based organizations to foster the advancement of promising health-related technologies to commercial products. Also announced were two commercialization-focused awards, totaling $600,000, through a new funding program requiring external cash matching.
Venture Capital Is Looking for Ways to Outrun the Herd
Eric Rosenfeld received a curious email this year explaining that he had been chosen to join a group called Future Founders. “The email came out of the blue,” said Mr. Rosenfeld, who is vice president for engineering in the San Francisco office of Spongecell. “I did some research to make sure it was legitimate.” Mr. […]
Six Northeast Ohio Tech Startups Win $375,000 in Innovation Fund Awards
A wound healing business from Fairlawn, an Akron-based drone designer and manufacturer, and a Cleveland startup using the power of collective intelligence in a chat app are among the six technology companies to receive funding from the Innovation Fund. The awards, totaling $375,000, should help these fledgling companies validate their new technologies and prove their […]
New York State invests $50M in Innovation Venture Capital Fund
Program Purpose The New York State Innovation Venture Capital (NYSIVC) Fund is a seed stage and early stage venture capital fund with up to $50 million to support and attract new high-growth businesses. The NYSIVC Fund will provide critical funding to promote the commercialization of new technologies, incentivize economic growth and encourage job creation across […]
Gillibrand Announces Senate Passage Of DOD Pilot Program To Bring High-Tech Innovation To The Marketplace
U.S. Senator Kirsten Gillibrand announced that Congress passed as part of the National Defense Authorization Act (NDAA) a provision to extend and enhance a Department of Defense (DOD) Proof of Concept Commercialization Pilot Program based on key provisions from her legislation to help accelerate the commercialization of basic research. This provision authorizes military departments across […]