Osage collects $151m for University Fund II
Osage University Partners II has received $151m in commitments from 145 LPs according to a filing with the US Securities and Exchange Commission. The funds predecessor was a $100m vehicle which closed in 2011. Fund II will focus on start-ups that are commercialising university research. The vehicle will invest in cleantech, energy, IT, biopharma, healthcare […]
QED commercialization program to create life science spinout companies gets $1M grant
A few years after it launched a QED Proof of Concept funding program, the University City Science Center has unveiled a new fund for a commercialization program. It’s fueled by a $1 million grant from the U.S. Economic Development Administration, according to a statement from the Science Center. Stephen Tang, the CEO of the Science […]
SpeedInvest launches €50m second fund
The fund has been launched in partnership with start-up platform Pioneers and business angel Johann Hansmann. SpeedInvest CEO Oliver Holle hinted the fund would be holding its first close by the end of 2014. The fund, which aims to bridge the gap between a start-up incubator and a seed investor, will have a typical lifespan […]
Merck’s venture arm invests in data security for academia, gov’t & biotech collaboration
Identity management software company Exostar has received a $5 million investment from Merck’s venture arm to expand its healthcare and life sciences business. This centers on secure data collaboration, because big pharma – as pretty much every healthcare-related operation -needs to operate more lithely in the new world of big data. Data security’s become hugely paramount in the health […]
Ohio Third Frontier awards more than $8.4 million to University of Akron, Cleveland Clinic and other Northeast Ohio innovators, universities
The Ohio Third Frontier Commission on Wednesday approved $12.5 million to support startups, commercialize technologies, and help companies develop innovative products. Two-thirds of the money, or more than $8.4 million, was awarded to The University of Akron, the Cleveland Clinic and four other Northeast Ohio businesses and research entities. Other recipients statewide were: Cincinnati Children’s Hospital, The […]
Partnerships with ASU bring startup acceleration program to New York | ASU News
Thanks to new partnerships between Arizona State University’s Furnace Technology Transfer Accelerator and community development partners in New York, entrepreneurs in upstate New York will have the opportunity to commercialize technologies developed by the Air Force Research Lab – Information Directorate based in Rome, New York. “Arizona State University is proud to bring this startup […]
More companies are starting venture divisions
San Francisco startup GoodData raised nearly $26 million in a funding round Thursday, but the lead investor wasn’t a traditional venture capital firm. It was Intel Capital, the global investment organization for the Santa Clara chipmaker. More companies are following Intel’s example by setting up divisions that specialize in funding promising startups. There are more than […]
GSK commits $5M to startups, academics that develop bioelectronics
GlaxoSmithKline has just launched a $5 million Innovation Challenge Fund to advance open-access technology in the bioelectronics space. The funding’s aimed toward biz-savvy academics and startups that are working to create a new class of treatments that aren’t necessarily pills or injections, but rather are mini implantable devices. GSK says:”The hope is that these devices could be programmed […]
University of California Incubators Eager to Scout Startups, Co-Investors for UC Ventures
Fledgling companies at the 20 or so incubators clustered around UC Berkeley, UCSF, and other University of California campuses are well-placed to benefit from the new $250 million venture fund the university system plans to set up next year. But leaders at the incubators say they also plan to be on the giving side, helping […]
American University to unveil new start-up incubator, including $100K Venture Fund
American University’s Kogod School of Business on Friday plans to show off its new on-campus start-up incubator, the latest in a string of co-working spaces to pop up in and around the nation’s capital. The incubator, one of the key components of the school’s recently announced Sustainable Entrepreneurship and Innovation Initiative, aims to provide current […]