Osage Venture Partners closes third fund at $66M
Osage Venture Partners is pleased to announce the final closing of Osage Venture Partners III, exceeding its target fund size by 10 percent to reach $66 million. Osage Venture Partners III continues the strategy executed in Osage Venture Partners II, investing exclusively in early-stage enterprise software companies in the Mid-Atlantic region. Osage Venture Partners III […]
New York Times article covers new venture investment in SBA program for start-ups
While many small businesses are waiting for the federal government to write rules for so-called equity crowdfunding, the Obama administration is moving forward with another effort to funnel investment capital to start-ups. Last week, the Small Business Administration announced that it had granted a venture capital fund from North Carolina the first license to participate in a new […]
Foundation Venture Capital Group invests in University of Medicine and Dentistry of New Jersey start-ups
NEW BRUNSWICK, N.J., Jan. 25, 2013 /PRNewswire-USNewswire/ — Parkinson’s disease affects one million people in the United States and seven million worldwide. While L-Dopa is effective in treating the disease symptoms, the vast majority of patients taking it chronically eventually develop L-Dopa Induced Dyskinesia (LID), abnormal involuntary movements that can be disabling. A new company, MentiNova, Inc., is exploring […]
University of Edinburgh to invest in a VC fund to support life science start-ups
The University of Edinburgh is to invest in a venture capital fund focusing on early stage life sciences companies. The new fund, which will be managed by US-based Rock Spring Ventures, will engage closely with the University’s company formation teams at Edinburgh Research and Innovation and Edinburgh BioQuarter. Spin-out and start-up companies from the University’s research labs will make up […]
Michigan’s Pre-seed Capital Fund invests $1M in four companies
Four Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling $1 million. To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones to support start-ups’ product commercialization, has awarded 83 Michigan companies with seed funding totaling more than $19 million.
Maryland TEDCO restructures to funnel more money into state start-ups
One of Maryland’s most active early-stage investors, the Technology Development Corp. , or TEDCO, has restructured some of its existing programs and added others in hope of funneling more money to the state’s upstarts. Created by the Maryland General Assembly in 1998, TEDCO has almost exclusively invested state money to date. That will change under its new programs, which […]
City Science Center QED POC program to fund four projects
Two digital health projects and two life science projects will receive a total of $600,000 from the University City Science Center’s QED Program, the Science Center announced December 19, 2012. Since its launch in 2009, the regionally competitive proof-of-concept program supporting technology commercialization has awarded $3 million to 16 projects in Pennsylvania, New Jersey and […]
NY State Research and Development Authority provides $15M in seed money to incubator projects
Inventors and scientists are getting $15 million worth of help from the State of New York to turn their high-tech, clean-energy ideas into successful businesses. The New York State Energy Research and Development Authority, NYSERDA, will invest $5 million in seed money at each of three new Proof-of-Concept Centers at Columbia University, the Polytechnic Institute […]
Ohio TechAngel Fund raises fourth fund with support form Ohio Third Frontier, $610K to back university POC work
The Ohio Third Frontier program has seeded a fourth fund with a $3 million award to the Ohio TechAngel Funds as part of the latest round of distributions from the state bond-backed technology initiative. The Third Frontier Commission approved the award this week as part of $24 million for its Pre-Seed Fund Capitalization Program, which […]
University of Minnesota announces two venture funds
The University of Minnesota plans to launch two venture capital funds next year, one of which will invest in startup companies that license university technology. The fund backing university startups will total $20 million in size and will make seed-stage investments over a 10-year period. A separate $50 million fund will invest in startups nationwide. The university’s […]