Northwestern Entrepreneur-In-Residence Testifies On Impact of Gap Funding To Pharma (Excerpt)
Excerpt from Dr. Andrew P. Mazar, Entrepreneur in Residence,testifies to the U.S. House of Representatives Committee on Science and Technology (Sub-committee on Research and Science Education). These comments reflect the need for and gap funding emphasis on development-intensive technologies, like Pharma.
Dell Sets Up $60M Storage Start-up Fund
Dell also said the computer maker has established a $60 million venture fund to invest in storage technologies. The fund will back startups that aim to house growing amounts of data at businesses with fewer than 50,000 employees, for example, and those building computer servers with solid-state storage, the CEO said at Fortune’s Brainstorm Tech […]
State-supported, Pennsylvania venture fund to support early stage software companies
The dearth of early-stage capital available to fund young technology companies in the Philadelphia region is nothing new. It was a source of concern for entrepreneurs and economic-development types in the late ’80s, when I moved here. Hand-wringing resumed early last decade after the bursting of the technology-stock bubble. And since the financial crisis-induced recession, […]
Prize-Based Innovation for University of Notre Dame Computer Science & Engineering Students and Faculty
The University of Notre Dame’s Computer Science & Engineering program will collaborate with Schurz Communications on a first-of-its-kind “innovation challenge,” beginning fall semester, 2012. Undergraduates, graduate students and faculty will be asked to consider real-world digital solutions and opportunities for 21st -century media companies. A first area of focus will be mobile development.
U Michigan partners with venture capital group to support start-ups
A new partnership between the University of Michigan’s tech transfer office and the Michigan Venture Capital Association (MVCA) aims to increase the commercialization of university technology by granting members of the MVCA access to UM-based research and start-ups.
Invest Illinois supports four Champaign-Urbana area start-ups
Four startup companies with ties to the Champaign-Urbana area have been approved to receive equity investments from the state’s new Invest Illinois Venture Fund.
Pure Michigan Venture Development Fund Accepting Applications
LANSING– The Michigan Economic Development Corporation has announced that the Michigan Strategic Fund is targeting to invest up to $9 million to help grow the venture capital industry in Michigan.
GlobeSherpa, a Portland State student-led venture, moves forward in convenient transit application
Riding TriMet buses and trains in Portland may soon become a paperless, machine-less and generally more convenient experience ifGlobeSherpa has anything to say about it. The 2-year-old company has created a mobile system that lets riders buy tickets on their phones. The completely paperless platform would also give TriMet an easier way to manage operations and even provide […]
Few Awards Lead to Frustrations at Third Frontier Fund, Others Point to Recent Program Changes
Many of the people in charge of the Ohio Third Frontier program aren’t happy. Several members of the Third Frontier Commission and Advisory Board expressed deep frustration over the relatively meager number of awards that the technology-focused economic development program has made during fiscal year 2012, which ends on June 30.
Pension Funds a Source for Early-stage Commercialization? Silicon Valley Bank Invests in Ireland
Silicon Valley Bank (SVB) has announced it will lend $100 million to the Irish innovation sector as part of a new partnership with the National Pensions Reserve Fund (NPRF). According to Reuters, SVB intends to invest in Ireland’s technology, life science, cleantech, private-equity, and venture capital businesses over the next five years.