Update: Axonia closes on $2M in seed funding. Gap funds play a role (Ann Arbor SPARK, Western Michigan University RF, and others)
Axonia Medical, an early stage company pioneering a revolutionary approach to repair and restore damaged peripheral and central nervous systems, announced today that the company has closed on $2.0 million in seed financing. The financing was led by Southwest Michigan First Life Science Venture Fund and included participation from Ann Arbor SPARK and Western Michigan […]
Kent State University receives three grants from Third Frontier Tech Validation and Start-up Fund
The Ohio Third Frontier program recently made three separate grants to Kent State University researchers through the newly established Technology Validation and Start-up Fund, which promotes the commercialization of Ohio technologies developed by the state’s institutions of higher education.
The SUNY Fredonia Technology Incubator’s Chautauqua Seed Fund grants $20,000 to Henlie Inc.
The Chautauqua Seed Fund is a collaboration among Chautauqua County Executive Gregory J. Edwards, the Chautauqua Region Industrial Development Corporation, the SUNY Fredonia Technology Incubator and the city of Dunkirk. Created in 2009 with an economic development grant from the County of Chautauqua Industrial Development Agency, the fund provides early-stage capital investments from the Chautauqua […]
UTexas Entrepreneurial Faculty Member Urges State to Support Start-up Funding
University of Texas professor James McGinity has defied the odds as an academic entrepreneur. In 1996, he and a colleague, Bill Williams, went in hock for $1 million to start a company, PharmaForm LLC, in a small building off Yager Lane. By the time they sold the company in 2007, it had 85 employees and […]
$8.25 million Seed Fund for Early-stage Life Science Companies: BioCrossroads Forms Indiana Seed Fund II
INDIANAPOLIS, April 30, 2012 /PRNewswire via COMTEX/ — BioCrossroads announced today the formation of the Indiana Seed Fund II (the Fund), an early-stage capital fund focused on identifying, creating and developing the next generation of Indiana-based life sciences companies. The $8.25 million fund is a follow-on to the Indiana Seed Fund I, a $6 million […]
NY Dept of Health/Venture firms team up to support digital health
In unique public-private partnership, the state Department of Health has teamed up with venture capital firms to invest in health technology and push New York to the top of the growing field of electronic medical records.
Utah Kickstart raising a second fund
Kickstart Seed Fund, a seed investor based in Salt Lake City, is seeking to raise $20 million for a second fund that will back technology and life science companies in Utah and nearby Rocky Mountain states
Ohio Third Frontier Fund puts $1M into advanced next-generation medical device company
EndoSphere Inc. today announced that the Innovation Ohio Loan Fund (IOLF) has awarded $1 million to support EndoSphere’s platform of noninvasive, endoscopically-implantable devices that treat metabolic diseases including obesity and type 2 diabetes.
Iowa initiative to launch a seed fund
Op Ed by Jack Harris For years as an executive at Rockwell Collins, I worked with state universities and entrepreneurs who were producing research and products that we needed to enhance our product line or create efficiencies. It could be a tedious process, but it was often more cost-effective than attempting to do the same […]
MI pre-seed fund invests in 9 new start-ups
From official press release: ANN ARBOR, Mich., April 23, 2012 /PRNewswire via COMTEX/ — Nine Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling more than $2 million. To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones, has awarded 72 Michigan companies with seed funding totaling more than […]