TEDCO’s Maryland Innovation Initiative Fund Continues to Deliver Substantial Impact for Maryland Biohealth Companies
The Maryland Technology Development Corporation’s (TEDCO) Maryland Innovation Initiative (MII), a program designed to propel research from partner universities towards commercialization, has had a strong, demonstrable impact on many important life science portfolio companies in the BioHealth Capital Region (BHCR). AsclepiX Therapeutics, Inc., Neuraly/Theraly, NextStep Robotics, Sonavex and Coaptechare just a handful of the latest MII program success stories having achieved […]
CIT Gap Funds invests in Charlottesville, Va.-based Babylon Micro-Farms
CIT made an investment in Charlottesville, Va.-based Babylon Micro-Farms, provider of an on-demand indoor farming service. Founded in 2017, Babylon provides small growers and businesses with indoor agriculture modules through on-demand farming services using their patented IoT tech. The financial terms of the investment were not disclosed but Babylon said in a press release that it plans to use […]
‘Sony Research Award Program’ Continues for Fourth Year
Sony announced today the continuation of the Sony Research Award Program, which provides U.S. and Canadian universities funding for emerging and innovative technology research programs in collaboration with Sony’s own research groups. “The Sony Research Award Program gives us the opportunity to partner with some of the most creative minds in academia,” said Toru Katsumoto, Senior […]
Mercy, Baptist Health & more to partner with health tech startups in Arkansas accelerator program
The HealthTech Arkansas accelerator program announced its new cohort of six early-stage healthcare companies chosen to launch pilot projects at nine area hospitals and health systems. Throughout the program, each selected startup will receive seed funding from investors such as the Arkansas Economic Development Commission, as well as access to and guidance from clinicians and administrators at […]
‘Venture philanthropy:’ The new investing hope to fund scientific breakthroughs | Financial Post
Investors normally trade stocks, bonds or real estate, but entrepreneur Michael Hyatt is investing in science projects in hopes of backing an experiment that changes history. The chair of the Hyatt Family Foundation is teaming up with Sick Children’s Hospital in Toronto to create a fusion between investing and charity — they call it venture […]
OSF Hospital System Ventures Launches Second Venture Capital Fund
OSF Ventures, the corporate investment arm of OSF HealthCare, has launched a second venture capital fund of $75 million to continue its strategy of supporting new technology, devices and services that offer improved and more cost efficient health care. Three and a half years following its first investment, OSF Ventures has directly invested in 15 companies and […]
Portland Seed Fund raises $13.9M for third fund, looks to invest in more early-stage startups
Portland Seed Fund has raised its largest fund yet as the firm looks to invest in more startups up and down the west coast. PSF just closed its third fund, raising $13.9 million, nearly double the size of its second fund and triple the size of its first. The firm, founded in 2011, is one of […]
For Top Venture Capital Firms, Success Breeds Success
Read any of the many “best of” lists on venture capital and a handful of names will pop up again and again (and year after year): Sequoia, Kleiner Perkins, Benchmark Capital, Accel Partners, Tiger Capital. These are the firms that lead funding rounds for Silicon Valley unicorns, where partners become legends for inking deals with […]
Maryland Energy Innovation Accelerator launched to advance clean energy adoption
With the recent launch of the Maryland Energy Innovation Accelerator (MEIA), the Maryland Clean Energy Center (MCEC) is poised to deliver on its mission of assisting energy related research and technology efforts to commercialize and move to market. MEIA plans to take clean tech from bench to business. MEIA aims to facilitate early-stage technology commercialization […]
Science Trust gets significant grant from U.S. Dept. of Commerce
The Puerto Rico Science, Technology and Research Trust was selected as one of the 44 nonprofit entities will receive funding from the U.S. Economic Development Administration’s Regional Innovation Strategies Program, which will award a total of $23 million to expand high impact entrepreneurship. The Trust will launch the Investor Bridge Project based on Puerto Rico’s […]