This VC Firm Just Raised More Than $1 Billion To Invest in Moonshots
Lux Capital, a New York-based venture capital firm, has raised more than $1 billion across two new funds to back companies on “the cutting edge of science.” The firm raised $500 million for its sixth flagship early-stage fund and another $550 million for an opportunity fund focused on growth-stage investments. Limited partners include global foundations, university […]
Venture Firm Wellington Partners Launches $237 Million Life Science Fund
Wellington Partners, a top European venture capital firm based in Munich, Germany, announced the final close of its fifth-generation Wellington Partners Life Science Fund V (WPLS-V). It closed at $237 million (U.S.), which is the largest Wellington Partners fund targeting life sciences. The fund plans to build a portfolio of about 15 to 20 companies, with a […]
UWM entrepreneurship center receives $1 million from Bud and Sue Selig
The University of Wisconsin-Milwaukee announced a $1 million gift Wednesday from former Milwaukee Brewers owner Bud Selig and his wife, Sue, the latest of several high-profile investments by big names in UWM and the UW System. Selig, who is the commissioner emeritus of Major League Baseball, is credited with bringing MLB back to Milwaukee in 1970 when he […]
CIT GAP Funds Makes Follow-On Investment in 4stay to Support Rapid Growth
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has made a follow-on investment in Arlington, Va.-based 4stay, an online marketplace for student housing that connects students, interns, and professionals with local hosts, roommates, and room providers. Since the GAP Funds’ original investment in late 2018, 4stay’s management team has doubled down on their efforts […]
Amazon’s newest Alexa accelerator cohort shows how voice apps and business models are maturing
Amazon’s Alexa Accelerator is up and running for the third consecutive year as another batch of early stage startups test the boundaries of voice technology. Nine startups from across the country will spend the next three months at the Techstars Seattle office, building their companies and finding unique ways to incorporate Alexa, Amazon’s artificial intelligence […]
1717 Innovation Center to launch new accelerator for Richmond nonprofits
Just weeks after gaining its first accelerator focused on nonprofits, Richmond snagged a double dose. Applications opened Monday for @1717, a new nonprofit accelerator run by Capital One’s 1717 Innovation Center. This fall, Richmond’s resident banking giant and 1717 are piloting the program, which aims to support Richmond-area nonprofits in expanding capacity to help them […]
Government-funded Research Increasingly Fuels Innovation – UConn Today
For the third year in a row, the Trump administration has proposed large cuts in science funding across a variety of agencies. Although Congress restored these cuts in the past two years, increased budgetary pressures may discourage them from doing so this year. Now, new research from the University of California, Berkeley, the University of […]
Smartpark Innovation Hub opens at the University of Manitoba
The Smartpark Innovation Hub (SIH) has opened at the University of Manitoba. It will be an information exchange centre that will encourage further partnerships between industry, government, and the University. It will provide rentable space for companies, new space for laboratories, and be home to Smartpark’s head office, the University’s Technology Transfer Office, and technology […]
Broad Foundation boosts California stem cell research funding with $10M gift to USC
SC’s groundbreaking stem cell research and training programs have received a major boost thanks to a $10 million gift from the Eli and Edythe Broad Foundation. The donation is part of the foundation’s latest $30 million funding initiative to support its namesake Eli and Edythe Broad stem cell research centers at USC, UCLA and University of California, […]
European Research Council makes move to promote commercialisation
The European Research Council (ERC) is stepping up efforts to promote the commercialisation of research its funds, setting up a website to link holders of its €150,000 proof of concept grant with potential investors. To date, 26 proof of concept grant holders have joined the Virtual Venture Fair, which is intended as a shop window for […]