Michigan State U opens accelerator center for food development, commercial distribution
Michigan State University (MSU) opened this week its new Food Processing and Innovation Center (FPIC), an incubator designed to help food businesses and startups develop and release products. Clients can rent the facility, then use it to produce, process and package their products for about $3,000 per day. The goal of the center is to […]
The University of Queensland’s ilab smashes $56 million investment in startups –
The University of Queensland (UQ) has cemented its position as a leading launchpad for entrepreneurs and a magnet for major investors, with startups from its ilab programs attracting more than $57 million. UQ offers a range of hands-on programs, including its Germinate accelerator, that give budding founders the skills, connections and seed funding to create […]
IU Philanthropic Venture Fund commits $500,000 to drug development company
The Indiana University Philanthropic Venture Fund, which provides capital to faculty, students, alumni and staff at all IU campuses to help them further develop their research and innovations into startup companies, has committed to invest $500,000 in Indianapolis-based NERx Biosciences Inc. as part of $2.2 million bridge round. The company discovers and develops targeted therapeutics for cancer treatment. John […]
WEDC accelerator awards grant to support startup businesses in southeastern Wisconsin
The Wisconsin Economic Development Corporation (WEDC) has awarded the Wisconsin Women’s Business Initiative Corporation (WWBIC) an $80,000 grant to support its Growth Accelerator program, which will help 10 entrepreneurial teams start or grow their businesses. The grant will enable WWBIC to conduct two intensive, 10-week Growth Accelerator classes with five teams in each – one […]
Israel, Poland Launch Corporate-Startup Co-Innovation Program
Israeli and Polish organizations have signed a 10-month innovation plan, supported by the Israeli government and the Polish Ministry of Technology and Entrepreneurship, which will see large corporations share their innovation needs and challenges with startups and individual entrepreneurs from both countries. The goal is to identify solutions to those challenges, forming startups around them, […]
U Wyoming Fisher Innovation Launchpad Names Winners
Five innovative businesses created by University of Wyoming graduate students were named winners of the Fisher Innovation Launchpad this week. The five businesses will each receive seed funding from a $125,000 fund; office space in the Wyoming Technology Business Center (WTBC) for one year; and business counseling. The Fisher Innovation Launchpad, which began in 2016 […]
UNC to receive $65 million through hedge fund partnership for medical research
An investment management firm has committed $65 million in funding to UNC to accelerate the development and creation of new medicines. The University is partnering with Deerfield Management to form Pinnacle Hill, LLC. Pinnacle Hill will manage funding to approved projects and provide drug development expertise across a wide range of therapeutic areas, according to […]
UK universities awarded £25.5m EU funds for innovative digital projects
The European Innovation Council (EIC) has selected 38 innovative projects to develop new ideas towards radically new future technologies. Nine out of the 38 projects involve UK universities. In total, the projects will receive £110m (€124m) under the future and emerging technologies (FET Open) strand of the EIC pilot, run under the EU’s research and […]
Alumni Ventures Group is the most active venture fund you’ve never heard of
Alumni Ventures Group’s (AVG) limited partners aren’t endowment or pension funds. Its typical LP is a heart surgeon in Des Moines, Iowa. The firm has both an unorthodox model of fundraising and dealmaking. Across 25 micro funds, AVG is raising and investing upwards of $200 million per year for and in tech startups. Tucked away in Boston, far […]
Cedars-Sinai graduates 8 startups from its Accelerator program
Eight new healthcare technology companies are the latest to complete the Cedars-Sinai Accelerator program, which helps entrepreneurs bring innovative products to market. As part of this intensive three-month program, each vendor gets an initial investment of $120,000, as well as access to Cedars-Sinai’s clinical expertise and information infrastructure, including hardware, software and digital health technical […]