Cisco eyes early-stage startups with new venture fund
Cisco Systems Inc., one of the most prolific corporate acquirers of startups, is starting up a new venture fund that will run independently from the parent company, people familiar with the matter say. The Silicon Valley company, which historically has invested from its cash reserves, plans to be the anchor limited-partner investor in the new […]
Midwest Venture Investors To Raise As Much As $100M To Fund Health Startups
Venture Investors plans to raise up to $100 million for a new, healthcare-focused venture capital fund, the Madison, WI-based firm said in a documentrecently filed with federal securities regulators. VI is the oldest and largest venture capital fund in Wisconsin. It created a new business entity, “Venture Investors Health Fund 6 LimitedPartnership,” under whose name the document was filed. The filing lists the same business address and some of the same executiveofficers as previous funds VI has raised for investing in startups. Scott Button, a managing director at VI, declined to say what the organization’stimeline is for raising the new healthcare fund, citing regulatory restrictions. The Wisconsin-based healthcare businesses that VI has backed include CellectarBiosciences, FluGen, and TAI Diagnostics. Two Madison-based startups in VI’s portfolio were acquired by large, publiclytraded companies in the last two years: NeuWave Medical, which was sold toEthicon, a subsidiary of Johnson & Johnson; and Virent, which was acquired byAndeavor. Source: Xconomy: Venture Investors To Raise As Much As $100M To Fund Health Startups
Michigan State University Conquer Accelerator announces program’s 2018 cohort participants
The Conquer Accelerator program announced today the five startup teams selected to participate in its third summer cohort. Designed to help both newer and established companies overcome business hurdles, Conquer Accelerator emphasizes smart planning and growth, extensive mentorship from an experienced bench of professionals and structured educational components focused on bringing its cohort startups to success. The […]
University of Minnesota MnDRIVE Global Food Ventures graduate fellows announced
Eight graduate students who are working toward their master’s or doctoral degree from the College of Food, Agricultural and Natural Resource Sciences (CFANS); the College of Veterinary Medicine (CVM); and the School of Public Health (SPH) were recently awarded fellowships from Minnesota’s Discovery, Research, and InnoVation Economy (MnDRIVE) for the 2018-2019 school year. The world’s population is expected to […]
University of Arizona McGuire New Venture program reaches across UA campus
The New Venture Development Program at the University of Arizona’s McGuire Center for Entrepreneurship is mainly an academic exercise designed to give students the experience of moving an idea to a launch-ready venture. But real products and companies have emerged from the program, and they increasingly involve UA technologies as McGuire reaches out across campus. […]
Fresh $668 million Foresite Capital biotech venture fund aims to quench hunger for data, target university startups
A San Francisco venture capital firm backing data-intensive approaches to developing new drugs has raised a $668 million fund that it looks to turn loose on new ways to marry data and biology to bring therapies to market faster. Foresite Capital, whose recent investments include the machine learning drug development company Insitro, recent IPO Arcus […]
AbbVie and Rice University establish K.C. Nicolaou Research Accelerator to advance oncology therapies
AbbVie, a research-based global biopharmaceutical company, and Rice University today announced they have entered into a joint research collaboration to establish the K.C. Nicolaou Research Accelerator. The research at the Accelerator will focus on synthesizing novel cytotoxic agents for use in the fight against cancer. The collaboration will complement AbbVie’s existing expertise in oncology discovery and early […]
Miami University/University of Dayton receive state funding for technology development
Miami University and the University of Dayton will use a new $400,000 grant from the Ohio Third Frontier Commission to create a technology validation and startup fund. The grant includes $200,000 in matching funds from the two universities. The award is part of a $2.1 million state program designed to help move new technologies from […]
AstraZeneca and SKOLKOVO launched Startup Challenge 2018 acceleration program
AstraZeneca, an international biopharmaceutical company, and SKOLKOVO Foundation announced the launch of a joint acceleration program for projects in the area of oncology, cardiovascular, metabolic, kidney, respiratory, and autoimmune diseases. The scientific partners of acceleration program include National Research Nuclear University MEPhI and Siberian State Medical University. The goal of Startup Challenge 2018 is to […]
The University of Malta TAKEOFF Seed Fund Award
For the 5th year running, the TAKEOFF Seed Fund Award (TOSFA) will support researchers and entrepreneurs with their innovative technologies and business concepts. A total of €100,000 will be awarded through a competitive process whereby the best written applications are shortlisted for a live pitch in front of a panel of judges, with the top […]