Hyundai Motor Builds Global New Venture Capital Investment System
The Hyundai Motor Group will set up an open innovation center in Beijing, China and Berlin, Germany within year. Including those in Korea, Silicon Valley in the United States and Tel Aviv in Israel, a total of five advanced bases will be built to absorb excellent ideas from start-ups. “We will strengthen the efficiency of […]
New Stamford program aims to accelerate startups’ growth
After making major progress last year, southwestern Connecticut’s newest business accelerator is aiming to maintain its momentum in 2018. Focused on enterprise-oriented startups, TechXel graduated last month its first group of businesses. Its founders say the early feedback from participants, mentors and speakers suggests that the initiative has established a promising model for helping entrepreneurs […]
IBM, Comcast Back New Blockchain Startup Fund
Tech giant IBM and the venture arm of telecoms conglomerate Comcast are backing an investment fund focused on scaling early stage startups that help enterprises use blockchain technology. MState, a startup accelerator, aims to invest in blockchain startups globally and ultimately connect them with Fortune 500 customers, co-founder Rob Bailey told Bloomberg. The accelerator is seeking to […]
Virginia Tech awarded $1.1 million grant from the Virginia Research Investment Fund
Gov. Terry McAuliffe announced on Monday, Jan. 9, a $1.1 million grant from the Virginia Research Investment Committee (VRIC). The grant was awarded to a Virginia Tech research team, which collaborated with a University of Virginia research team and private company VoltMed Inc. to complete the project, according to the application for funding submitted by […]
Startup Health lands $19.3 million in funds to help startups
StartUp Health, a digital health group that supports, connects and finances startups, just landed $19.3 million from Ping An Global Voyager Fund, GuideWell, Masimo Corporation, and a consortium of partners through its Transformer Fund II. “This [funding] is a really good opportunity to focus on health innovation globally—not just looking at the hubs here in […]
Academic-commercial collaborations see huge rate of Startup success in Ireland
More than 80 percent of collaborations between commercial and academic institutions since 2013 have resulted in successful startups, a report by Knowledge Transfer Ireland has found. The report also shows 26 new products and services have launched in 2016 from fully active and operating spin-outs. Spin-outs are companies that are based on ideas and products developed […]
Auburn Alumni Gives $1 Million Gift to Auburn University Entrepreneurs
$1 million gifted by Auburn Alumni will be a game changer for students looking to start their own businesses. Auburn’s business school believes entrepreneurship is the key to the future for U.S. businesses. So, ensuring students have the skills and resources needed to create startups means they’ll be ready to ride this wave of economic […]
Ottawa pushes venture capitalists to fix startup gender gap as condition of $400-million funding
Ottawa is pushing venture capitalists to help fix the gender gap in the Canadian startup scene, telling those who want to qualify for a $400-million funding program they must “demonstrate how their strategies would advance these objectives.” In its call for expressions of interest for the program to backstop venture capitalists, to be posted Monday, […]
UC Berkeley SkyDeck Accelerator Welcomes 16 New Portfolio Startups; New Berkeley SkyDeck Fund
The UC Berkeley SkyDeck startup accelerator has announced the 16 teams accepted into the Spring 2018 cohort. Teams will receive support and mentorship valued at more than $200,000per company, and an additional $100,000 in funding from the Berkeley SkyDeck Fund. SkyDeck is located in the Penthouse of the tallest building in Berkeley, Calif. Located in the penthouse of Berkeley’s tallest […]
Techstars launches Minnesota accelerator for agriculture and food startups
International startup accelerator Techstars announced today that it is launching a new ag tech accelerator in Minneapolis-St. Paul, Minnesota. Called the Farm-to-Fork Accelerator, the program will be managed by Brett Brohl, previously an entrepreneur in resident at Techstar’s Retail Accelerator, also based in Minnesota. Cargill and Ecolab, some of the largest players in the ag tech […]