Samsung to fund 40 tech projects in H1
Samsung Electronics has selected 40 research projects that will be funded in the first half of this year. The initiative is in line with Samsung strategy to secure key technologies, Yonhap new agency reports. Since 2013, Samsung has operated a program which funds research in three fields, including basic science, material technology, and information communications […]
Investing in the Midwest: opportunities abound
J.D. Vance, author of the bestseller Hillbilly Elegy, plans to move back to his native Ohio, in part to find venture capital opportunities in the area where he grew up. Is it worth following Vance into the Midwestern capital market? The Midwest has a lot to offer: A lower cost of living for workers, plenty […]
Dublin City University IoT sensor firm AmbiSense gets €1m from Atlantic Bridge Fund in Ireland
Founded as a research project within Dublin City University (DCU) in 2008, AmbiSense went on to become an Enterprise Ireland High Potential Start-Up in 2014, led by co-founders Stephen McNulty, Dr Fiachra Collins and Prof Dermot Diamond. Working within the booming field of the internet of things (IoT), the company designs and manufactures low-cost, smart, solar-powered, gas […]
Facebook Pioneer’s $75 Million Gift to UCSD Is Largest from a Graduate
Facebook pioneer Taner Halicioglu is donating $75 million to his alma mater UC San Diego to jump start a $2 billion fundraising campaign. Halicioglu joined Facebook in 2004 and managed operations through its first million users. He now leads the Seed San Diego venture fund while lecturing at the university. His gift, announced Saturday night at a gala […]
DOD’s $250 million rapid innovation fund
The Pentagon will begin taking submissions for its Rapid Innovation Fund (RIF) at the end of the month, according to a March 17 announcement. The fund is used to quickly test and integrate innovative technologies that solve critical national security needs. Mature prototypes may receive up to $3 million and will have up to two years to complete […]
Research Park Corporation incubator, venture fund generate $196 million economic impact
Research Park Corp. and affiliated organizations that include a technology business incubator and venture fund posted a total economic impact of $196 million in 2016, generated 3,100 direct and indirect jobs with a payroll of more than $83 million, officials said Thursday. State and local tax collections from those companies and jobs amounted to $11.2 million, […]
University System of Maryland Launches $25 Million Maryland Momentum Fund to Back Start-Up Companies Formed from Campus Research
To increase new company creation and commercialization of its leading-edge research, the University System of Maryland (USM) is launching a $25 million early-stage investment fund to be known as the Maryland Momentum Fund. The money-raising process for start-up companies typically is an uneven one. Therefore, the Maryland Momentum Fund will concentrate on filling gaps in […]
NJBIZ Exclusive: Hackensack Meridian entering innovation and incubator space with $25M fund
The board of Hackensack Meridian Health has approved a $25 million capital fund so the state’s second-largest health system can dive into the world of innovation and incubators, NJBIZ has learned. Hackensack Meridian officials said the effort is viewed as a new revenue stream as well as a way to elevate the organization onto a […]
Selena Gomez establishes new fund for Lupus Research at University of Southern California
People magazine reports that Selena recently made a donation to the University of Southern California’s Keck School of Medicine to establish the Selena Gomez Fund for Lupus Research. Selena revealed in 2015 that she suffered from the autoimmune disease, and even underwent chemotherapy as part of her treatment. In a statement, the singer says, “I […]
London has attracted a tech fund led by Saudi Aramco, BP and other oil majors looking to collaborate and innovate
Oil and Gas Climate Initiative’s (OGCI) Climate Investments fund aims to invest in and accelerate the commercial development of new emissions-reducing technology. It first announced its plan to push £1bn over 10 years into tech innovation in 2016. OGCI is the first tenant signed up at Central Working White City, a first-of-its-kind project with space […]