University of Michigan’s Desai Accelerator Invests in Four Startups to Launch 2021 Cohort
The Desai Accelerator, a University of Michigan accelerator open to early-stage alumni startups, announced the four companies accepted into its 2021 cohort. As part of the accelerator program, the ventures will be provided with funding, tailored mentorship opportunities, national visibility and other resources to achieve successful sustainability. The Desai Accelerator, managed by the Samuel Zell & Robert H. Lurie […]
CincyTech wraps up raising $20 million seed capital fund
Cincinnati startup capital company CincyTech has finished raising its fifth fund, giving it nearly $20 million in new money to invest. Avondale-based CincyTech, based in the University of Cincinnati’s 1819 Innovation Hub in Avondale, raised $19.7 million for its fifth investment fund. It wrapped up fundraising at the end of April. CincyTech will use the […]
Perceptive Advisors closes $515M fund to fuel more early-stage biotech startups
When Chris Garabedian set out early last year to raise money for a second Perceptive Advisors fund focused on early-stage biotech startups, it took just a matter of months to draw interest from investors willing to commit more than $1 billion total. The fund could have closed with that much money, maybe more, said Garabedian, […]
Student startups awarded $75,000 at WSU business plan competition
Student venture teams presented their business ideas last week and competed for $75,000 in prize money at an annual business plan competition hosted by WSU’s Center for Entrepreneurial Studies. More than 28 student venture teams, representing nearly 150 students across three leagues, participated in the virtual event Thursday. The top five teams of the competition’s […]
Boeing partners with Virginia Tech Innovation Campus, commits $50 million
$50 million, multiyear commitment from Boeing will help jump-start Virginia Tech’s effort to create the most diverse graduate technology campus in the United States, the university announced Tuesday morning. Boeing’s commitment will provide student scholarships, foster the recruitment of world-class faculty and researchers, and fund STEM pathway programs for underserved K-12 students looking to pursue […]
CVS Health Launches $100 Million Venture Fund
CVS Health (NYSE: CVS) today announced the launch of CVS Health Ventures, a dedicated corporate venture capital fund that will invest in and partner with high-potential, early-stage companies focused on making health care more accessible, affordable, and simpler. “Consumers deserve a better health experience, one that puts them at the center of cutting-edge, digitally enabled solutions,” […]
Emory University receives $10M gift for innovation, inclusion
Emory University is getting a financial boost to increase diversity and collaboration at two of its graduate schools. Billionaire philanthropist John Brown and his wife, Rosemary, plan to give $5 million to Emory’s Goizueta Business School to attract women and minority graduate students, and $5 million to Emory’s medical school to fund biomedical research and product development. […]
TEDCO’s Seed Fund +USM Momenturm Fund support $850K Investment Round
TEDCO, Maryland’s economic engine for technology companies, announced today its Seed Fund invested $200K in TargetDocs, a Maryland-based technology startup. TEDCO’s Seed investment is part of an $850K funding round, which includes University System of Maryland Momentum Fund (Momentum Fund), the Hustle Fund, New Age Capital, Debut Capital, Dingman Center Angels, and Gaingels. TargetDocs, based in Montgomery County and led […]
Philanthropy-backed Dartmouth Innovation Accelerator accelerator advances cancer therapies
Three teams of Dartmouth researchers have been selected to receive the first awards from the Dartmouth Innovations Accelerator for Cancer. A philanthropy-funded initiative, the Accelerator was launched in 2020 by Norris Cotton Cancer Center and the Magnuson Center for Entrepreneurship(link is external) to bring new cancer treatments to patients more quickly. So far, it has raised $3.3 […]
Innovate@BU hosts 21st New Venture Competition for social impacts
Innovate@BU will host the third and final round its largest annual New Venture Competition Friday. The competition will feature 12 finalists representing nine different schools and colleges within Boston University. Boston University’s BUild Lab. Innovate@BU will host the third round of its New Venture Competition Friday, awarding prizes to finalists who develop innovative solutions to critical social issues. […]