Ottawa universities unveil 13 research fund winners
Thirteen large-scale initiatives led by universities across Canada are the winners in a high-stakes federal competition aimed at helping the country’s top scientists make a mark in the global research arena. The projects will split a total of $900-million in federal funding to build on Canada’s existing strengths, and advance knowledge in fields as diverse […]
Australian Government-backed $20 million venture capital fund launched to back clean energy startups
A new $20 million venture capital fund has launched with the backing of the federal government to support and encourage startups focusing on clean energy technology. Artesian Venture Partners will be running the fund, and the government’s $1 billion Clean Energy Innovation Fund will be providing a cornerstone investment of $10 million. The Clean Energy Seed Fund […]
Rev1 Ventures, Ohio State University Launches $22 Million Seed Fund to Fuel High-Growth Startups
Today, Rev1Ventures, a top VC investor in the Great Lakes Region, announced the launch of Rev1 Fund I, the company’s most significant fund to-date and the largest seed-stage fund in Columbus history. A first-of-its-kind for the region, the corporate-backed fund is supported by Nationwide, The Ohio State University, Cardinal Health and other top Columbus companies […]
Qualcomm invested $23 Million In 5 Firms From India Venture Fund
Qualcomm on Monday said it has already invested $23 million (about Rs 150 crore) in five companies from the $150 million venture fund, which the electronics chip major had announced for India last September. Asked about an update on the company’s India investments, Qualcomm’s Executive Chairman Paul Jacobs, who met Telecom Minister and IT Minister […]
Drive Capital launches $300 million second fund for Midwest startups
Drive Capital LLC has launched a $300 million fund to invest in Midwest startups, surpassing its first fund and catapulting the venture capital firm to more than a half-billion dollars under management. Co-founders Mark Kvamme and Chris Olsen, who started the firm in Columbus after leaving Sequoia Partners in Silicon Valley, said their thesis is […]
Indian Govt inaugurates start-up incubation centre in New Delhi; to foster 50 new companies
India has attracted investment from 37 mobile manufacturing companies in last one year that have generated 40,000 direct jobs and 1.25 lakh indirect employment, IT Minister Ravi Shankar Prasad said. “We decided to make India a big hub of electronics manufacturing. In the last one year, 37 new mobile manufacturing units have come,” Prasad said […]
£75m raised in technology start-up investment by Cambridge University
A capital investment fund company, founded by Cambridge University in partnership with other investors, has raised capital of £75 million in anticipation of an IPO flotation. This is a major success story for continuing investment into technology and healthcare innovative startups in the Cambridge region. The IPO was oversubscribed, a sure sign of the strong […]
Ontario Investing $51 Million to Support Research and Foster Innovation
Ontario is awarding a total of $51 million to support world-class studies and research talent at leading institutions across the province, laying the foundation for Ontario’s future knowledge-based economy. This funding will help sharpen Ontario’s competitive edge by fostering discoveries; leading to new technologies, treatments and cures for cancer patients and other diseases while supporting […]
Tata’s $300m venture fund plans to invest in startups
Mumbai-bred Turakhia brothers turned billionaires as a group of Chinese investors acquired their ad tech startup Media.net for $900 million in cash, in what would be the third largest deal in the industry. The newly set up RNT Capital Advisers, a venture fund launched by Tata Sons chairman emeritus Ratan Tata, will deploy $300 million […]
€1m made available for two new Enterprise Ireland start-up funds
Enterprise Ireland’s investments into Ireland-based start-ups show no signs of slowing, with two new funds totalling €1m to come on stream soon. Starting tomorrow (24 August), start-ups operating in fields such as games, apps, mobile, SaaS, cloud, enterprise software, life sciences, food, cleantech and industrial products are welcomed to apply for the funds Funding The […]