State-backed German startup investment vehicle plans new €300M fund
High-Tech Gründerfonds (HTGF), a seed investor backed by the German government, has revealed plans to raise €300 million ($341 million) for its third fund. The money is intended to enable HTGF to continue the startup-backing remit that has already seen it help 440 companies get off the ground. Life sciences is one of several fields […]
Maryland State university system plans to create $25 million investment fund for start-ups
The University System of Maryland plans to establish a $25 million fund to invest in startup companies created by students, faculty and recent graduates. The system, which includes 12 of the state’s public institutions, would invest $10 million in the Early Stage Investment Fund over four years. Another $15 million would come from the state, […]
Sacramento’s Innovation Fund Will Invest in Local Start-ups
The city of Sacramento will invest in local companies and start a grant program as part of a multimillion-dollar plan to bolster the community’s innovation economy, Mayor Kevin Johnson said Saturday morning. The city is going to invest $1 million in local companies this year, Johnson said. Selections will come from proposals submitted to a […]
SIC, Catalyst Fund ready to move on funds for New Mexico startups
New Mexico’s new state-backed Catalyst Fund is ready to make its first capital commitments to local micro funds that invest in startup companies around the state. Santa Fe-based Sun Mountain Capital, which is managing the new “fund of funds” for the State Investment Council, closed this week on $15 million in commitments from the SIC […]
Tech incubator for health-care start-ups proposed for Freeport Hospital
Dr. Doug Dittmer steps into an old, empty building on the grounds of Freeport Health Centre as he talks about a new incubator for start-ups working on medical-related technology. Dittmer wants the incubator to be established at Freeport, and he’s pitching the idea to William Charnetski, the Ministry of Health’s chief innovation strategist. Charnetski oversees […]
Govt earmarks $15m towards commercialising hi-tech developments
The Government’s $15 million investment into initiatives supporting Kiwi start-ups is a step in the right direction but there’s still more to be done, a Massey University economist says. The Pre-Seed Accelerator fund is aimed at developing “cutting-edge” research into viable start-up businesses. Science and Innovation Minister Steven Joyce said hundreds of savvy hi-tech Kiwi […]
New Irish start-up fund swings into action
Colman Equity – which is also the main funder of the business accelerator programme StartPlanetNI – will focus on knowledge economy companies and entrepreneurs seeking to move back to Northern Ireland. The investment vehicle will allow businesspeople and investors to put money into start-up firms in a tax-efficient manner, while at the same time sharing their […]
Philadelphia College of Medicine starts $5M venture fund
The money for the Primary Care Innovation Fund came from the school’s foundation, PCOM said. The fund will consider investing in companies nationwide, but will concentrate on the Philadelphia region and on the Atlanta region, where PCOM has a branch campus. Dean Miller, CEO of the Philadelphia Alliance for Capital & Technologies and a partner […]
Michigan Accelerator Fund seeks $5 million raise for tack-on fund
The managers of Michigan Accelerator Fund I are seeking to raise up to $5 million from investors to provide further financial backing to portfolio companies. Four of the Grand Rapids-based venture capital fund’s eight existing portfolio companies may need additional capital in the near future, said co-Managing Director Dale Grogan. Capital raised for the new […]
Serra Ventures at U Illinois hopes to raise $50M in new fund, invest in 50 startups
Serra Ventures, a venture capital firm focused on Midwestern companies is on its way to raising $50 million, and it’s eyeing a handful of potential investments. Serra Ventures, at the University of Illinois at Urbana-Champaign’s Research Park, aims to nearly triple the size of its second fund and invest in 40 to 50 startups through its third fund, launched in […]