Weills donate $185M to UCSF for neuroscience research, innovation fund
Former Citigroup Chairman Sandy Weill, his wife Joan, and The Weill Family Foundation are donating $185 million to the University of California, San Francisco (UCSF) to establish the UCSF Weill Institute for Neurosciences. Advances in medical research have largely focused on cancer and cardiovascular diseases, whereas studies on the brain have only recently begun to […]
Akron’s capital idea: More seed money now will grow more jobs later
Akron hopes to lure another group of biomedical and technology-related companies to the city with $1.75 million in new private equity funds. Akron BioInvestments Fund I, established in 2012, helped build 13 businesses and products that concentrate on everything from surgical glue and image-guided surgery to online therapy for children with special needs and DNA […]
HSBC launches £10bn fund to support UK SMEs
It is the largest package of support to be announced by HSBC for UK SMEs and has been structured regionally, so that small firms in England, Wales, Scotland and Northern Ireland can access funds. HSBC said the fund is designed to meet strong demand from UK SMEs and follows the success of the £8bn fund […]
Jamaica Technology Innovation Fund to be created
Minister of Energy, Science and Technology Dr Andrew Wheatley says the Government is moving to make Jamaica the Caribbean’s leading producer of technology, through the creation of a Technology Innovation Fund. He explained that the Fund will provide for the sustainable financing of technology-based and start-up projects. Dr Wheatley was speaking at the opening of […]
New $3M University of Michigan fund launched to accelerate engineering, medical translational research products
The University of Michigan has launched the Monroe-Brown Seed Fund, a new funding vehicle designed to advance the process of transitioning commercially viable engineering and medical research projects to market. The fund, approved today by the U-M Board of Regents, is a collaboration between the U-M College of Engineering’s Center for Entrepreneurship and the U-M […]
Backed VC outs its “community-driven” €30M European seed-stage fund
Another day, another new European VC fund. This time it’s the turn of London-based Backed VC, which today is officially outing its €30 million pan-European seed-stage fund, although it’s been active since last year and has already made several investments. The aim, founding partner Andre de Haes tells me, is to bring a more “community-driven” […]
University of Michigan, Michigan State target funds for Venture Capital from endowments
The University of Michigan‘s endowment has bolstered its alternative assets with more than $100 million in commitments to venture capital and real estate funds. Separately, Michigan State University reported its latest endowment strategies. The school doubled its commitment to $60 million to an outperforming alternative investment fund run byDrake Capital Advisors. UM plans a new […]
When is the right time to cash in? University Proof of Concept
As universities commercialise their research more and more, researchers need to navigate a labyrinth of choices – but how to decide the best route? Dr Robert Tansley explains the spin out landscape. This is probably one of the best eras in which to spin out a science or technology based business in the UK. Most universities now […]
CincyTech predicts 600 new jobs with $30M fund
CincyTech has formed its fourth and largest fund to date, one that will provide about $30.75 million to invest in as many as 25 homegrown startups in the digital and life sciences fields. The Cincinnati-based accelerator projects the CincyTech Fund IV LLC will create at least 600 jobs in Southwest Ohio over the next five years. New hires would earn on average about $80,000 […]
The House Fund raises $6 million to invest in startups tied to UC Berkeley
A new fund has been created with the sole purpose of investing in startups coming out of University of California at Berkeley. Jeremy Fiance, former managing partner for the Dorm Room Fund, has raised $6 million to create The House Fund, which supports pre-seed and seed-stage companies with ties to the university. The House Fund […]