University of Nottingham spin-out NuVision received £379k seed funding from Mercia Fund Management
The funding from Mercia will support the commercialisation of NuVision’s ground-breaking product, Omnigen™, an easy to use, dry, amniotic membrane-derived biological bandage that can be used to treat ocular wounds caused by scratches, blisters and burns, as soon as they occur, as well as more long-term, non-healing persistent defects. Omnigen is produced using a pioneering […]
Université de Sherbrooke receives $33.5M from the Canada First Research Excellence Fund
Université de Sherbrooke today launched an ambitious project which reaffirms its position as a world leader in large research partnerships. A project that will undoubtedly be one of the great industrial revolutions of the 21st Century: From Quantum Science to Quantum Technologies. To propel this initiative, the Government of Canada has awarded a remarkable investment […]
Kentucky Grants $800,000 in State Income Tax Credits to Accelerator
The Kentucky Economic Development Finance Authority today granted to UpTech Fund II, LLC $800,000 in state income tax credits, pursuant to the Kentucky Investment Fund Act. UpTech Fund II, the pre-seed fund connected with the UpTech, Inc. accelerator program in Covington, is in the process of raising a $2,000,000 fund to make investments in the […]
Newark Is Tapped for Tech Venture Fund, Accelerator
An early-stage venture fund, targeted at $50 million, and a new accelerator are coming to Newark to create a substantial technology industry. Newark Venture Partners and its sister entity, Newark Venture Accelerator, expect to start accepting startups in October; the fund’s founder is Don Katz, who also is founder and chief executive of Audible.com, an […]
Top 15 Corporate Venture Funds
The shift from fully integrated pharmaceutical companies (FIPCOs) to virtually integrated pharma companies (VIPCOs) has made biopharmas more reliant on external R&D. Often, that external R&D comes from startups nurtured through the venture funds of biopharma giants. This year’s List offers three significant changes since last year’s ranking of corporate venture funds. One is the […]
TEDCO reaches ‘dramatic crossroads,’ taking on 5 times more venture responsibility
Maryland Technology Development Corp.’s new board chair, Newt Fowler, is stepping in as the investment agency’s responsibility grows five-fold. TEDCO this year will take over disparate investment programs from Maryland’s Department of Business and Economic Development, most notably the state’s Maryland Venture Fund. All told, the shift will put an additional $100 million under TEDCO’s […]
U Texas/Sanofi Partnership Illustrates Biomedical Research Turning More to Private Funds
The pharmaceutical company Sanofi will fund up to $2.4 million a year in biomedical research at the University of Texas System under a deal announced Thursday, the latest in a trend toward more research funding from private industry as government research money dwindles. The university system and multinational company called the agreement a mutually beneficial […]
TEDCO program lets startups borrow veteran executives – Baltimore Sun
Plenty of small businesses seek out bank loans. But now Maryland startups can borrow an executive. A new program is lending young companies some human capital to help advance their businesses. The Maryland Technology Development Corp., better known as TEDCO, has provided a half-dozen companies with experienced executives as often as two days a week […]
New NH venture fund model links alumni investors
Talk to anyone in the startup ecosystem about potential barriers to forming a company and they’ll point to the lack of seed and early-stage funding. It’s one of the most critical components for turning an idea or prototype into a business, but few investors are willing to take the risk to invest in the potential […]
CIT GAP Fund Invests In Type Zero Tech, Diabetes Software solution
Virginia’s Center For Innovative Technology (CIT), the nonprofit corporation which receives state funding to drive innovation and entrepreneurship in Virginia, has invested via its CIT GAP Fund in Charlottesville, Va.-based TypeZero Technologies. TypeZero is a health-tech startup that specializes in developing tech to manage and treat Type 1 and Type 2 diabetes. While financial details of […]