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 […]
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 […]
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 […]
Connecticut Senate Approves CTNext In Effort To Boost Startup Companies, support UCONN
It could be years before results are visible, but Connecticut made the first significant move Thursday to extend state government’s role in promoting startup firms and early-stage business ventures. The Senate approved a $19.7 billion state budget that includes a provision broadening the work of CTNext, a subsidiary of Connecticticut Innovations, the state’s venture capital […]
South African fund aims to sow and grow new university technologies
MOST universities start as teaching institutions, delivering graduates to society. After a number of years, the focus is shifted to a more research-oriented approach and, apart from graduates, research papers became an important output of the institution. At the turn of the last century, innovation became an important strategy globally and patents were added 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 […]
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 […]
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 […]
From the Lab to the Marketplace: Michigan Tech Researchers Find Help at Home to Commercialize Their Discoveries
Startupcompanies involving two Michigan Technological University faculty members have recently signed commercial licensing agreements, which represent important commercialization milestones.Both companies worked extensively with services and programs provided by the Technology Commercialization Team in MichiganTech’sOffice of Innovation and Industry Engagement. The team helps researchers move from technical discovery to product launch.Those services and programs included the […]