Innovate Indiana Fund Part of $5.75M Investment
MatterFab, an Indiana University-funded maker of metal 3-D printers, recently closed a $5.75 million seed-funding effort toward the design and development of its first printer for commercial, industrial-grade use. The Innovate Indiana Fund and GE Ventures were among the investors in the Series A financing round, which will help the San Francisco-based company produce what […]
Governor rejects Invest Georgia seed funding
Gov. Nathan Deal vetoed 11 bills Tuesday, including long-sought legislation to put seed capital into a state-run venture capital fund.A bill the General Assembly passed on the final day of this year’s legislative session authorized Invest Georgia, a VC fund created two years ago but not funded, to sell up to $55 million in insurance […]
House and Senate on Different Pages on Biomedical Innovation
When it comes to his 21st Century Cures initiative, House Energy and Commerce Committee Chairman Fred Upton has an aggressive timeline in mind, starting with a subcommittee markup Thursday and ending with a bill on the desk of the president by the end of the year. The Senate, being the Senate, isn’t moving as quickly. […]
Med tech start-up exits Bank of Ireland Seed Fund with US$21m valuation
Galway med tech company neoSurgical has become the first start-up to exit the 2009 Bank of Ireland Seed and Early Stage Fund after raising US$6m from US investor SAIG. Kernel Capital said that it has commenced the formal divestment of the 2009 Bank of Ireland Seed and Early Stage Fund, which has a portfolio of almost […]
Ohio Capital Fund notches 8.7 percent return on investment since 2006 founding
Ohio’s $150 million state-backed fund for venture-capital investments is showing stronger returns and has attracted more than $1 billion investment to the state, but still is performing below expectations. The Ohio Capital Fund LLC has generated an 8.7 percent annualized return from 2006 through the end of last year, fund managers on Thursday told the […]
Here’s which states are most innovative in America – The Washington Post
What makes a state a champion of innovation? Is it the size of its tech workforce, the speed of its broadband connectivity, its willingness to protect and foster new business models? What is the essential mix of state-level policies and practices that make a state a leader in developing new businesses and fostering a more […]
U.S. Commerce Secretary Announces $10 Million in Grants to Advance Innovation Across America
U.S. Secretary of Commerce Penny Pritzker today announced the first 26 recipients of the 2014 Regional Innovation Strategies program grants. The Regional Innovation Strategies (RIS) program, which is being run by the Department’s Economic Development Administration’s (EDA) Office of Innovation and Entrepreneurship (OIE), is a new initiative designed to advance innovation and capacity-building activities in […]
Patent reform: Big government’s latest comprehensive debacle – Washington Times
The following excerpts are from a March 4 speech by Carly Fiorina, chairwoman of the American Conservative Union Foundation and former CEO of Hewlett-Packard, at the Inventing America Conference. My story, a young woman sort of with no plans, not a great resume, getting the opportunity to go from secretary to CEO of the largest […]
New Ohio venture fund could help fill a local investment gap – Cleveland Business News – Northeast Ohio and Cleveland – Crain’s Cleveland Business
The “angels” in charge of Northeast Ohio’s newest venture capital fund have been flying below the radar. But they have been busy. Some investors involved with North Coast Angel Fund have formed their own venture capital firm: North Coast Venture Fund. Over the past year, they’ve raised $5 million and invested in seven technology companies, […]
Carnegie Mellon University I-Corps Site Chooses Teams for 2015 Spring Cohort
The Carnegie Mellon University Innovation Corps (I-Corps) Site has announced its 2015 spring cohort of 16 startup companies that are commercializing innovations ranging from online tools for identifying sex traffickers to technologies for bio-printing 3-D tissues for regenerative medicine. The objective of the I-Corps Site is to help students and faculty members hone their entrepreneurial […]