China To Establish $6.5B State Venture Fund To Drive Innovation
China’s State Council has decided to establish a state venture capital fund with as much as RMB40 billion (US$6.5 billion) in capital to help support innovation and to upgrade its industrial sectors, according to a statement posted on the Chinese government’s official website. The fund will utilize capital from the central government’s fiscal budget and […]
Illinois Ventures Fund Grants $125K to University Researchers
Researchers from three universities in Illinois have received the first batch of funding from IllinoisVentures, a University of Illinois-born fund that launched in October and aims to accelerate the commercialization of new technologies. Five researchers from the University of Chicago, Northwestern, and the University of Illinois at Chicago received a total of $125,000 in grants […]
Washington’s Life Sciences Discovery Fund Announces POC Awards, Inaugural Matching Grants
SEATTLE, Washington, December 15, 2014 – The Life Sciences Discovery Fund (LSDF) today announced $1.2 million in Proof of Concept grants to Washington-based organizations to foster the advancement of promising health-related technologies to commercial products. Also announced were two commercialization-focused awards, totaling $600,000, through a new funding program requiring external cash matching.
Six Northeast Ohio Tech Startups Win $375,000 in Innovation Fund Awards
A wound healing business from Fairlawn, an Akron-based drone designer and manufacturer, and a Cleveland startup using the power of collective intelligence in a chat app are among the six technology companies to receive funding from the Innovation Fund. The awards, totaling $375,000, should help these fledgling companies validate their new technologies and prove their […]
New York State invests $50M in Innovation Venture Capital Fund
Program Purpose The New York State Innovation Venture Capital (NYSIVC) Fund is a seed stage and early stage venture capital fund with up to $50 million to support and attract new high-growth businesses. The NYSIVC Fund will provide critical funding to promote the commercialization of new technologies, incentivize economic growth and encourage job creation across […]
Gillibrand Announces Senate Passage Of DOD Pilot Program To Bring High-Tech Innovation To The Marketplace
U.S. Senator Kirsten Gillibrand announced that Congress passed as part of the National Defense Authorization Act (NDAA) a provision to extend and enhance a Department of Defense (DOD) Proof of Concept Commercialization Pilot Program based on key provisions from her legislation to help accelerate the commercialization of basic research. This provision authorizes military departments across […]
Feds announce new $15 M fund for social innovation research | Academica Group – Research and Consulting for Higher Education
The federal government last week announced the launch of the new Community and College Social Innovation Fund, designed to fund applied research at colleges and polytechnics that addresses social issues including poverty, crime prevention, community safety, and economic development at the community level. The $15 M fund will be administered by SSHRC as a pilot […]
Medical device startup benefits from Philadelphia seed fund
Two years after the city of Philadelphia launched a $3 million seed fund, the fund has invested in a medical device company — one of four companies to receive investments topping $700,000 and the only healthcare business among them.Velano Vascular received $400,000 from the fund. The medical device company is developing a needle-free approach to […]
New Eagle Repays Funding to Michigan Pre-Seed Capital Fund After Successful Product Launch, Sales
ANN ARBOR, Mich., Nov. 13, 2014 /PRNewswire/ — Ann Arbor SPARK business accelerator client New Eagle recently repaid the $250,000 Michigan Pre-Seed Capital Fund award that it received in 2012. The money will be reinvested in to the Michigan Pre-Seed Capital Fund to support other entrepreneurial endeavors in the state. New Eagle, an engineering firm […]
University of Cincinnat Accelerator Gets $1 Million from Ohio’s Third Frontier Program
The University of Cincinnati (UC) Technology Commercialization Accelerator has received a funding renewal of $1 million from Ohio’s Third Frontier Commission, double the amount the accelerator received in an initial round of funds from the Third Frontier in 2012. The award comes via the Third Frontier Entrepreneur Signature Program, which runs through CincyTech and will […]