New Brunswick-Saint John Adds $14M To The Research Innovation Fund
SAINT JOHN, N.B. – A $20 million investment over five years to support research and innovation in New Brunswick was announced today by Post-Secondary Education, Training and Labour Minister Danny Soucy as part of the government’s $80 million innovation strategy
Portland Seed Fund Gets $575K More From City To Fund More Start-ups
The Portland Seed Fund is readying a sequel. The two-year-old investment vehicle, which backs promising ideas at their earliest stage, plans to launch a second, larger edition this fall. It would offer more financial “runway” to startups as they move from intriguing concepts into plausible businesses. The Portland Development Commission votes Wednesday on granting $500,000 from the […]
Connecticut Innovations Opens $200M Fund For Bioscience Research
Connecticut Innovations is taking a new investment approach as it prepares to launch a $200 million fund to spur bioscience research and development in the state. The fund, originally pitched by Gov. Dannel P. Malloy and approved by lawmakers during the recent legislative session, will
Florida bill establishes the Florida Technology Seed Capital Fund
CS/HB 705 passed the House on April 17, 2013 and subsequently passed the Senate on April 26, 2013. The bill amends s. 288.9625 F.S., to include innovation businesses among the entities eligible to receive assistance from the Florida Institute for the Commercialization of Public Research (Institute). The bill also grants the Institute the ability to […]
LambdaVision, a UConn biotech start-up, secures $110 for state fund
LambdaVision Inc., a biotech start-up company that was launched by UConn Ventures, has received a funding commitment of $110,000 from Connecticut Innovations (CI), the state’s quasi-public authority responsible for growing Connecticut businesses through innovative financing and strategic assistance. CI announced last week that
Australian Fed Carves Out $350M For Innovation Investment Fund
Innovation funding has been largely spared from the government’s $43 billion drive for fiscal cut-backs, with a new $350 million round for the Innovation Investment Fund and fresh cash to publicise Australian start-up success stories.
India Sets Up $1B Innovation Fund
The Indian government has outlined a plan to set up Rs.5,000 crore (nearly $1 billion) fund to facilitate innovation and entrepreneurship, top official said Thursday. The government would initially contribute $20 million (Rs.100 crore) to the India Inclusive Innovation Fund. The remaining amount would come from scheduled banks, insurance companies, financial institutions, corporates, high net […]
Wisconsin Lawmakers Propose $75M State Seed Fund
Madison lawmakers proposed a new venture capital plan last week, the latest step in their two-year slog to help create an entrepreneurial renaissance. Meanwhile, groups of entrepreneurs, mostly concentrated in Madison and Milwaukee, continue their attempts to spark that renaissance from the ground up. And they’re using a new “lean start-up” method that’s a departure […]
Scottish Enterprise Backs Optical-Measurement Tech With 400K POC Grant
A £400,000 Proof of Concept grant has been awarded to develop pioneering optical-measurement technology that could help chemical and bio-processing companies produce higher yields and speed up product development.
Oregon BEST Awards Commercialization Grant To University-Industry Collaboration On Stormwater Treatment Device
Oregon BEST has awarded a commercialization grant to an industry-university team developing a floating, solar-activated stormwater treatment device that could be deployed in retaining ponds or ditches along roadways and parking lots to keep contaminants from reaching streams. The technology could also be used to pre-treat stormwater, helping reduce overflow situations at municipal treatment facilities […]