New $7.5M fund will help U Michigan accelerate medical technologies
A new $7.5 million fund will help U-M medical discoveries make the leap from the laboratory to the market, accelerating their potential to help patients. Funded in part by a new $2.4 million grant from the Michigan Economic Development Corporation’s 21st Century Jobs Fund, the new effort will help the U-M Medical School and U-M […]
Detroit Innovate targets young technologies, university start-ups
A new seed-stage fund called Detroit Innovate, which intends to help launch technology companies in Southeast Michigan and invest in existing young companies, is scheduled to be announced today. The fund has received $5 million from the New Economy Initiative for Southeast Michigan and hopes to raise at least $10 million from other state foundations.
New York Gov. Cuomo suggests a $50M venture fund, target early-stage start-ups and university technology
ALBANY — Start-up companies in New York state will have Niagara Falls to thank for some of a $50 million venture capital fund that the governor wants to create. One of several ideas that Gov. Andrew Cuomo has proposed to help encourage the growth of high-tech start-ups in the state is what’s being called the NYS Innovation Venture Capital […]
Prostate cancer drug candidate funded by University City Science Center QED program
Could a compound developed by two University of Delaware faculty members be a new line of defense against prostate cancer? Robert Sikes, director of theCenter for Translational Cancer Research (CTCR) and associate professor ofbiological sciences, and John Koh, associate director of the Delaware Biotechnology Institute (DBI) and professor of chemistry and biochemistry, believe they have indeed invented a new […]
New York Times article covers new venture investment in SBA program for start-ups
While many small businesses are waiting for the federal government to write rules for so-called equity crowdfunding, the Obama administration is moving forward with another effort to funnel investment capital to start-ups. Last week, the Small Business Administration announced that it had granted a venture capital fund from North Carolina the first license to participate in a new […]
Michigan’s Pre-seed Capital Fund invests $1M in four companies
Four Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling $1 million. To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones to support start-ups’ product commercialization, has awarded 83 Michigan companies with seed funding totaling more than $19 million.
Maryland TEDCO restructures to funnel more money into state start-ups
One of Maryland’s most active early-stage investors, the Technology Development Corp. , or TEDCO, has restructured some of its existing programs and added others in hope of funneling more money to the state’s upstarts. Created by the Maryland General Assembly in 1998, TEDCO has almost exclusively invested state money to date. That will change under its new programs, which […]
NY State Research and Development Authority provides $15M in seed money to incubator projects
Inventors and scientists are getting $15 million worth of help from the State of New York to turn their high-tech, clean-energy ideas into successful businesses. The New York State Energy Research and Development Authority, NYSERDA, will invest $5 million in seed money at each of three new Proof-of-Concept Centers at Columbia University, the Polytechnic Institute […]
Ohio TechAngel Fund raises fourth fund with support form Ohio Third Frontier, $610K to back university POC work
The Ohio Third Frontier program has seeded a fourth fund with a $3 million award to the Ohio TechAngel Funds as part of the latest round of distributions from the state bond-backed technology initiative. The Third Frontier Commission approved the award this week as part of $24 million for its Pre-Seed Fund Capitalization Program, which […]
Scotish seed fund launches, support from Office of Science and Technology
NESTech is a £3m technology seed fund resulting from a successful application to the Office of Science and Technology [OST] University Challenge Fund by the University of St Andrews along with Dundee and Aberdeen Universities. NESTech’s purpose is to provide funding at the riskiest stage of the commercialisation process and to bridge the gap between university research […]