Four Wilmington startups score NC IDEA nod
Four Wilmington startups are recipients and finalists of two NC IDEA grant programs, according to an announcement Monday. Wilmington based MyKinfo and Survei are NC IDEA MICRO grant recipients, chosen after a three-month competitive application and selection process. MyKinfo is an early-stage startup that participates in the mentorship program at the University of North Carolina Wilmington […]
MEDC Creates $3 Million Tech Startup Stabilization Fund To Support Second-Stage Companies
The Michigan Economic Development Corporation has created a $3 million Tech Startup Stabilization Fund to invest in early-stage tech startups in Michigan that are being impacted by the COVID-19 outbreak. Administered by ID Ventures , the Tech Startup Stabilization Fund will provide early-stage tech companies direct investments or loans that can be converted into equity. Investment and loan sizes […]
State Awards Pre-Seed Fund III to Michigan State University Foundation
EAST LANSING, Mich. –– The Michigan State University Foundation announced today that it has been named administrator of the Michigan Pre-Seed Fund III by the Michigan Economic Development Corporation (MEDC). The $3 million award, approved by the Michigan Strategic Fund, fits the non-profit mission of the MSU Foundation and will help further drive economic development by deploying this early […]
Statewide innovation and research effort includes $2.5 million for SIU
An effort at Southern Illinois University Carbondale that seeks to enhance research and innovation in Illinois food, entrepreneurship, research and manufacturing is among those that will benefit from a state funding proposal announced by Gov. JB Pritzker Wednesday. SIU’s “iFERM” hub is part of a statewide group created to boost the state’s economy through research […]
CIT GAP Funds 2019 Impact Report Showcases $28.8 Million in Capital Deployed to Date
The Center for Innovative Technology (CIT) today released the 2019 CIT GAP Funds Impact Report, detailing both return on investment and socio-economic impact made since the fund’s inception in 2005. A family of funds placing equity investments in Virginia’s high-growth based technology, life science, and cleantech companies at the earliest developmental stages, CIT GAP Funds […]
UPMC Enterprises commits $1 billion to life science investments
A corporate arm of UPMC will invest $1 billion over the next four years to develop new drugs, medical diagnostic and other devices by 2024, cranking a nascent economic engine in the Pittsburgh region while becoming a giant in venture funding for life sciences in Pennsylvania. The commitment announced Tuesday by UPMC Enterprises, the venture […]
TEDCO’s Maryland Innovation Initiative Infuses $2.63M in New Round of Projects
COLUMBIA, Md., Jan. 8, 2020 /PRNewswire/ — TEDCO, Maryland’s economic engine for technology companies, announced its recent round of funding for select projects through the Maryland Innovation Initiative (MII). This round of funding includes project grants for technology assessment and investments in the spin-out companies, from its five partner universities for a total of $2.63M. Established in 2012, the MII program was created […]
New investment fund validates momentum of Memphis startup ecosystem
The creation of a $1.3 million pre-seed investment fund aims to be another catalyst in developing Memphis startups. On Dec. 18, Epicenter and Emerge Memphis announced the fund — the result of the sale of the Emerge Memphis building at 516 Tennessee St. back in February. The buyer, Anchor Investments, plans to continue Emerge’s mission […]
$5M state grant will allow OU-led venture-tech program to grow
TechGROWTH Ohio, Ohio University’s Ohio Third Frontier entrepreneurial services provider, has been awarded $5.05 million by the state of Ohio in a competitive funding process for venture development services, according to a news release. The grant will be matched by OU and private organizations, allowing TechGROWTH to continue and expand services through 2022, the release […]
EU Plans $3.9 Billion Fund for Startups in ‘Valley of Death’
The European Union is planning a 3.5 billion-euro ($3.9 billion) fund that will invest in early stage technology in an effort to increase the pipeline of innovations that might someday take on giants in the U.S. and China. Traditional venture capital firms tend to avoid the costly and risky research needed to turn a scientific breakthrough into […]