Michigan no longer a flyover state for venture capital
While Michigan has become a hot spot for startup funding, Detroit has been boiling in recent years, according to a new Michigan Venture Capital Association study. The 2017 Detroit Entrepreneurial Study revealed Detroit’s startup community has grown 50 percent in the past three years, now making up a quarter of the state’s fledging companies. Last year, 14 of […]
Deep tech start-ups may get $100m boost by SPRING Singapore
Up to half of the funds in the Startup SG Equity scheme could be set aside for start-ups working in the sectors of advanced manufacturing and engineering, health and biomedical sciences, and urban solutions and sustainability. That could mean around $100 million going to what are known as deep technology firms exploring opportunities in these […]
IoT start-up Drayson Technologies clinches £10m to fund “cutting edge” research at Oxford University
Healthcare tech business Drayson Technologies is celebrating the close of a £10m Series C investment round led by Woodford Investment Management, which will support the business’ “ground-breaking” research deal with Oxford University and its NHS Trust. As part of the funding round, Oxford University and the Oxford University Hospitals NHS Foundation Trust (OUH) will receive […]
Light Polymers Closes $5m Series B Strategic Funding Round with Tokyo Electron and Tsingda International Venture Capital
Tsingda International Venture Capital is part of the Tsinghua Innovation Center in Dongguan (TICD), which is a joint venture fund between the Dongguan Government and Tsinghua University according to McConnaughey. Tsingda brings us a powerful partner in China to accelerate our chemistry material technologies in a number of areas. Light Polymers will set up a […]
Indiana University plots new VC fund amid agency revamp
Indiana University wants to do a better job helping startups affiliated with its community access capital, talent and office space. So it’s revamping a 20-year-old agency and gearing up to launch a new venture capital fund. Earlier this week, IU announced that it is reorganizing its Indiana University Research and Technology Corp., a not-for-profit organization […]
UC Riverside Launches $10 Million Highlander Venture Capital Fund
The University of California, Riverside has created a $10 million Highlander Venture Fund (HVF). The Highlander Fund, created with Silicon Valley’s Vertical Venture Partners, will provide seed capital to qualified opportunities within the university for students and faculty members, and entrepreneurs from Riverside County. The fund will target technologies that can be matched with a […]
Research Center IMEC creates smart tech VC fund, targets €100 million
The imec.xpand fund is targeting a total of €100 million to €120 million (up to about $135 million) and has already secured a significant amount of that according to Tom Vanhoutte, who is a manager of the fund alongside Peter Vanbekbergen. The fund is looking to support ideas and projects across the range of hardware […]
Sanovas Prepares for Global Expansion by Creating Innovation Center and Venture Capital Fund in China
Sanovas, Inc., a Life Science technology company innovating the next-generation of micro-invasive medical technologies, announced today that it has achieved an agreement with the People’s Government of Suzhou, China, to establish a venture capital fund and Innovation Center at the Suzhou Institute of Nanotechnology and NanoBionics (SINANO) at the Chinese Academy of Sciences located within […]
Five-yr Performance Study Shows PE Investment Through FOFs Just as Good as Direct Investment in VC funds
Private-equity investments can be enticing, but also complicated. It can be expensive for institutional investors, endowments, and pension funds to find and monitor private-equity investments—which can then be illiquid and difficult to scale. A private-equity fund of funds, which holds a portfolio of other funds, potentially provides diversification and economies of scale, as well as […]
Venture capital firm bets on New Mexico
When Brian Birk, the managing partner of Sun Mountain Capital, talks about venture investing in New Mexico, his voice projects an almost evangelical fervor. The man is a believer: “New Mexico is a technically sophisticated place with a very deep talent pool,” he said. “Look at Silicon Valley. There are startups everywhere, but little innovation. […]