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 […]

Dragon Fund, A Drexel University Student-led Fund, Secures $1mm for investment

The student-managed portfolio, called the Dragon Fund, began in 2007 with a $250,000 contribution from Drexel. The university contributed another $100,000 in 2011 and then $500,000 in May. The fund has gained more than $150,000, due to the investments made by the students. “The fund has performed quite well. It has beaten

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 […]

University of North Carolina Wilmington Announce New Venture Fund

University of North Carolina Wilmington officials on Friday announced the creation of a venture capital fund to “support business and economic development” in the Wilmington area. The proposed fund will be part of the school’s Entrepreneurship Center, which will be renamed the Center for Innovation and Entrepreneurship when it opens in a new off-campus building […]

Kickstart Seed Fund Raises $26M For Mountain West Start-ups

Kickstart Seed Fund, the venture organization created to support startups in the Mountain West part of the United States, has raised $26 million to support its second fund. In the process, it has also added two industry veterans to its management team: Former Skullcandy VP of Global Business Development Clarke Miyasaki and former vSpring/Signal Peak Director of […]

University of Illinois At Chicago, illinoisVentures Launches New $10M POC/Seed Funds

The University of Illinois at Chicago is launching a $10 million fund to help inventions advance from the research stage toward potential commercial opportunities, becoming the latest academic institution in the area to channel increased resources toward homegrown startup activity. The Chancellor’s Innovation Fund will allocate $2 million a year for five years. Each year, […]