Kenya Investment Authority creates a state-backed new venture fund
The government plans to buy stakes in small and medium sized start-ups that have no access to credit from banks to accelerate enterprise and jobs growth This will be done through a State-backed venture capital fund, which will provide funding and technical support for businesses that have difficulty accessing loans from banks or capital markets.
MassVentures launches under new name, seed fund
First-time entrepreneurs and companies needing bridge funding from seed to Series A rounds will have another avenue to get funding thanks to the state’s venture capital arm, the Massachusetts Technology Development Corporation. The MTDC, which will now operate as MassVentures, will manage a new $5 million investment capital fund to provide bridge funding needed by […]
New Hampshire Incubator to launch a new fund
An entrepeneur who wants to bring new business to the Granite State has teamed up with 20 investors and a group of executives to launch a new fund and startup competition.
An entire story about BioPharma corporate R&D gap funds (with no mention of universities)
I couldn’t believe it either. A really good article released from GEN (Genetic Engineering and Biotechnology News) underscores an emerging trend in pharma pre-seed gap funding investment in R&D as an answer to a retraction of early stage VC from biotech and pharma sectors. One issue, how can you have a conversation about “Drugs” +”R&D”+”external partnerships” […]
GA Science and Technology Accelerator Program supports product development
The Science & Technology Accelerator Program is meant to fill a crucial gap in research funding caused by the increasing hesitance of investors to risk support on early-stage innovations. It is funded solely through philanthropic contributions that are given directly to the program. Unlike research traditionally funded by the American Heart Association through grants, the […]
$8.25 million Seed Fund for Early-stage Life Science Companies: BioCrossroads Forms Indiana Seed Fund II
INDIANAPOLIS, April 30, 2012 /PRNewswire via COMTEX/ — BioCrossroads announced today the formation of the Indiana Seed Fund II (the Fund), an early-stage capital fund focused on identifying, creating and developing the next generation of Indiana-based life sciences companies. The $8.25 million fund is a follow-on to the Indiana Seed Fund I, a $6 million […]