$20-Million Fund Will Support Innovation at Ontario’s Colleges
The new $20-million Colleges Applied Research and Development Fund (CARDF) announced by Premier Kathleen Wynne will promote new economic growth, the Ontario Centres of Excellence and Colleges Ontario said today. “College-based applied research projects continue to develop innovations that help businesses throughout the province grow and create new, high-quality jobs,” said Linda Franklin, the President […]
University of Akron unveils $500K Spark Fund program to fund student, faculty innovations
The University of Akron Research Foundation is unveiling a new program called the Spark Fund to help develop new innovations and technologies among graduate students and faculty.The program, which aims to foster innovations leading to university start-ups, will pay to prototype and test five to seven innovations in 2017, thanks to matching funding from the Ohio […]
Israeli VC Pitango launches its 7th early-stage fund of $175M | TechCrunch
Pitango Venture Capital, one of the most active VCs in the Israeli startup scene, has announced its seventh fund, Pitango Venture Capital 7. The fund will have $175 million under management, and invest from seed upwards. The new fund focuses on IT and life science investments, specializing in enterprise infrastructure, IoT, artificial intelligence and digital […]
University of Chicago Investing $25M From Endowment Into Its Own Startup Companies
The University of Chicago is pulling $25 million from its endowment to back business ideas from faculty, students and alumni. The university on Friday announced it will tap into its $7.1 million endowment to provide funding for startup companies founded or that include people from the university or ideas developed on the Hyde Park campus. […]
Michigan State University Foundation Launches $5M Venture Fund, Red Cedar Ventures LLC
[fusion_text]The Michigan State University Foundation (MSUF) announced today the formation of its new, $5M venture investing subsidiary, Red Cedar Ventures. Its newest program features both a pre-seed fund and an opportunity fund focused on helping Michigan State University-based startups and technologies overcome critical funding gaps, accelerate growth, and provide follow-on, growth-stage capital. “We have been […]
Tsinghua University’s Redbud Capital To Launch $150M Venture Fund-Of-Funds
Redbud Capital, an investment platform under Tsinghua Holdings, has teamed up with the State-owned Assets Supervision and Administration Commission (SASAC) of Yiwu City and Zhejiang China Commodities City Group to launch a RMB1 billion (US$150 million) fund-of-funds focused on venture capital. The new vehicle will invest in venture funds, says an announcement without elaboration. It’s […]
NewYork-Presbyterian launches venture fund for digital health
NewYork-Presbyterian has formed an investment fund to drive growth of fledgling digital health companies. NewYork-Presbyterian has focused on advanced technologies for enhanced care delivery for years. The venture fund follows the 2014 launch of the NYP Innovation Center to implement cutting-edge technologies for both clinicians and patients across its hospitals and clinics. Earlier this year, […]
MIT starts $25M venture fund
[fusion_text]The Massachusetts Institute of Technology has spawned a dazzling array of innovations in its 155-year history, from disposable razors to wind tunnels to radar. Now, the university wants to open up its checkbook to turn the next generation of big ideas into businesses. On Wednesday, the school said it was raising $150 million for a […]
Third Rock Ventures Raises $616 Million Fund IV for healthcare tech
Third Rock Ventures, LLC announced today the closing of Third Rock Ventures IV, LP (“Fund IV”), raising $616 million in an oversubscribed fund. With Fund IV, the firm will continue to execute on its strategy of creating innovative healthcare companies to make a meaningful difference in the lives of patients and their families. Since launching […]
UC Riverside launches innovation center, seed fund for entrepreneurs
A new University of California, Riverside-driven effort launching Wednesday will help turn Inland Empire entrepreneurs’ and innovators’ ideas into reality. The Entrepreneurial Proof of Concept and Innovation Center, or Riverside EPIC, will be a launch pad for entrepreneurs and startup companies, providing resources for training, mentors and connections to investors and partners. The official kickoff is 3 […]