University of Michigan set to invest in four in-state companies
University of Michigan Board of Regents, Ann Arbor, approved investment agreements for four potential investments under the State of Michigan Conflict of Interest statute from Michigan Investment in New Technology Startups, a venture capital fund co-managed by the university’s investment office and its Office of Technology Transfer.
IDEA: Northeastern’s Venture Accelerator launches first wave of ventures
In fewer than two years, IDEA has worked with more than 200 ventures from every college in the university and provided approximately $150,000 in funding to more than a dozen teams, many of which have drawn interest from outside investors. The venture accelerator is in position to dole out some $200,000 in funding within the next year.
i2E, Oklahoma Seed Capital Fund, and OSU Cowboy Technologies Invest $250K Round in Associated Material Processing, LLC
i2E, Inc. (Covered in our MTG Leader State-partnered Gap Fund Event), has made a concept investment of $125,000 in Stillwater, OK-based Associated Material Processing, LLC., through the Oklahoma Seed Capital Fund. The Seed Fund investment led an investment round of $250,000 from co-investors that included OSU Cowboy Technologies and a member of i2E’s SeedStep Angels […]
Pennsylvania University Partnership Funds Translational Research Through The Energy Commercialization Institute (ECI)
Alternative energy research projects involving four faculty members from the University of Pennsylvania have been awarded grants from the Energy Commercialization Institute,a translational-research partnership that draws upon several regional universities.
CIT GAP Funds puts $50K into Cyber Security Technology
Virginia’s Center for Innovative Technology has invested $50,000 in Power Fingerprinting Inc. The investment from CIT’s GAP Fund will be used for further development of Power Fingerprinting’s technology that detects embedded security threats in computer systems in order to thwart malicious cyber attacks.
U-M awards first $100K translational medical research award
Administrators at the University of Michigan’s A. Alfred Taubman Medical Research Institute announced Monday the winner of the first $100,000 translational medical research award.
Invest Illinois supports four Champaign-Urbana area start-ups
Four startup companies with ties to the Champaign-Urbana area have been approved to receive equity investments from the state’s new Invest Illinois Venture Fund.
Ben Franklin’s Energy Commercialization Institute awards translational research grants to area universities
The Energy Commercialization Institute (ECI), the region’s first university-based energy commercialization partnership, has awarded $500K to five university-based translational research and commercialization projects. The funding is intended to jump start promising technologies and help build southeastern Pennsylvania’s alternative energy infrastructure.
GlobeSherpa, a Portland State student-led venture, moves forward in convenient transit application
Riding TriMet buses and trains in Portland may soon become a paperless, machine-less and generally more convenient experience ifGlobeSherpa has anything to say about it. The 2-year-old company has created a mobile system that lets riders buy tickets on their phones. The completely paperless platform would also give TriMet an easier way to manage operations and even provide […]
Gap Funding Helps University of Illinois at Chicago Professors Commercialize Discoveries
Four technologies being developed by University of Illinois at Chicago researchers have been awarded the first UIC proof-of-concept gap funding grants, designed to help UIC faculty transition their inventions from the laboratory to the marketplace.