Natural Gas Vehicle Start-up, Simple Fill, Lands $1M From Ohio State University and Ohio Third Frontier
Simple-Fill, a startup developing technology to allow vehicles running on compressed natural gas to fill up at home, has received an initial investment from a fund backed by Ohio State University and the Ohio Third Frontier program. Simple-Fill’s CNG technology came from engineers at Ohio State University’s Center for Automotive Research. Its undisclosed investment came from the […]
Singularity University to launch $50 million venture fund to tackle the world’s ‘grand challenges’
Forward-looking startups will have a chance at $50 million later this year when Singularity University, an education center and accelerator based at Mountain View’s NASA Ames Research Center, launches its first venture fund. The university will begin raising capital during the second quarter of 2014, according to managing director of new venture development Sandy Miller. The fund will […]
Virginia Innovation Partnership Awards $800,000 to University Research Projects
A statewide network designed to accelerate innovation and economic growth has awarded $800,000 to 18 university research projects in Virginia. The Virginia Innovation Partnership, created in 2012 as part of the U.S. Department of Commerce’s i6 Challenge, provides funding that allows university researchers to advance early-stage work through the “proof of concept” stage, in which […]
Life Sciences Discovery Fund Announces $1.1M to Five Projects
The Life Sciences Discovery Fund (LSDF) today announced $1.1 million in five Proof of Concept grants to Washington for-profit and non-profit organizations to foster the translation of health-related products from the laboratory into the commercial marketplace.
Ryerson University Healthcare Photo Sharing Spinout, Figure1, Raises $2M
Digital Media Zone at Ryerson University (DMZ) alumnus company Figure1 announced today that it has raised $2 million in seed funding. Figure 1, the startup behind the popular healthcare photo sharing app of the same name, incubated at the DMZ from December 2012 to August 2013 and also completed the Ryerson Futures accelerator program.
University of Florida 3D Modeling Start-up, Paracosm, Lands $300K From State Commercialization Program
Gainesville-based Paracosm has secured $800,000 in private and public funding to advance its 3D modeling and navigation software. The funding includes $300,000 — announced this week — from the Institute for the Commercialization of Public Research. The institute, which has an office in the University of Florida Innovation Hub, funds and mentors companies that spin […]
University of Brussels Natural Products Start-up, Bioxodes, Nabs $3.5M In Seed Funding
Bioxodes SA, a company developing products derived from natural sources, has completed a EUR 2.6 million (USD 3.5 million) first seed funding round with a consortium of business angels and Belgian investment funds. EUR 1.6 million is from the European Regional Development Fund (ERDF) and the Walloon Region in Belgium via the Retech program for […]
Imperial College of London Solar Spin-out, BBOXX, Converts On $1.5M In Venture Funding
An Imperial spinout company that brings solar energy products to developing countries lands a major investment from a Silicon Valley financier. The company BBOXX, a provider of solar power technology systems for homes in developing countries, has received a $US 1.5 million investment from Vinod Khosla, one of the founders of the computer company Sun Microsystems […]
UIC Announces $400K In Awards From Chancellors Fund
The UIC Chancellor’s Innovation Fund (CIF) was established by the UIC Office of the Chancellor to enhance the Proof of Concept (POC) Awards Program’s capability to bridge the gap between basic research and commercialization. The CIF is a $10 million hybrid proof-of-concept and equity investment fund to be disbursed over five years. One million dollars […]
Tech and Start-up Gap Funding Q3 2013 report released
Gap funding at universities is a direct response to the capital gap formed by fleeting sources of traditional technology and start-up development capital. These funds are active at over 100 universities and supplement important stages innovation evaluation and commercialization. They have demonstrated impact in commercialization rates, return on investment, attraction of third-party investors, and economic […]