MIT venture fund raises $150 million for technology startups 

Massachusetts Institute of Technology’s new investment fund raised more than $150 million to support startup companies developing scientific and technological innovations. MIT said Thursday that it contributed $25 million to the Engine Accelerator Fund I, which the Cambridge, Massachusetts-based university controls. The rest of the money was raised from a small group of unidentified investors […]

Davidson Alumna Receives $50,000 for Start-Up during Venture Fund Pitch Day Competition 

On February 24, 2017 in the Alvarez Student Union, five finalists competed for the opportunity of a lifetime: $50,000 awarded to fund one winner’s start-up company. Venture Fund Pitch Day, hosted by Davidson Innovation and Entrepreneurship (I&E), is an opportunity to learn, experience, and gain public exposure for one’s idea. Venture Fund is a “program […]

Start-up funding fest to be held in Bengaluru, India

Natio Cultus Consultancy will conduct a start-up funding event, India Fund Fest, in Bengaluru on May 12. As many as 50 start-ups will get an opportunity to pitch before investors in the maiden edition of the festival. The firm is also planning to take the festival to Hyderabad and Lucknow. The second edition will be […]

Dublin City University IoT sensor firm AmbiSense gets €1m from Atlantic Bridge Fund in Ireland

Founded as a research project within Dublin City University (DCU) in 2008, AmbiSense went on to become an Enterprise Ireland High Potential Start-Up in 2014, led by co-founders Stephen McNulty, Dr Fiachra Collins and Prof Dermot Diamond. Working within the booming field of the internet of things (IoT), the company designs and manufactures low-cost, smart, solar-powered, gas […]

DOD’s $250 million rapid innovation fund

The Pentagon will begin taking submissions for its Rapid Innovation Fund (RIF) at the end of the month, according to a March 17 announcement. The fund is used to quickly test and integrate innovative technologies that solve critical national security needs. Mature prototypes may receive up to $3 million and will have up to two years to complete […]

Imperial College innovative projects receive funding thanks to new Excellence Fund

In her March 2016 President’s Address, Professor Alice Gast highlighted the importance of excellence in teaching and research.  She dedicated £1 million per year to reward excellence while promoting courageous and innovative ideas in research and teaching. This is part of Imperial’s strategic commitment to invest new funds to pursue new and risky ideas. The Excellence […]

MCCC fund to help provide capital for local start-up businesses

Jennifer Green doubled over in her chair, breathing rapidly with her hand to her face. Echo, a 16-month-old chocolate lab, recognized the signs of a panic attack and sprang into action, nuzzling his owner’s hand and climbing onto her lap to apply pressure to her chest to help calm her down. Green, however, wasn’t really […]

Canada Foundation for $1.3M in innovation funds five new leadership awards at UCalgary 

Five University of Calgary researchers have been awarded Canada Foundation for Innovation John R. Evans Leaders Fund (JELF) awards, valued at over $1.3 million. Announced today by the Honourable Kirsty Duncan, Minister of Science, the awards will support research in the Cumming School of Medicine, the faculties of Kinesiology and Arts, and the Schulich School […]