Disruptive Technologies Innovation Fund Benefits Companies in EU
Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen has congratulated the four Limerick “groundbreaking projects” that have received €17.2 million under the first round of the Disruptive Technologies Innovation Fund. The successful Limerick projects are: A consortium including Curran Scientific, Raheen, will receive a maximum of €8.4 million towards a […]
Israel, Poland Launch Corporate-Startup Co-Innovation Program
Israeli and Polish organizations have signed a 10-month innovation plan, supported by the Israeli government and the Polish Ministry of Technology and Entrepreneurship, which will see large corporations share their innovation needs and challenges with startups and individual entrepreneurs from both countries. The goal is to identify solutions to those challenges, forming startups around them, […]
UK universities awarded £25.5m EU funds for innovative digital projects
The European Innovation Council (EIC) has selected 38 innovative projects to develop new ideas towards radically new future technologies. Nine out of the 38 projects involve UK universities. In total, the projects will receive £110m (€124m) under the future and emerging technologies (FET Open) strand of the EIC pilot, run under the EU’s research and […]
University of Glasgow startup attracts seed funding
A startup founded by a University of Glasgow graduate which enables businesses to gain insight from customer support conversation data has secured £115,000 in seed funding. Prodsight, set up by Tadas Labudis, will use the cash injection to hire key staff over the next 12 months to improve its product and grow the customer base. Lithuanian-born Tadas has been an entrepreneur […]
Cambridge Innovation Capital leads AudioTelligence’s seed funding
Cambridge Innovation Capital plc (CIC), a Cambridge-based builder of technology and healthcare companies, has led a £3.1 million seed funding round into AudioTelligence Limited, a company delivering real-time audio processing technology for the enhancement of Automatic Speech Recognition (ASR) systems. Cambridge Enterprise, the commercialisation arm of the University of Cambridge, and two Cambridge-based business angels […]
Cambridge faculty launch £100m science & technology fund with more cash to come
A $10 million investment in genetics business Cambridge Epigenetix has christened a sensational new $100m fund founded by an octet of Cambridge Dontrepreneurs – university scientists backing world-leading pioneers in technologies ranging from Artificial Intelligence to brain research and genetics. Cambridge Epigenetix was founded by Sir Shankar Balasubramanian, one of the new Ahren fund’s superstar […]
Strathclyde shares in £1 billion funding for innovation
The University of Strathclyde is set to benefit from a UK-wide £1 billion funding boost to help create the technologies of tomorrow. The UK Government funding will expand successful ‘Catapult Centres’ which act as drivers for innovation across the country, including three in which Strathclyde is a partner: the High Value Manufacturing Catapult, the Offshore […]
Nationwide venture fund makes second strategic startup investment in U College London spinout
Nationwide Building Society has participated in a $1.8 million seed funding round for a GDPR-compliant data sharing startup spun out of University College London. Founded just 18-months ago, Hazy’s online platform automatically anonymises datasets shared between business entities, using AI to sniff out personal data buried in files. GDPR legislation means that use of anonymisation […]
NUI Galway medtech accelerator returns
The NUI Galway-hosted medtech accelerator BioExcel is open for entries for its 2018/2019 cohort. The programme allows participants to build and commercially validate their technologies by working with existing entrepreneurial networks, mentors and management team. Funded by Enterprise Ireland, Western Development Commission, Galway University Foundation, Bank of Ireland seed and early stage equity fund, BioExel […]
Business idea cultivation at the University of Malta
The fifth edition of the Takeoff Seed Fund Awards (Tosfa) saw €100,000 being distributed between seven promising start-ups and proof of concept projects. This year’s increasing interest and sheer quality of entries marks another healthy milestone for the ground-breaking scheme initiated a few years ago between the Economy Ministry, the University of Malta’s Centre for […]