Norfolk biotech startup to get $150,000 loan from city’s new “Innovation Fund”
A startup that’s developing implantable devices to help regenerate injured tissue is the first recipient under Norfolk’s “Innovation Fund.” Embody LLC, founded in 2014, will get a $150,000 loan from the new venture-capital fund, which aims to help growing technology, science and health care companies. “We’re looking for ways to make Norfolk a more entrepreneurially […]
From prototype building to VC investment, Ohio State University more active in nudging technology to market
Ohio State University is taking a more hands-on approach to getting technology from its labs to market, from regulatory help to prototype building, in hopes of boosting the odds of a commercial success. “We have taken the active initiative of taking early stage inventions such as pharmaceuticals, engineering and other inventions and perform the proof […]
U Iowa diagnostics company gets $5.1 million of financing from state funding, other
VIDA Diagnostics of Coralville has completed $5.1 million of new investment funding, which will help commercialize the company’s lung imaging software and associated precision services. The funding was led by Chartline Capital Partners of Wilmington, Del., Rittenhouse Ventures of Philadelphia and Next Level Ventures, Rural Vitality Fund II and the Iowa Seed Fund, all based […]
Here’s what’s next for The W Fund, an early-stage venture fund focused on university spin-outs
Since The W Fund launched more than four years ago in Seattle, it has invested $20 million across 17 early-stage companies that spun out of the University of Washington and other research institutions across the state. Now, as the venture capital firm wraps up new investments from its first fund, what’s next? Linden Rhoads, the former […]
UT Research Foundation Announces Maturation Fund Recipients for 2017
Improved wireless charging technology for consumer electronics, development of higher-value-added material from waste produced during biofuel production, and novel materials for 3-D printing are among the recipients of this year’s maturation funding from the University of Tennessee Research Foundation, announced Thursday. “UTRF is delighted to provide maturation grants to accelerate the further development of these […]
Inova launches investment fund to find personalized medicine innovators
Inova Health System, the giant nonprofit hospital network serving Northern Virginia, is creating a new start-up incubator and investment program focusing on “personalized” medicine innovations. Executives say they plan to invest at least $100 million over the next three to five years making $2 million to $5 million bets on promising young companies with products […]
New $10M fund aims to aid Wisconsin startups
Northeastern Wisconsin’s nascent startup culture will get a much-needed boost next year. A $10 million boost, to be more specific. Maybe more. The Winnebago Seed Fund wants to raise at least that much money to invest in 10 to 14 startup companies over the next four years beginning in 2017, fund manager David Trotter said. […]
How Canada can provide a powerful spark for innovation through an SBIR-like program
“Government is a big buyer with many complex challenges. Entrepreneurs with innovative solutions to these problems should have a shot at solving them, don’t you think?” This was a question asked this fall by federal Minister of Small Business and Tourism Bardish Chagger in a speech she gave to celebrate Small Business Week in Ottawa. […]
University of South Florida seeks to build $10M startup fund
The University of South Florida has received a federal grant to create an early-stage seed fund aimed at helping retain Tampa area businesses. Seed Tampa Bay, from USF’s Innovation Enterprise and funded by a $250,000 U.S. Economic Development Administration grant, will invest in tech-oriented startup firms with high growth potential. By 2019, USF hopes to […]
StartUP FIU Pitch Day brings early-stage ventures to investors
More than 300 came out to StartUP FIU’s first-ever Pitch Day on Tuesday, where entrepreneurs were given the opportunity to present their ideas to a group of angel investors and venture capitalists. Of the startups that took the stage, five were invited to continue in investor discussions The companies include: Bid Aero, a sourcing and […]