New Mexico state pumps $40M into venture investments from tax fund
The New Mexico State Investment Council unanimously approved another $40 million from the Severance Tax Permanent Fund Tuesday for venture investments in local startup companies. The money will help replenish the SIC’s Co-Investment Fund, which makes direct investments in startups in partnership with venture capital firms. The new money raises SIC cash commitments to the […]
Alumnus seeds Swartz Center thats poised to draw innovation at CMU and in Pittsburgh
Carnegie Mellon University’s “hub for entrepreneurship,” the Swartz Center for Entrepreneurship, got its official start Tuesday in the best possible way — surrounded by CMU innovators hoping to take their companies to the next level. James Swartz, the co-founding partner of Accel Partners, a venture capital firm that has helped fund some of the country’s […]
Clemson University Research Foundation awards funds for technology development
The Clemson University Research Foundation (CURF) has announced six recipients of fiscal year 2017 Technology Maturation Fund awards. The CURF Technology Maturation Fund provides grants to faculty to support the last critical development step needed to move their technology to the marketplace. “There is no limit to innovation at Clemson,” said CURF director Casey Porto, “however, […]
Montana State University business accelerator receives $50,000 from U.S. Small Business Administration
An entrepreneurship support center for Montana State University students, alumni and faculty has won a $50,000 award from the U.S. Small Business Administration to help enhance its business accelerator program, 406 Labs. The Blackstone LaunchPad at MSU was one of 68 programs selected nationwide as winners of the Growth Accelerator Fund Competition on Aug. 31. […]
3 initiatives, $3M for startups: MEDC seeks to boost access to early-stage capital
A trio of initiatives from the Michigan Economic Development Corp. aims to increase the flow of capital to startups and early-stage companies in the state. By the end of the year, two separate but similar funds of $1 million and $2 million each could begin offering grants to university researchers and entrepreneurs seeking to validate innovations […]
University at Buffalo Seed Fund for Innovative Research Supports Faculty in 6 Departments
Eight faculty members from the Jacobs School of Medicine and Biomedical Sciences are conducting research supported by the Innovative Micro-Programs Accelerating Collaboration in Themes (IMPACT) program. “The IMPACT program supports cutting-edge research throughout the university, not just one particular discipline. We’re focused on projects that are new and innovative.” Kenneth M. Tramposch, PhD Senior associate vice […]
Rhode Island is boosting innovation grants to $1.5M
Gov. Gina M. Raimondo opened the second round of the state’s Innovation Voucher Program last week, soliciting applications from Rhode Island companies with fewer than 500 employees to apply for grants of up to $50,000 to fund research and development. About $1.5 million in funding is available in the 2016-17 fiscal year, the second year […]
Invest Georgia putting state’s money to work
Georgia’s state-run venture capital fund expects to allocate the first $10 million it received from the state by the end of the year, the fund’s executive director said Thursday. Knox Massey of Invest Georgia told a Georgia Senate study committee he is in “deep discussions” with two investment funds and in conversations with two others. […]
Enable Injections to triple Cincinnati workforce after landing $30 million in Series A funding
Enable Injections plans to triple its workforce as a result of $30 million in funding lined up by the Cincinnati health care company. The firm was founded in 2010 and now employs about 50, but it intends to add 100 workers by the end of 2018 as a result of the Series A funding. “It […]
BC $8.7M Investment Unlocks Canadian National Initiative To Accelerate Discovery And Innovation
Today the B.C. Government announced an $8.7 million investment in a national initiative to bolster Canada’s world-class rare-isotope capabilities. The contribution from the B.C. Knowledge Development Fund (BCKDF) supports TRIUMF’s Advanced Rare Isotope Laboratory (ARIEL), a two-phase multidisciplinary research facility that will advance our fundamental understanding of the world in which we live. The ARIEL […]