New early-stage venture fund forming with eye on Pittsburgh startups
Pittsburgh-area entrepreneurs will soon have another funding option for growing early phase startup companies. Pharmaceutical giant GlaxoSmithKline has thrown its support behind the creation of a $100 million venture capital fund, which will help meet a need for early stage business startup capital in the Pittsburgh area. Philadelphia-based SG3 Ventures anticipates awarding its first round […]
Rogue launches new venture fund with Oregon State
Portland investment firm Rogue Venture Partners is launching a new startup fund with Oregon State University. Rogue has already raised $4 million for the current fund and hopes to raise between $10 million and $20 million by the end of that, according to Tom Sperry, the firm’s managing director. He said Oregon State has committed […]
New Iowa startup investment fund on the horizon
A new fund that would invest in Iowa startups is in the works after receiving certification from the state. River Glen Venture Partners aims to raise a pool of $25 million it would invest in early-stage companies, fund founder Matt Busick said. “We think that’s the right number to build a portfolio over four to five years of 10 (startups) […]
Purdue Ventures to Oversee Startup Investments
The combined investment resources for Purdue University-affiliated startups will now be managed by a single entity. The newly-created Purdue Ventures will oversee the deployment of $37 million in investments from the Purdue Research Foundation’s multiple funding resources. Dan Hasler, president and chief entrepreneurial officer of the Purdue Research Foundation, says it makes sense to put […]
ENGINE grants provide funding for College of Engineering faculty entrepreneurs
Three projects have been selected for funding through the College of Engineering’s ENGineering for Innovation & ENtrepreneurship (ENGINE) grant program. Now in its second year, the program provides financial support to faculty to help transition their early stage research results through a proof-of-concept phase, with the ultimate objective of forming a startup company or licensing […]
Syracuse CASE Awards Three University-Industry $50,000 Grants for Collaborative Research
The Center for Advanced Systems and Engineering (CASE) at Syracuse University announced the winners of its inaugural University-Industry Seed Funding Competition. This unique program provides New York State companies with an opportunity to receive up to $50,000 in leading-edge University-based research and development with no immediate matching investment. The competition, announced in October, was open […]
Maryland TEDCO’s $1 billion economic impact could be bigger
The Maryland Technology Development Corp. contributed $1 billion to the state’s economy and created more than 4,000 jobs in 2015, according to a new study. In a December report, nonprofit research firm Battelle described TEDCO’s economic impact as a significant and growing contribution to Maryland’s economy, but also pointed to room for improvement. TEDCO lags […]
Purdue University $10M Fund Focuses on Startups
Purdue University has announced a $10 million fund for entrepreneurs to launch businesses. The Purdue Startup Fund will be jointly funded by alumni of the university and the Purdue Research Foundation. Purdue Foundry Director of Venture Capital and Funding Resources John Hanak says he expects the new fund to boost startup activity. “What makes this […]
University of Chicago to Get $50 Million From Venture Capitalist
Nearly four years ago, the venture capitalist Michael Moritz donated $115 million to his alma mater, the University of Oxford, to bolster the British university’s financial assistance efforts. Now Mr. Moritz, the chairman of Sequoia Capital, and his wife, Harriet Heyman, are providing a similar gift for an American institution. The University of Chicago plans […]
MichBio report outlines path to continued life sciences industry investment, gap funding
A new roadmap aims to reboot efforts to build Michigan’s life sciences industry and compete with similar clusters around the U.S. and the world. While the industry has come far in the last decade-plus and offers “strong assets,” it remains uncompetitive compared to other states and requires a renewed private- and public-sector effort to grow and […]