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 […]
MIT MISTI Global Seed Funds winners announced
Since 2008, the Global Seed Funds Program (GSF) has funded more than 530 faculty-led projects in over 70 countries. From engineering medical diagnostic devices in Mexico to exploring science, technology, engineering, and mathematics (STEM) education in Israel to building the framework for a self-sustaining community of electricity prosumers in Italy, GSF funds projects that confront worldwide […]
CIT sets Charlottesville area up as fastest growing for startup investment in U.S.
The Charlottesville area has been the country’s fastest-growing market for venture capital investment since 2010, according to a national report. The number of companies receiving venture capital funding, according to a report from the National Venture Capital Association, increased roughly 55 percent annually from 2010 to 2015, the highest growth rate of any market in […]
King’s College, Arizona State and New South Wales team up for global alliance, seed fund
International collaboration in the higher education sector has increased rapidly over the past decade. Recent figures from the Organisation for Economic Cooperation and Development show that between 2003 and 2012 the US saw a 33 per cent increase in the percentage of scientific documents produced through international collaboration, while more than 45 per cent of all […]
Bridging the gap: University of Texas Medical Branch technology commercialization program funds four promising technologies
UTMB researchers are making invaluable discoveries. However, how do the researchers get their breakthroughs out of the laboratory and into the marketplace? One of UTMB’s goals is to support its researchers and promote technology transfer and commercialization of their research discoveries. Under the direction of Dr. David L. Callender, president of UTMB, the Office of […]
Three Northeastern researchers are named Innovation Commercialization Seed Fund Winners
Massachusetts Technology Transfer Center (MTTC) has granted $360,000 to nine innovative projects across the Commonwealth. This program is funded by the Commonwealth of Massachusetts and provides grants to university researchers to help them demonstrate the commercial viability of their technologies. Three of the Nine Organizations and researchers each receiving $40,000 in funding under the MA […]
Purdue startup receives funding to accelerate innovation to treat MS pain
The Elevate Purdue Foundry Fund has awarded Neuro Vigor a $20,000 “Black Award” to accelerate commercialization of its drug therapy for pain in multiple sclerosis. “This early stage award is the result of a very competitive process and recognizes Neuro Vigor’s progress to date and its potential as a future target for other investors with […]
Illinois to invest $220 million in venture capital funds
The state of Illinois is getting back in the venture-capital business for the first time in several years. Treasurer Michael Frerichs says he’ll start investing more than $220 million of state treasury money with venture funds across the state. The Legislature first authorized the state to invest up to 1 percent of its funds in […]
Georgia’s long-stalled startup fund is set to place its first $3M bet
A long-stalled Georgia program that uses taxpayer money to attract more funding for homegrown firms is set to make its first investment with a plan to funnel $3 million into an Atlanta-based financial services venture capital fund.The investment in TTV Capital would be the first by the Invest Georgia program, a favorite of Lt. Gov. […]