TEDCO reaches ‘dramatic crossroads,’ taking on 5 times more venture responsibility
Maryland Technology Development Corp.’s new board chair, Newt Fowler, is stepping in as the investment agency’s responsibility grows five-fold. TEDCO this year will take over disparate investment programs from Maryland’s Department of Business and Economic Development, most notably the state’s Maryland Venture Fund. All told, the shift will put an additional $100 million under TEDCO’s […]
Indiana University College of Arts and Sciences announces $4.46 million gift, will create funds
The College of Arts and Sciences at Indiana University Bloomington announced today a gift of over $4.46 million from alumnus Lawrence M. Blatt, a pioneering virologist and the founder of Alios BioPharma Inc. Blatt’s gift will provide funding for an array of new and ongoing endowments in the College of Arts and Sciences. Among them, […]
U Texas/Sanofi Partnership Illustrates Biomedical Research Turning More to Private Funds
The pharmaceutical company Sanofi will fund up to $2.4 million a year in biomedical research at the University of Texas System under a deal announced Thursday, the latest in a trend toward more research funding from private industry as government research money dwindles. The university system and multinational company called the agreement a mutually beneficial […]
University of Chicago Innovation Fund Awards $150,000 to Therapeutic Human Exosome Project for Multiple Sclerosis & Migraine; Two Other Projects Also Receive Significant Funding
On July 7, 2015, it was announced that three teams from the University of Chicago and Argonne National Laboratory are one step closer on the journey to commercializing their innovative discoveries and technology. They have each been selected to receive funding from the University of Chicago Innovation Fund. The Innovation Fund awards grants and invests […]
Zells donate $60 million to University of Michigan, support funds
The University of Michigan’s business school is set to receive $60 million from the Zell Family Foundation, which has now donated more than $150 million to the university over the years. The money will go to extend programs at the Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies and create new ones. “This […]
U Illinois Announces Newest Round of POC Recipients, 7 Awards
The Office of Technology Management (OTM) is proud to announce the 2015 awardees of the Illinois Proof-of-Concept Funding Program (I-POC). I-POC funds development projects that will help demonstrate an innovation’s viability to potential investors and partners. 2015 I-POC Award Recipients: This year’s I-POC award recipients were selected from a stellar pool of applicants from colleges […]
TEDCO program lets startups borrow veteran executives – Baltimore Sun
Plenty of small businesses seek out bank loans. But now Maryland startups can borrow an executive. A new program is lending young companies some human capital to help advance their businesses. The Maryland Technology Development Corp., better known as TEDCO, has provided a half-dozen companies with experienced executives as often as two days a week […]
University of Michigan’s Zell Lurie Commercialization Fund Invests in Reveal Design Automation
The Zell Lurie Commercialization Fund, in collaboration with the Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan’s Stephen M. Ross School of Business, today announced that it has invested in Reveal Design Automation, an Electronic Design Automation (EDA) start-up developing software tools for formal verification of complex semiconductor […]
New NH venture fund model links alumni investors
Talk to anyone in the startup ecosystem about potential barriers to forming a company and they’ll point to the lack of seed and early-stage funding. It’s one of the most critical components for turning an idea or prototype into a business, but few investors are willing to take the risk to invest in the potential […]
CIT GAP Fund Invests In Type Zero Tech, Diabetes Software solution
Virginia’s Center For Innovative Technology (CIT), the nonprofit corporation which receives state funding to drive innovation and entrepreneurship in Virginia, has invested via its CIT GAP Fund in Charlottesville, Va.-based TypeZero Technologies. TypeZero is a health-tech startup that specializes in developing tech to manage and treat Type 1 and Type 2 diabetes. While financial details of […]