Ontario Investing in Health Innovation and Research
The Ontario Health Innovation Council (OHIC) was established by the Ontario government in November 2013. It included experts from the health care, research, industry, and not-for-profit sectors who looked at ways to accelerate the adoption of new technologies in the health care system and support the growth and competitiveness of Ontario’s health technology sector. The […]
State taps Rochester-based Excell Partners to manage new $2M fund
A Rochester-based venture capital firm has been tapped to manage a new $2 million investment fund launched by the state to provide seed funding to certified minority- and women-owned business enterprises. Gov. Andrew Cuomo announced Friday the MWBE Investment Fund will be managed by Excell Partners Inc. “The launch of this first-of-its-kind investment fund will […]
Ohio Capital Fund notches 8.7 percent return on investment since 2006 founding
Ohio’s $150 million state-backed fund for venture-capital investments is showing stronger returns and has attracted more than $1 billion investment to the state, but still is performing below expectations. The Ohio Capital Fund LLC has generated an 8.7 percent annualized return from 2006 through the end of last year, fund managers on Thursday told the […]
Virginia universities receive $220K on ag research grants
At its recent meeting in March, the Virginia Agricultural Council (VAC) reviewed research project proposals and funded 21 new projects totaling almost $220,000, as well as more than $45,000 for four new projects for lawn and turf research. It also extended funding for a second year on five projects totaling nearly $50,000. In 1966 the […]
Innovation Fund 2 is NC’s Investing Tool into Growth Startups
Last Wednesday, N.C. Treasurer Janet Cowell talked to investment leaders such as Falfurrias Capital Partners’ Hugh McColl and Bull City Venture Partners’ Jason Caplain. The goal of the discussion was to update private equity on the return’s of North Carolina’s first investment fund and to announce the second larger fund. The first fund -Innovation Fund – was and a […]
State allocates $250M for second N.C. Innovation Fund – Triangle Business Journal
On Wednesday, State Treasurer Janet Cowell announced a new $250 million North Carolina Innovation Fund. Two-thirds of the sum will be earmarked for co-investments in diverse industries, including growth sectors in the state. The remaining third will have a multi-stage focus, according to Cowell’s office: venture, growth, buyout and mezzanine. The announcement, made alongside former […]
University of Oregon spinoff companies receive state innovation grants
Two companies spun out of research conducted at the University of Oregon are among five Oregon startups that will share $300,000 in state innovation grants for small businesses. The companies — SupraSensor Technologies and NemaMetrix — will receive a combined total of more than $110,000 from Business Oregon, the state’s economic development office, to help […]
$35M OSU-OU venture capital fund ready to launch
Three years after its unveiling, the $35 million venture-capital fund being pooled by Ohio State University and Ohio University is taking concrete steps toward launching. The OSU-OU Innovation Fund has selected a managing partner and expects to announce the pick this month, pending final contract negotiations, said Stephen Golding, Ohio University’s vice president for finance […]
Meet the 10 startup grads from the Portland Seed Fund
A new crop of startups from across Oregon graduated today from the Portland Seed Fund. The companies just completed a 3-month bootcamp as part of the fund, which has now graduated six classes and 56 companies in its four years of existence. Many of the startups raised separate investment rounds while in the program, including […]
Chicago Innovation Exchange announces six finalists for grant
Chicago Innovation Exchange (CIE) announced the six finalists now in the running to receive backing from the Innovation Fund in a statement released last week, including proposals for a new drug to test for multiple sclerosis and a series of data collection tools able to transmit data without Internet, among others. The Innovation Fund, run […]