University of North Carolina at Chapel Hill Forms $5M Venture Capital Fund
The University of North Carolina at Chapel Hill has formed a $5m venture capital fund to support University startups. The Carolina Research Venture Fund will support University startup companies in overcoming funding gaps, accelerate growth and help move ideas from University labs to the commercial marketplace. The University already has a number of avenues through […]
SBA seeks investment fund managers for Early Stage Capital program
DENVER – The U.S. Small Business Administration is inviting experienced early stage investment fund managers to apply for licensing as part of SBA’s Early Stage Small Business Investment Company (SBIC) program. Licensed Early Stage SBICs may receive SBA-guaranteed debenture leverage up to a maximum of $50 million. “Our Early Stage SBIC program offers fund managers […]
Who benefits from NY $50M Venture Fund?
Empire State Development officials said a $50 million state venture capital fund will stimulate private venture capital among startups that lack funding, primarily in upstate New York. “Upstate [New York] is a priority and historically has been underserved as compared to New York City where there’s so much investment in digital media,” said Steve Cohen, […]
Canadian Federal government announces $16.5M Research Support Fund
A new Government of Canada initiative will provide $16.5 million to further the University of Alberta’s “world-class” innovation and research. Minister of State (Science and Technology) Ed Holder announced on Jan. 19 that the $16.5 million will stem from the Research Support Fund, which will distribute $342 million across Canadian post-secondary institutions over the next […]
Dartmouth Alum Fund Invests In Businesses With College Ties
A group of Dartmouth College alumni “angel investors” has established a venture capital fund to help businesses with connections to the college. “Angel investors” put up money to help entrepreneurs and start-ups to get off the ground and grow. The idea is less about turning a quick profit and more about nurturing a business. The […]
Fund helps startups find foreign investors
Companies trying to move from the research stage to getting a product to market face a number of challenges, including finding financing for the product or service. Western Canadian research parks, including Innovation Place in Saskatoon, are getting a boost at finding foreign direct investment in their research through a $125,000 fund by the Western […]
Illinois Ventures Fund Grants $125K to University Researchers
Researchers from three universities in Illinois have received the first batch of funding from IllinoisVentures, a University of Illinois-born fund that launched in October and aims to accelerate the commercialization of new technologies. Five researchers from the University of Chicago, Northwestern, and the University of Illinois at Chicago received a total of $125,000 in grants […]
Massachusetts Gov. Baker Announces $4M Grant to Fuel Printed Electronics Cluster
LOWELL, Mass. – Gov. Charlie Baker today announced a $4 million dollar grant from the Massachusetts Technology Collaborative (“MassTech”) to UMass Lowell to support development of a printed and flexible electronics industry cluster, an emerging field that has the potential to become a $76 billion global market in the next decade. The new Printed Electronics Research […]
IBM Watson Group Awards University of Texas at Austin Top Spot in Intercollegiate Competition
NEW YORK and AUSTIN, Texas, Jan. 15, 2015 /PRNewswire/ — IBM (NYSE:IBM) today announced the first winner of its Watson University Competition, part of the company’s partnership with top universities through its cognitive computingacademic initiative. The winning team of student entrepreneurs from the University of Texas at Austin will receive $100,000 in total in seed funding to help […]
Canadian CTI Life Sciences successfully raises new C$ 134 Million venture capital fund
MONTREAL, Jan. 15, 2015 /PRNewswire/ – CTI Life Sciences announced today the first closing of its second venture capital fund (“CTI II”), with C$134 million of capital now available for investment. The new fund includes reaffirmed support from CTI’s existing Québec institutional investors along with new investors Teralys Capital and BDC Capital via the Government of Canada’s Venture Capital Action Plan (VCAP). Montréal-based […]