Midwest Venture Investors To Raise As Much As $100M To Fund Health Startups
Venture Investors plans to raise up to $100 million for a new, healthcare-focused venture capital fund, the Madison, WI-based firm said in a documentrecently filed with federal securities regulators. VI is the oldest and largest venture capital fund in Wisconsin. It created a new business entity, “Venture Investors Health Fund 6 LimitedPartnership,” under whose name the document was filed. The filing lists the same business address and some of the same executiveofficers as previous funds VI has raised for investing in startups. Scott Button, a managing director at VI, declined to say what the organization’stimeline is for raising the new healthcare fund, citing regulatory restrictions. The Wisconsin-based healthcare businesses that VI has backed include CellectarBiosciences, FluGen, and TAI Diagnostics. Two Madison-based startups in VI’s portfolio were acquired by large, publiclytraded companies in the last two years: NeuWave Medical, which was sold toEthicon, a subsidiary of Johnson & Johnson; and Virent, which was acquired byAndeavor. Source: Xconomy: Venture Investors To Raise As Much As $100M To Fund Health Startups
The University of Virginia Licensing & Ventures Group Seed Fund Announces Investment in 510 Kardiac Devices, Inc.
The University of Virginia Licensing & Ventures Group (LVG) Seed Fund announced today its fourth investment – 510 Kardiac Devices, Inc. (510 Kardiac). 510 Kardiac is an early stage medical device company developing novel technologies for cardiovascular surgical procedures. The investment will accelerate the company’s efforts to obtain FDA approval for the Lim Transseptal System […]
University of Minnesota MnDRIVE Global Food Ventures graduate fellows announced
Eight graduate students who are working toward their master’s or doctoral degree from the College of Food, Agricultural and Natural Resource Sciences (CFANS); the College of Veterinary Medicine (CVM); and the School of Public Health (SPH) were recently awarded fellowships from Minnesota’s Discovery, Research, and InnoVation Economy (MnDRIVE) for the 2018-2019 school year. The world’s population is expected to […]
University of Arizona McGuire New Venture program reaches across UA campus
The New Venture Development Program at the University of Arizona’s McGuire Center for Entrepreneurship is mainly an academic exercise designed to give students the experience of moving an idea to a launch-ready venture. But real products and companies have emerged from the program, and they increasingly involve UA technologies as McGuire reaches out across campus. […]
Michigan State University Conquer Accelerator announces program’s 2018 cohort participants
The Conquer Accelerator program announced today the five startup teams selected to participate in its third summer cohort. Designed to help both newer and established companies overcome business hurdles, Conquer Accelerator emphasizes smart planning and growth, extensive mentorship from an experienced bench of professionals and structured educational components focused on bringing its cohort startups to success. The […]
Louisiana State University LIFT program starting to see results, awarded additional funding for patents
The LSU Research and Technology Foundation touted the success of its LIFT grant program today before the LSU Board of Supervisors, and won approval for an additional $200,000 to cover fees associated with the “significant increase” in patents filed with the university. The board created the LIFT—Leveraging Innovation for Technology Transfer—program in 2014 to award […]
Penn State-Monash collaboration progresses, seeks proposals for seed funding
The Monash-Penn State partnership began in the early 1990s and has since evolved to an institutional level. The collaboration now includes strategic work on common areas of research to better leverage the capabilities of both universities. “Penn State and Monash have committed to a strategic partnership focusing on teaching, research and service, using the complementary […]
University of Texas Genesis Fund for Student Startups Raises $1M-Plus
Finding funding is one of the hardest things for first-time entrepreneurs at any stage of life. But doing it while you’re in college and before you’ve made a lot of connections in the startup ecosystem is even harder. Now, student founders at The University of Texas in Austin have a new opportunity to get a […]
Invent Penn State’s Venture & IP Conference showcases disruptive innovations
Following an extraordinary debut in 2016, this year’s Invent Penn State Venture & IP Conference, held April 19-20 at the Penn State Hotel and Conference Center, attracted more than 600 participants, including 80 startup companies and more than 40 venture capitalists and industry advisers — all working together to drive innovation, foster collaboration and enable startup […]
$115,000 funding awarded to Purdue researchers, advance innovations to commercialization
Four Purdue University researchers will share nearly $115,000 in funding from the Trask Innovation Fund to further develop their innovations and move life-changing technologies through the commercialization pipeline. Twice annually the Trask Innovation Fund awards funds through an endowed development program that assists faculty and staff whose discoveries are being commercialized through the Purdue Research Foundation’s Office of Technology Commercialization. […]