A $150 million fund, The Engine, will back startups others find ‘too hard’ | TechCrunch
A fund and accelerator for advanced technology startups, The Engine, closed its debut fund at a robust $150 million this week, according to its president, CEO and managing partner, Katie Rae. Last year, TechCrunch reported that MIT was investing $25 million into The Engine, becoming the anchor LP for the fund. While The Engine is […]
Ideadvance Seed Fund now open to some U Wisconsin System alumni
The Ideadvance Seed Fund, previously limited to students, faculty and staff of the university system, has now been extended to include UW System alumni – except those who attended University of Wisconsin-Madison. The seed fund is seeking applications through April 28 from alumni who have a business idea related to advancing the “knowledge economy” in […]
MIT venture fund raises $150 million for technology startups
Massachusetts Institute of Technology’s new investment fund raised more than $150 million to support startup companies developing scientific and technological innovations. MIT said Thursday that it contributed $25 million to the Engine Accelerator Fund I, which the Cambridge, Massachusetts-based university controls. The rest of the money was raised from a small group of unidentified investors […]
Cleveland State and Kent State to work together on joint technology commercialization fund
Cleveland State University and Kent State University have been awarded a grant from the Ohio Third Frontier Commission to create a joint technology commercialization and startup fund, according to a news release. This news got a mention in an article about the Ohio Third Frontier Commission’s recent round of grants last week, but the universities’ […]
University System of Maryland Launches $25 Million Maryland Momentum Fund to Back Start-Up Companies Formed from Campus Research
To increase new company creation and commercialization of its leading-edge research, the University System of Maryland (USM) is launching a $25 million early-stage investment fund to be known as the Maryland Momentum Fund. The money-raising process for start-up companies typically is an uneven one. Therefore, the Maryland Momentum Fund will concentrate on filling gaps in […]
NJBIZ Exclusive: Hackensack Meridian entering innovation and incubator space with $25M fund
The board of Hackensack Meridian Health has approved a $25 million capital fund so the state’s second-largest health system can dive into the world of innovation and incubators, NJBIZ has learned. Hackensack Meridian officials said the effort is viewed as a new revenue stream as well as a way to elevate the organization onto a […]
Selena Gomez establishes new fund for Lupus Research at University of Southern California
People magazine reports that Selena recently made a donation to the University of Southern California’s Keck School of Medicine to establish the Selena Gomez Fund for Lupus Research. Selena revealed in 2015 that she suffered from the autoimmune disease, and even underwent chemotherapy as part of her treatment. In a statement, the singer says, “I […]
La Crosse Venture capital firm gets bolstered by investment from Badger Fund of Funds
How many business ventures can the Idea Fund fund now that it’s been funded by the Badger Fund of Funds? At least a dozen, Idea Fund of La Crosse managing director and La Crosse native Jonathon Horne hopes as his venture capital firm gets off the ground. Horne, the son of Judge Scott Horne, moved […]
ScaleUP Ventures closer to $75 million fund target after $25 million boost from Ontario government
Toronto-based ScaleUP Ventures (SUV) announced today a second close of $32.25 million for its ScaleUP Ventures Fund, which now has over $70 million in committed capital. The funding was led by $25 million from the Province of Ontario, via the Ministry of Research, Innovation and Science. “We need to continue to strengthen Ontario’s innovation ecosystems […]
Innovate Indiana Fund invests in early-stage payment-fraud analytics company
A high-tech company that detects payment-card fraud using machine learning and data analytics will be able to launch a product for merchants later in 2017. It will also be able to increase the size of its technical team that works on a product for banks and credit unions. Rippleshot received an investment from the Innovate […]