UChicago Startup Investment Program makes first investment of $500K in surgical startup
The University of Chicago has made its first venture investment from the UChicago Startup Investment Program. ExplORer Surgical, which is based on technology developed at the University of Chicago Medical Center, provides an interactive surgical playbook that promotes optimal teamwork in the operating room. It will receive an investment of $500,000 from the University as part of […]
Internet of Things startup with Argonne roots gets $8 million
Gary Conkright was working on the internet of things before it had such a catchy name. He’s on his second IoT startup, PhysIQ, which he started 12 years ago. The Chicago health-technology company, which has offices in the Loop and Naperville, just raised another $8 million. Its software helps health care providers automatically monitor the […]
25 Chicago University Startups That Are Researching and Fighting Cancer
There are more than 100 types of cancer, and about 40% of men and women will be diagnosed with cancer at some point in their lifetime, according to the National Cancer Institute. The number of people living with cancer is expected to rise to almost 19 million by 2024. Think that’s too big a problem to disrupt? Think again. Startups across […]
U Chicago Innovation Fund invests $500,000 in microbiome research and energy companies
The University of Chicago Innovation Fund announced plans to invest up to $500,000 into three companies—AVNovum, ClostraBio, and SwitchedSource—that are working in the health and energy fields, respectively. These latest investments bring the Innovation Fund’s total investment amount to nearly $5.5 million in 65 ventures. On Wednesday, May 31, five finalists presented their ventures to […]
Interview with Sierra Ventures, located at U Illinois, eyeing early stage startups
Venture capital used to be a cottage industry, with very few investing in tomorrow’s products and services. Oh how times have changed. While there are more startups than ever, there’s also more money chasing them. In this series, we look at the new (or relatively new) VCs in the early stages: seed and Series A.But […]
University of Chicago Investing $25M From Endowment Into Its Own Startup Companies
The University of Chicago is pulling $25 million from its endowment to back business ideas from faculty, students and alumni. The university on Friday announced it will tap into its $7.1 million endowment to provide funding for startup companies founded or that include people from the university or ideas developed on the Hyde Park campus. […]
Applications open for second round of Northwestern University N.XT $10M Fund investments
The N.XT Fund is now open and collecting applications for its second round of investments. The $10 million innovation fund was provided by the University to support Northwestern’s early-stage innovations that are too advanced for federal funding but too early for private investment. The goal of the fund is to de-risk assets owned by Northwestern and propel them to the […]
Northwestern receives $10.25 million gift from Galvin family for Kellogg, NUseeds Fund
The Christopher B. Galvin Family Foundation donated $10.25 million to Northwestern, the University announced Monday. The gift brings the total of the $3.75 billion “We Will” campaign to more than $3 billion. The Galvin family has contributed more than $18 million to the University since the campaign launched in March 2014. “Through their meaningful and […]
Announcing the 2016 Illinois Proof-of-Concept Program Award Recipients
The University of Illinois at Urbana-Champaign Office of Technology Management (OTM) is pleased to announce the 2016 awardees of the Illinois Proof-of-Concept Funding Program (I-POC). I-POC facilitates development projects that demonstrate an innovation’s market viability to potential investors and partners. Projects consist of a defined set of milestones that, when completed, help overcome a specific hurdle to […]
U of Chicago ExplORer Surgical Announces $1M Seed Round
ExplORer Surgical, a leading developer of an intraoperative workflow management tool for surgery, announced today the closing of $1 million in seed round funding. Investors include CJM Ventures, M25 Group, SymphonyAlpha Ventures, The University of Chicago Innovation Fund, Wasson Enterprise, as well as prominent healthcare and technology angel investors. ExplORer prevents delays & disruptions that […]