Syracuse University’s Whitman to launch venture company run by students
In what is billed as a groundbreaking form of experiential learning, or perhaps an adult equivalent version of playing shop, Syracuse University’s Martin J Whitman School of Management has created its own company to be run by students. Kenneth Kavajecz, Whitman’s dean and professor of finance, insisted that the venture, called Consurtio, is a serious […]
Syracuse Launches $150K Internal Research Grant Program to Support Scholarly Exploration
The University’s Office of Research has launched a new internal grant program to help support faculty research opportunities and advance collaborative scholarship. The program, announced Monday by Vice President for Research Gina Lee-Glauser, provides a total of $150,000 in funding for faculty to develop essential relationships; obtain foundational results to expand or sustain their research, […]
$45M State-funded “New York Ventures” completes first two investments
Empire State Development announced the launch of New York Ventures, a program dedicated to encouraging innovation and fueling economic growth in communities across the state. New York Ventures will oversee the State’s innovation investment funds, which provide financial capital to early-stage, technology-based businesses, and include the New York State Innovation Venture Capital Fund, a $100 […]
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 […]
Celgene, Eli Lilly to back $150M fund alongside NYC to invest in biotech
An unusual public-private venture capital fund targeting the biosciences is launching in New York with $150 million to deploy, three times the original goal. The Early-Stage Life Sciences Funding Initiative (a refreshingly literal name for tech investment funds) combines $10 million of New York City money with $140 million from the Celgene Corp. (NASDAQ: CELG), […]
Albany Medical Center to receive $520,000 for biomedical accelerator, seed fund
Albany Medical Center will receive more than $520,000 in federal grants from the U.S. Economic Development Administration to support biomedical research and commercialization of new medical products and technologies. In a statement, U.S. Senators Chuck Schumer and Kirsten Gillibrand said the hospital will receive $399,585 for its biomedical acceleration and commercialization center, which is expected […]
Rensselaer Polytechnic Institute in Troy begins seed fund for researchers
Rensselaer Polytechnic Institute has created a seed fund to support multidisciplinary research at the private university. Jonathon Dordick, vice president of research, says his office pledged up to $100,000 each to four research projects last month. The funding is part of a new initiative, the knowledge and innovation program, that aims to broaden the multidisciplinary […]
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, […]
Innovate NY broadens reach of new fund for startups
The Innovate NY Fund has had a huge effect on the startup community in Buffalo, particularly the $5.1 million allocation that flows through Z80 Labs. Innovate NY totals $45 million — $35 million from the state and $10 million from Goldman Sachs — and is a fund-of-funds model, where smaller portions are administered by individual […]
University of Albany starts $500K seed fund to help researchers apply for federal funds
The University at Albany is establishing a $500,000 fund to give its researchers seed funding so they can be more competitive in federal funding applications. The fund is part of UAlbany President Robert Jones’ strategy to nearly triple the amount of research expenditures at the public university. Researchers at UAlbany have until the end of […]