New Mexico Investment Council OKs new startups fund
The State Investment Council drew broad praise on Tuesday for approving a new funding program that could allow up to $40 million or more to flow into startup companies statewide.The council unanimously approved the establishment of a new $20 million “fund of funds” that will provide money to micro funds around the state that invest […]
UChicago Healthcare, Agtech Startups Funded Through Innovation Fund
The University of Chicago Innovation Fund announced two healthcare startups and one agriculture IT startup will receive $550,000 total in the most recent round of funding.Navipoint Genomics LLC will receive $175,000, Praedictus Climate Solutions will receive $125,000, and RiMO Therapeutics will receive $250,000, the Fund announced Thursday.These startups were chosen from five that presented to […]
Ann Arbor-based Millendo scores $62M investment
An Ann Arbor-based start-up drug company with roots in the University of Michigan scored a $62 million buy-in from outside investors because of its early work on treatments for several medical conditions, including some affecting women. The so-called Series B investment secured by Millendo Therapeutics follows an earlier round of investment that raised $16 million in 2012, company officials said. The $62-million […]
University of North Dakota Venture Group: Allowing students to completely run their own, real venture capital investment fund
At the University of North Dakota, students are completely running their own venture capital fund through the Dakota Venture Group (DVG) program. It’s the only one of its kind currently in the U.S. where students get direct experiential learning in the field of venture capital and angel investing without having to report to an advisory […]
Commentary: America’s Seed Fund is powering Texas innovation
Innovation is the critical ingredient to creating and growing a successful start-up, but innovation requires money – money that can be very hard to find, especially if your innovation is “high-risk/high-reward.” Wouldn’t it be great if a venture capitalist investor came to Texas, offering $2.5 billion seed investments in cutting edge technologies created by early […]
UI awards $625,000 in funding to help faculty members turn inventions into businesses
A desalination device that also creates electricity and a screening system to detect symptoms of delirium are among the University of Iowa faculty inventions that were awarded a total of $625,000 in gap funding by the University of Iowa Research Foundation (UIRF). In place since 2007, the UI Commercialization GAP Fund Program has been highly […]
Invent Penn State: Power of partnerships in innovation
Earlier this year, Penn State President Eric Barron unveiled Invent Penn State, an initiative to spur economic development in Pennsylvania, propelling Happy Valley into a hub for innovation. This is an audacious goal, and the announcement has created significant activity and a groundswell of optimism from those eager to get involved. Invent Penn State is […]
New Seed Fund to Speed UVA Innovation and Research to the Market
Starting in 2016, the University of Virginia will be propelling entrepreneurship into the market like never before. The University’s new Seed Fund will deploy $10 million over 10 years to help commercialize UVA technologies and opportunities. “UVA’s research enterprise helps drive the economy locally, nationally and globally, while producing discoveries that lead to new technologies, […]
U Mississippi Rebel Student Venture Capital Fund Grants $6,500 in Rewards
The University of Mississippi student-led start-ups presented to the RVCF, each receiving grants and mentorships to assist in the development of their new business ventures. Of the six businesses there were three smart phone apps, Impster, Nimble Fashion, and Okay2Eat; one light, sound, and entertainment business, Vault Entertainment; a marketing start-up, Ault Wilson Marketing; and a […]
U Michigan Spin-off Akadeum gets $1 million seed
There have been two recent votes of confidence for Ann Arbor-based Akadeum Life Sciences Inc., a 2014 spinoff from the University of Michigan. In October, it finished raising a seed round of $1 million, which will fund product development and beef up sales and marketing. Normally that would be the big news. But that was overshadowed by […]