Graftworx gets $500K from Maryland Venture Fund
Bel Air-based medical device company Graftworx received $500,000 from the Maryland Venture Fund, the state announced. With the new funding, the company announced the hiring of Lilip Lau, who invented a coronary stent while at Guidant. Graftworx is developing a stent to treat peripheral artery disease (PAD). The money will also be used to complete […]
University of Memphis Crews Center for Entrepreneurship Launches Seed Fund
The University of Memphis Crews Center for Entrepreneurship has taken what stakeholders said is a natural next step as part of acting as the university’s hub for commercializing ideas into successful startups. The now four-year-old center has launched the Crews Center Catalyst (C3) Seed Fund, a source of funding meant to incentivize students and faculty […]
FireSpring, Orlando local seed fund, gets $100K boost from Orange County – Orlando Business Journal
The Orlando startup community’s plan to create an evergreen seed fund to help early-stage entrepreneurs receive funding they need to grow their business just got a boost from the Orange County. The Orange County Commission unanimously agreed to give the FireSpring seed fund $100,000 on Aug. 25. The fund is another step toward the seed […]
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, […]
Washington State University lends helping hand through “valley of death” – Economic Development Site Economic Development Site
For the second year, WSU is supporting researchers in moving innovations from the lab to the marketplace through the Commercialization Gap Fund (CGF). The CGF program provides financial assistance to advance technologies that are at the end stage of research, but require additional development before entering the marketplace. Gap funding is an important part of […]
Harvard offers a bridge for promising research with accelerator grants
A few years ago, Andrew Myers’ laboratory discovered a new way to synthesize an important class of antibiotics that one day could tackle the toughest, most resistant infections. “I knew we were onto something important,” said Myers, the Amory Houghton Professor of Chemistry and Chemical Biology, “but I couldn’t get federal funding to take the idea […]
$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 […]
Washington’s Life Sciences Discovery Fund not dead yet, launches grant program
Earlier this year, lawmakers slashed from the budget a state fund for life sciences. Well now that fund may have been put on life support. The Life Sciences Discovery Fund had $2 million left in its treasury account after the Washington state Legislature approved a budget in June that revoked the rest of the LSDF’s […]
VentureOhio studying feasibility for statewide $100M fund of funds to invest in outside VC firms
Members of VentureOhio are studying the feasibility of forming a private “fund of funds” of $100 million or more to invest in venture capital groups and thus draw investor attention to Ohio startups. “Having a fund of funds in Ohio will be really important in our ecosystem,” VentureOhio Executive Director Falon Donohue told me. I […]
Carnegie Mellon University, GE Ventures team up to create $20M venture fund
Officials hope a new accelerator program and a $20 million venture fund started by Carnegie Mellon University and GE Ventures will draw the nation’s best advanced robotics firms to Pittsburgh and convince those already there to stay put. Carnegie Mellon’s National Robotics Engineering Center and GE Ventures, General Electric’s investment arm, have teamed up to […]