A new Oregon-based seed fund to help startups is in the works
The Oregon Regional Accelerator and Innovation Network (RAIN) is partnering with Portland entrepreneur and investor Nitin Rai on a new regional seed fund in an effort to close the funding gap for startups around the state. Rai will oversee what will be a regional early-stage fund. While the fund will likely be larger, between $2 […]
Kentucky Grants $800,000 in State Income Tax Credits to Accelerator
The Kentucky Economic Development Finance Authority today granted to UpTech Fund II, LLC $800,000 in state income tax credits, pursuant to the Kentucky Investment Fund Act. UpTech Fund II, the pre-seed fund connected with the UpTech, Inc. accelerator program in Covington, is in the process of raising a $2,000,000 fund to make investments in the […]
UC to fund up to $150K in early-stage life science startups through primePC program
Startups created at the University of California can compete for funding during a first-of-its-kind UC competition. The university system will give one $150,000 award and three $50,000 awards to early-stage companies working on life sciences technology related to therapeutics, consumer health, medical devices and diagnostics, UC announced Tuesday. Companies — they must have founders or other members from any […]
Duke’s MURDOCK Study offers $100K in seed funding to scientists at NC Research Campus
Duke University’s MURDOCK Study will invest up to $100,000 in the coming year to fund scientific discoveries at the North Carolina Research Campus in Kannapolis. The MURDOCK Study-NCRC Seed Funding Voucher Program will provide up to 10 vouchers worth $10,000 each to qualifying Research Campus investigators from any institution on the campus. Duke manages the […]
Macomb Community College Innovation Fund announces $275,000 in inaugural awards to five Detroit-area technology-focused startups
The Innovation Fund is a $2.7 million effort to stimulate economic development and job growth among promising Detroit-area entrepreneurs and next-stage businesses with high growth potential. Awards of $25,000 will be distributed to start-up businesses to assist with market introduction and awards up to $100,000 will be given to advance the progress of emerging companies […]
Newark Is Tapped for Tech Venture Fund, Accelerator
An early-stage venture fund, targeted at $50 million, and a new accelerator are coming to Newark to create a substantial technology industry. Newark Venture Partners and its sister entity, Newark Venture Accelerator, expect to start accepting startups in October; the fund’s founder is Don Katz, who also is founder and chief executive of Audible.com, an […]
JumpStart data shows record $338 million invested into young Northeast Ohio technology companies in 2014
The numbers look good — at first. Last year, investors pumped a record $338 million into young technology companies in Northeast Ohio. That total easily eclipses the previous record: Local startups raised $264 million in 2013. Sounds great, right? JumpStart CEO Ray Leach is happy with the overall total, but he’s not 100% enthused when […]
TEDCO reaches ‘dramatic crossroads,’ taking on 5 times more venture responsibility
Maryland Technology Development Corp.’s new board chair, Newt Fowler, is stepping in as the investment agency’s responsibility grows five-fold. TEDCO this year will take over disparate investment programs from Maryland’s Department of Business and Economic Development, most notably the state’s Maryland Venture Fund. All told, the shift will put an additional $100 million under TEDCO’s […]
Indiana University College of Arts and Sciences announces $4.46 million gift, will create funds
The College of Arts and Sciences at Indiana University Bloomington announced today a gift of over $4.46 million from alumnus Lawrence M. Blatt, a pioneering virologist and the founder of Alios BioPharma Inc. Blatt’s gift will provide funding for an array of new and ongoing endowments in the College of Arts and Sciences. Among them, […]
Zells donate $60 million to University of Michigan, support funds
The University of Michigan’s business school is set to receive $60 million from the Zell Family Foundation, which has now donated more than $150 million to the university over the years. The money will go to extend programs at the Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies and create new ones. “This […]