Ohio Capital Fund notches 8.7 percent return on investment since 2006 founding
Ohio’s $150 million state-backed fund for venture-capital investments is showing stronger returns and has attracted more than $1 billion investment to the state, but still is performing below expectations. The Ohio Capital Fund LLC has generated an 8.7 percent annualized return from 2006 through the end of last year, fund managers on Thursday told the […]
State allocates $250M for second N.C. Innovation Fund – Triangle Business Journal
On Wednesday, State Treasurer Janet Cowell announced a new $250 million North Carolina Innovation Fund. Two-thirds of the sum will be earmarked for co-investments in diverse industries, including growth sectors in the state. The remaining third will have a multi-stage focus, according to Cowell’s office: venture, growth, buyout and mezzanine. The announcement, made alongside former […]
University of Oregon spinoff companies receive state innovation grants
Two companies spun out of research conducted at the University of Oregon are among five Oregon startups that will share $300,000 in state innovation grants for small businesses. The companies — SupraSensor Technologies and NemaMetrix — will receive a combined total of more than $110,000 from Business Oregon, the state’s economic development office, to help […]
Meet the 10 startup grads from the Portland Seed Fund
A new crop of startups from across Oregon graduated today from the Portland Seed Fund. The companies just completed a 3-month bootcamp as part of the fund, which has now graduated six classes and 56 companies in its four years of existence. Many of the startups raised separate investment rounds while in the program, including […]
Chicago Innovation Exchange announces six finalists for grant
Chicago Innovation Exchange (CIE) announced the six finalists now in the running to receive backing from the Innovation Fund in a statement released last week, including proposals for a new drug to test for multiple sclerosis and a series of data collection tools able to transmit data without Internet, among others. The Innovation Fund, run […]
MIT Energy Initiative awarding $1.65 million in seed funds for innovative early-stage energy research
The MIT Energy Initiative (MITEI) has announced it is awarding more than $1.65 million in grants under its annual MITEI Seed Fund Program to support innovative, early-stage energy projects across campus. For 2015, a total of 11 projects are receiving $150,000 each for research lasting up to two years. Funding is provided by MITEI’s founding […]
IDEA Reaches Gap Funding Milestone: 6 Ventures Receive Non-Equity Grants
Northeastern University’s Venture Accelerator IDEA recently reached a monumental milestone in their mission to coach, fund, and launch ventures: in February, IDEA completed its largest round of Gap Funding that provided six ventures with $10,000 to overcome a specific gap in each of their businesses. The bi-monthly Gap Fund IDEA provides ventures the opportunity to […]
Ohio Third Fronteir supports University of Akron professor develops super-strong, reusable adhesive that could be used in automobile and aerospace industries
A University of Akron professor has developed a super-strong, reusable adhesive that works on numerous surfaces. A company he co-founded has been awarded a $736,000 National Science Foundation grant to prepare the adhesive, spun from polymer fibers, for commercial use. The product, developed by Josh Wong, a professor of mechanical engineering, was inspired by the ability […]
$35M OSU-OU venture capital fund ready to launch
Three years after its unveiling, the $35 million venture-capital fund being pooled by Ohio State University and Ohio University is taking concrete steps toward launching. The OSU-OU Innovation Fund has selected a managing partner and expects to announce the pick this month, pending final contract negotiations, said Stephen Golding, Ohio University’s vice president for finance […]
Wichita State to host $2.5 billion technology seed fund event April 30
Area innovators, entrepreneurs, researchers and small technology firms are invited to take advantage of a special opportunity as Wichita State University hosts the SBIR Road Tour from 7:30 a.m.-1:30 p.m. Thursday, April 30, on the second floor of the Rhatigan Student Center. The SBIR Road Tour event represents America’s largest seed fund, and is a […]