Penn State Innovation Fund moving good ideas forward
UNIVERSITY PARK, Pa. — In April 2014 the Penn State Research Foundation created The Fund for Innovation to promote commercialization of promising new ideas and discoveries generated by Penn State’s $800 million research enterprise. The primary goal is to create new companies and new jobs, and by doing so to increase the already sizable positive […]
Matthews startup gets $75,000 from Innovation Fund North Carolina
TVL International, the Matthews company developing the SmartCharge LED bulb that operates even during a power outage, has won a $75,000 loan award from the Innovation Fund North Carolina. Founder and CEO Shailendra Suman says the money will be used pay for getting the latest iteration of the SmartCharge bulb certified by Underwriters Laboratories, as […]
Four local University of Wisconsin tech startups awarded second round of state grants
Four local startups founded by students and University of Wisconsin faculty are getting a second round of state grants to advance their new business models. The four are among nine UW system startups that are sharing $325,000 in grant awarded through the Ideadvance Seed Fund program. That $2 million program is run by the Wisconsin […]
CIT GAP Fund invests in Ostendio to help healthtech companies with HIPAA
The Center for Innovative Technology GAP Fund has invested an undisclosed amount in Ostendio, a DC-based company that developed a software-as-a-service offering aimed at helping health IT companies better achieve and prove HIPAA compliance. CIT GAP Fund, a group of seed and early-stage investment funds, invests in Virginia-based technology, life science, and cleantech startups. Ostendio was founded by former […]
StartX Looks To Boost Its Investment Program
The non-profit business accelerator StartX has expanded its investment staff as it looks to place more bets into graduates of its Stanford-affiliated program. Founded by a Stanford alum, housed minutes from the university’s Palo Alto campus, and operating a venture capital fund backed by Stanford money, StartX can be seen as the off campus accelerator for dozens […]
University of North Carolina at Chapel Hill Forms $5M Venture Capital Fund
The University of North Carolina at Chapel Hill has formed a $5m venture capital fund to support University startups. The Carolina Research Venture Fund will support University startup companies in overcoming funding gaps, accelerate growth and help move ideas from University labs to the commercial marketplace. The University already has a number of avenues through […]
SBA seeks investment fund managers for Early Stage Capital program
DENVER – The U.S. Small Business Administration is inviting experienced early stage investment fund managers to apply for licensing as part of SBA’s Early Stage Small Business Investment Company (SBIC) program. Licensed Early Stage SBICs may receive SBA-guaranteed debenture leverage up to a maximum of $50 million. “Our Early Stage SBIC program offers fund managers […]
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, […]
Dartmouth Alum Fund Invests In Businesses With College Ties
A group of Dartmouth College alumni “angel investors” has established a venture capital fund to help businesses with connections to the college. “Angel investors” put up money to help entrepreneurs and start-ups to get off the ground and grow. The idea is less about turning a quick profit and more about nurturing a business. The […]
IBM Watson Group Awards University of Texas at Austin Top Spot in Intercollegiate Competition
NEW YORK and AUSTIN, Texas, Jan. 15, 2015 /PRNewswire/ — IBM (NYSE:IBM) today announced the first winner of its Watson University Competition, part of the company’s partnership with top universities through its cognitive computingacademic initiative. The winning team of student entrepreneurs from the University of Texas at Austin will receive $100,000 in total in seed funding to help […]