University Of Maryland, Baltimore Invests $100,000 To Complete Harpoon Medical’s $3.6M Series A Financing
University of Maryland (UM) Ventures and Harpoon Medical, Inc. announced today that the University of Maryland, Baltimore (UMB) has invested $100,000 in Harpoon Medical. This is the first equity investment UM Ventures has made in a company and completes Harpoon Medical’s $3.6M Series A financing. The investment also coincides with the U.S. PTO’s decision to […]
Houston venture capital firm opens Ann Arbor office headed by U Michigan Graduate
University of Michigan graduate and serial entrepreneur Adrian Fortinio will lead a new office for the Houston-based Mercury Fund–a venture capital firm–according to a report in Crain’s Detroit Business. Fortino co-founded FlockTag and was a vice president at Invest Detroit before being tapped to lead Mercury’s new Ann Arbor office. The firm, which raised more […]
Cornell University’s Binoptics sold to Massachusetts company for $230M
Ithaca laser-technology company Binoptics is being bought by M/A-Com Technology Solutions of Lowell, Mass., for $230 million in cash, the company announced Wednesday. Binoptics, in business since 2000 using technology developed at Cornell University, develops and makes semicondutor microchip lasers for equipment in the data and telecommunications industries that use light energy rather than electricity. […]
Medical device startup benefits from Philadelphia seed fund
Two years after the city of Philadelphia launched a $3 million seed fund, the fund has invested in a medical device company — one of four companies to receive investments topping $700,000 and the only healthcare business among them.Velano Vascular received $400,000 from the fund. The medical device company is developing a needle-free approach to […]
UTexas-San Antonio honors eight researchers at second annual Innovation Awards
UTSA President Ricardo Romo, Vice President for Research Mauli Agrawal and the UTSA Office of Commercialization and Innovation recognized eight UTSA faculty members yesterday at the university’s second annual Innovation Awards luncheon. The UTSA Innovation Awards program recognizes UTSA researchers who have contributed to the university’s entrepreneurial ecosystem by securing patents and/or commercial licenses to protect, develop and […]
NC State’s Chancellors Innovation Fund Has Backed 23 Projects, Secured $4.2M in Follow-on Funding
In four years, 23 projects have earned funding from the CIF. The $1.3 million invested in them has generated $4.2 million in follow-on funding and $460,000 in licensing revenue for the university, as well as launching six startup companies. Each year, roughly 75 faculty members file CIF proposals. After initial screening, finalists pitch their technology development […]
North Dakota investor Dakota Venture Group backs marketing-tech startup Buzz360
Eagan startup Buzz360 has closed on $385,000 in financing with backing from North Dakota investors, including a student-run venture fund. The marketing-technology company will put the capital toward ramping up sales and marketing of its software. Dakota Venture Group, a Grand Forks-based fund run by University of North Dakota students, led the equity component of […]
Investment booms in Pittsburgh thanks to new venture fund
It’s hard to miss investment in Pennsylvania when it takes the form of a downtown high rise or new sports complex, but if you’re not in the business community, you may not be aware of the robust — less visible — investments that propel the state’s economy. In Pittsburgh in the first nine months of […]
Early stage digital health companies get some love from Maryland TEDCO fund
Vheda Health, a digital health company that seeks to help people with chronic conditions, is one of a handful of healthcare startups that have received backing from a commercialization fund from Maryland’s Technology Development Corp. They were part of a list of 15 companies that received $1.5 million. It follows a funding allocation from earlier […]
Utah Student-run venture capital fund empowers and supports students
In charge of a $500,000 venture capital fund, a group of 10 students from Utah universities are trying to find and fund the best entrepreneurs on local campuses. As investment associates for Campus Founders Fund, they meet weekly to hear pitches from students and then collectively decide whether or not to fund them. If funded, […]