These four tech startups received crucial capital from a UPenn student-run fund
A student-run innovation fund has already provided capital to launch four Penn startups this year, and it’s only the beginning of second semester. The Weiss Tech House Innovation Fund gives grants ranging from $500-$2000 to startups that involve technology in some way, College senior and Fund co-chair Jason Shein explained. Shein facilitated a recent “relaunch” […]
Why University City Science Center is betting big on these 3 health projects
Three promising technologies that seek to improve the efficacy of medical care earned a big boost from the University City Science Center on Monday, with a total of $600,000 in research grants announced through the center’s QED Proof of Concept Program. Preoperative planning and alignment of long-bone fractures may be improved, and then surgeries go […]
Alumnus seeds Swartz Center thats poised to draw innovation at CMU and in Pittsburgh
Carnegie Mellon University’s “hub for entrepreneurship,” the Swartz Center for Entrepreneurship, got its official start Tuesday in the best possible way — surrounded by CMU innovators hoping to take their companies to the next level. James Swartz, the co-founding partner of Accel Partners, a venture capital firm that has helped fund some of the country’s […]
Philadelphia College of Medicine starts $5M venture fund
The money for the Primary Care Innovation Fund came from the school’s foundation, PCOM said. The fund will consider investing in companies nationwide, but will concentrate on the Philadelphia region and on the Atlanta region, where PCOM has a branch campus. Dean Miller, CEO of the Philadelphia Alliance for Capital & Technologies and a partner […]
Pitt establishes $1 million fund for faculty, student business ventures
On Thursday, Pitt announced it will give $1 million to Pitt faculty and students looking to put the products of their research on the market. The $1 million in gap funding money — called the Chancellor’s Innovation Commercialization Funds — will immediately, and over the next two years support projects with the potential for commercial […]
Science Center’s Start-Up Accelerator Emerges from Stealth Mode To Focus on “Long Horizon” Technologies
Inventors and entrepreneurs interested in starting a new company, or in growing a newly started company, have one more option to obtain funding, expertise, and other resources with the University City Science Center’s Phase 1 Ventures Program. Soft-launched as a stealth-mode pilot in 2015, Phase 1 Ventures, or P1V, is now widening its net for […]
ENGINE grants provide funding for College of Engineering faculty entrepreneurs
Three projects have been selected for funding through the College of Engineering’s ENGineering for Innovation & ENtrepreneurship (ENGINE) grant program. Now in its second year, the program provides financial support to faculty to help transition their early stage research results through a proof-of-concept phase, with the ultimate objective of forming a startup company or licensing […]
New early-stage venture fund forming with eye on Pittsburgh startups
Pittsburgh-area entrepreneurs will soon have another funding option for growing early phase startup companies. Pharmaceutical giant GlaxoSmithKline has thrown its support behind the creation of a $100 million venture capital fund, which will help meet a need for early stage business startup capital in the Pittsburgh area. Philadelphia-based SG3 Ventures anticipates awarding its first round […]
University City Science Center awards $600k in funding to 4 researchers
Four university researchers just received a nice financial boost from the University City Science Center. The researchers will receive a share of the $600,000 award to develop technologies that could lead to new gene and cell therapies, as well as help nurses and physical therapists do their jobs more effectively. Half of the $600,000 will […]
Invent Penn State: Power of partnerships in innovation
Earlier this year, Penn State President Eric Barron unveiled Invent Penn State, an initiative to spur economic development in Pennsylvania, propelling Happy Valley into a hub for innovation. This is an audacious goal, and the announcement has created significant activity and a groundswell of optimism from those eager to get involved. Invent Penn State is […]