Drexel Gets Into Early Stage Venture Capital

Drexel University is getting into early-stage venture capital. The school announced Monday the creation of “Drexel Ventures,” a new program designed to incubate and fund new technologies developed by faculty, students and alumni

Dragon Fund, A Drexel University Student-led Fund, Secures $1mm for investment

The student-managed portfolio, called the Dragon Fund, began in 2007 with a $250,000 contribution from Drexel. The university contributed another $100,000 in 2011 and then $500,000 in May. The fund has gained more than $150,000, due to the investments made by the students. “The fund has performed quite well. It has beaten

Innovation Works, A Pennsylvania State-wide Commercialization Effort, Opens $800K Funding Cycle

Innovation Works is accepting proposals for the latest funding cycle of the Technology Commercialization Initiative (TCI), a statewide effort to commercialize Pennsylvania’s university research and/or corporate innovation in robotics and advanced electronics.  A total of $800,000 is eligible in multiple awards with a maximum award amount of $100,000 per project.  TCI is supported by The Discovered in […]

The Dorm Room Fund, Supported By First Round Capital, Puts $20K Into Student Ventures

Most college dormitories are a mixture of unmade beds, fireproof carpeting, beer pong, ramen noodles and that poster of John Belushi in “Animal House.” Investors want to add two more ingredients: successful start-ups and budding venture capitalists. “We’re trying to help students feel what it is to run a start-up, to take an idea that starts in […]

First Round Capital supports Philly tech scene, QED proof of concept program

The city of Philadelphia announced Tuesday that its Startup PHL Seed Fundwill be run by one of the top seed investors in the country — for free. First Round Capital, the University City-based seed-stage venture-capital firm co-founded by tech entrepreneur and investorJosh Kopelman, will run the fund and invest $3 million in it. The Philadelphia Industrial Development […]

Pitt, CMU join team to gap fund start-ups

The technology commercialization offices at the University of Pittsburgh and Carnegie Mellon University are teaming up on a new initiative to spin out more technology into startups. The collaboration is being funded by a $200,000 grant from the Pennsylvania Department of Community and Economic Development. Each university is receiving $100,000 in DCED money plus $25,000 from the Greater […]

Drug discovery proof of concept grants show promise at Temple

An innovative funding model designed to promote interdepartmental collaboration with the Moulder Center for Drug Discovery Research in Temple’s School of Pharmacy is already showing results. As part of the expansion of the Moulder Center in 2010, the university established a competitive process for awarding two-year, $100,000 Drug Discovery Initiative (DDI) grants. These proof-of-concept grants allow researchers across […]

Prostate cancer drug candidate funded by University City Science Center QED program

Could a compound developed by two University of Delaware faculty members be a new line of defense against prostate cancer? Robert Sikes, director of theCenter for Translational Cancer Research (CTCR) and associate professor ofbiological sciences, and John Koh, associate director of the Delaware Biotechnology Institute (DBI) and professor of chemistry and biochemistry, believe they have indeed invented a new […]

Osage Venture Partners closes third fund at $66M

Osage Venture Partners is pleased to announce the final closing of Osage Venture Partners III, exceeding its target fund size by 10 percent to reach $66 million. Osage Venture Partners III continues the strategy executed in Osage Venture Partners II, investing exclusively in early-stage enterprise software companies in the Mid-Atlantic region. Osage Venture Partners III […]