UVA LVG Venture Fund participates in a  $15.9M round for prescription decision support startup 

RxRevu, a Denver, Colorado-based company focused on prescription decision support, has wrapped up a $15.9 million Series A funding round. Colorado-based health system UCHealth led the round. Participation also came from the University of Virginia LVG Venture Fund, Presbyterian Healthcare Services (NM), Inception Health/Froedtert Health, Children’s Hospital Colorado, UnityPoint Health, JAZZ Venture Partners and other existing investors. Founded in […]

U Virginia Darden School Announces Ventures Selected for 20th Annual Summer Incubator Program

The University of Virginia Darden School of Business welcomed 20 venture teams to the 2019 i.Lab Incubator program, which has been in operation for 20 years. This year’s companies are developing products and services ranging from French crepes to designer Italian clothing to virtual reality exoskeletons. The cohort includes 13 ventures founded by UVA students, representing six schools including […]

Startups, VCs and Corporate Boards: Practical Insights from U Virginia

Husk Power Systems Co-founder and CEO Manoj Sinha (MBA ’09) started his innovative “mini-grid” energy company as a student at the University of Virginia Darden School of Business. More than 10 years later the company is accelerating construction of small power plants across India and Africa. After a recent infusion of capital via an equity investment led by […]

CIT Gap Funds invests in medtech startup

The Herndon, Va.-based Center for Innovative Technology (CIT)announced that its CIT GAP Funds is investing in Richmond, Va.-based Tympanogen, a medical technology company that develops ear, nose, and throat (ENT) treatment devices based on a proprietary gel patch technology. “We have a great opportunity to take over what many consider to be a neglected market. ENT surgeons want a […]

VCU to invest $7 million in new healthcare innovations

RICHMOND, Va. (WRIC) — Virginia Commonwealth University is launching a $7 million project to support new developments and innovations in health care, President Michael Rao announced Thursday during his State of the University address. VCU will invest $2.5 million dollars each year over the next three years into the “Health Innovation Consortium.” The goal is to combine […]

UVa, city, county planning entrepreneurial accelerator

Localities will match funds from GO Virginia grant, if awarded The University of Virginia, Albemarle County and the city of Charlottesville all have pledged support for a program aimed at accelerating the growth of local startups. David Touve, senior director of the i.Lab at UVa, said the proposed Catalyst Accelerator Program would provide workspace, educational […]

CIT GAP Funds Invests in Embody

Herndon, Virginia, Aug. 28, 2018 (GLOBE NEWSWIRE) — The Center for Innovative Technology (CIT) announced today that CIT GAP Funds has invested in Embody, a Norfolk, Virginia based medical device company developing collagen-based products for the treatment of tendon and ligament injuries. The 757 Angels led this investment in Embody’s convertible debt round, alongside CIT and individual investors. […]

New U Virginia Program Provides Rapid Seed Funding for Collaborative Research 

University of Virginia researchers who are looking for potential collaborators will have a much easier search, thanks to a new program launched today by the Office of the Vice President for Research. Called 3 Cavaliers, or 3C, the program will help faculty members connect and pursue new research with the potential for significant external funding. 3C […]

Trolley Venture Partners raises $4 million to invest in central Virginia startup companies

A new investment fund has been created to provide financial backing for early stage business ventures in central Virginia. Trolley Ventures said it has closed an initial fundraising round with $4 million raised. The partnership plans to immediately start making investments in promising, early stage companies in the region. “There is no shortage of companies […]

The University of Virginia Licensing & Ventures Group Seed Fund Announces Investment in 510 Kardiac Devices, Inc.

The University of Virginia Licensing & Ventures Group (LVG) Seed Fund announced today its fourth investment – 510 Kardiac Devices, Inc. (510 Kardiac). 510 Kardiac is an early stage medical device company developing novel technologies for cardiovascular surgical procedures. The investment will accelerate the company’s efforts to obtain FDA approval for the Lim Transseptal System […]