[COA Member] University of Virginia group’s seed fund spurring local entrepreneurship
The University of Virginia has now invested nearly $1 million in the early stages of student and faculty startups, joining the growing number of schools investing in homegrown enterprises. Universities increasingly have investment funds and programs to boost entrepreneurship within and around their campuses. UVa’s Licensing & Ventures Group’s $10 million Seed Fund, launched in […]
[COA Member] University of Virginia Licensing & Ventures Group Seed Fund Announces Three Investments
Since its launch, the UVA LVG Seed Fund has made three investments in companies based on technology developed from UVA research discoveries and licensed from the UVA Licensing & Ventures Group (LVG). Also, the Fund has launched and expanded a directive study course now in its second semester at UVA’s Darden School of Business and […]
UVa alum’s green innovation brings micro-farm to the table
Student dining at the University of Virginia has begun chopping some of its greens and herbs from an unlikely source — trays of ultraviolet-lit plants set up in Clark, Newcomb and Observatory Hill halls. The innovative hydroponics system is the brainchild of UVa alum Alexander Olesen, who founded Babylon Micro-Farms last year. Olesen is now […]
Virginia Catalyst announces grants for collaborative research projects Industries
The Virginia Biosciences Health Research Corp., known as Virginia Catalyst, announced Monday it has awarded almost $3 million to six collaborative bioscience commercialization projects in a new round of funding. Virginia Catalyst is a not-for-profit corporation funded by the Virginia General Assembly’s general fund and seven of Virginia’s research universities. It supports projects that include […]
Gov McAuliffe announces Virginia Commonwealth Research Commercialization Fund Awards
Governor Terry McAuliffe announced $2.7 million in funding to support 40 Commonwealth Research Commercialization Fund awards representing targeted areas of promising research commercialization, including advanced manufacturing, cyber security, energy, environment, information technology, life sciences, and unmanned systems. “The Commonwealth Research Commercialization Fund has provided funding to Virginia’s innovators at critical points in their research, helping […]
Inova Health System, University of Virginia fund first joint research projects with seed fund
Inova Health System and University of Virginia are kicking off their new partnership with $450,000 in seed money to fund nine joint research projects geared toward better predicting, preventing and treating disease. The seed fund helps launch a larger $112 million partnership that Falls Church-based Inova Health System announced six months ago with the Charlottesville […]
Virginia Tech and Carilion form $15 million venture capital fund
Virginia Tech and Carilion Clinic have formed a new $15 million venture capital fund designed to catapult the startups taking root around Blacksburg and Roanoke’s so-called innovation corridor. About 60 percent of the investments will be in the life sciences industry and most will be based in Virginia. If they’re in another state, the companies […]
Norfolk biotech startup to get $150,000 loan from city’s new “Innovation Fund”
A startup that’s developing implantable devices to help regenerate injured tissue is the first recipient under Norfolk’s “Innovation Fund.” Embody LLC, founded in 2014, will get a $150,000 loan from the new venture-capital fund, which aims to help growing technology, science and health care companies. “We’re looking for ways to make Norfolk a more entrepreneurially […]
Inova launches investment fund to find personalized medicine innovators
Inova Health System, the giant nonprofit hospital network serving Northern Virginia, is creating a new start-up incubator and investment program focusing on “personalized” medicine innovations. Executives say they plan to invest at least $100 million over the next three to five years making $2 million to $5 million bets on promising young companies with products […]
Center for Innovative Technology (CIT) releases 2016 annual report on research commercialization and funding
The Center for Innovative Technology announced the release of the Commonwealth Research Commercialization Fund annual report for FY2016, which tracks the Fund’s investments in high-potential initiatives throughout Virginia. Outcomes reported in FY2016 by Fund awardees identify early returns on the Commonwealth’s investments. The CRCF was created by the Virginia General Assembly to accelerate innovation and […]