Invent Penn State’s Fund For Innovation helps start seven new ventures
A little less than two years after the launch of the Fund for Innovation, Invent Penn State has backed nearly 50 emerging Penn State technologies and has provided startup funding to promising new ventures that were born out of the program. “Although many universities have commercialization programs,” said Vice President for Research Neil Sharkey, “the […]
University of Malta puts up €100,000 in seed funding to help start-ups take off
Entrepreneurs, start-ups and researchers can tap €100,000 in seed funding offered by a University of Malta award. The Take Off seed fund award (TOSFA), now in its fourth year, seeks to aid entrepreneurs, start-ups and researchers mould their ideas and technologies into investor-ready and market-ready businesses. Entrepreneurs and start-ups devoted to furthering their ideas for […]
Education Ministry and Qatar National Research Fund boost young scientists
Projects developed by the brightest young scientific minds from schools across Qatar have been placed in the spotlight through a new national competition organised by Qatar National Research Fund (QNRF), a member of Qatar Foundation Research and Development (QF R&D), and the Ministry of Education and Higher Education. 2,127 students — 31 percent of whom […]
Houston Methodist Receives $21M Commitment to start three new funding programs
Houston Methodist recently received a $21 million commitment – the largest nonestate pledge in its almost 100-year history – to speed up the development of new treatments and therapies for patients suffering from injury and illness. The Houston Methodist Research Institute will use this gift from the Jerold B. Katz Foundation to support translational research, […]
Company founded by two Marquette University researchers raises $26 million in funding
Promentis Pharmaceuticals, a Milwaukee company co-founded by Drs. John Mantsch and David Baker, researchers from the Marquette University College of Health Sciences, raised $26 million, including $17.2 million in its third funding round. OrbiMed, F-Prime Capital Partners (formerly Fidelity Biosciences) and Aisling Capital were the lead investors. This is exceptional syndicate of investors, particularly for […]
U of Wyoming Recipient of ExxonMobil Innovation Fund Grant for Student-Led Research Projects
The University of Wyoming is among seven schools — three from the United States, two from Brazil, and one each in Colombia and Mexico — to receive grant money for collaborative research projects, and to increase bilateral mobility of U.S., Latin American and Caribbean students through study abroad program development. UW is one of the […]
A $150 million fund, The Engine, will back startups others find ‘too hard’ | TechCrunch
A fund and accelerator for advanced technology startups, The Engine, closed its debut fund at a robust $150 million this week, according to its president, CEO and managing partner, Katie Rae. Last year, TechCrunch reported that MIT was investing $25 million into The Engine, becoming the anchor LP for the fund. While The Engine is […]
Ideadvance Seed Fund now open to some U Wisconsin System alumni
The Ideadvance Seed Fund, previously limited to students, faculty and staff of the university system, has now been extended to include UW System alumni – except those who attended University of Wisconsin-Madison. The seed fund is seeking applications through April 28 from alumni who have a business idea related to advancing the “knowledge economy” in […]
Offaly researchers eligible for €2.5 million Irish frontier research fund
A new programme outlined by the Irish Research Council will make €2.5 million available for frontier research and researchers in Offaly are being encouraged to apply. The Laureate Awards programme was officially launched by the Minister for Education and Skills, Richard Bruton TD, and the Minister for Training, Skills and Innovation, John Halligan TD on […]
MIT venture fund raises $150 million for technology startups
Massachusetts Institute of Technology’s new investment fund raised more than $150 million to support startup companies developing scientific and technological innovations. MIT said Thursday that it contributed $25 million to the Engine Accelerator Fund I, which the Cambridge, Massachusetts-based university controls. The rest of the money was raised from a small group of unidentified investors […]