Former INSEAD students set up $700K fund to invest in alumni start-ups
Two INSEAD alumni have started a new investment firm called InseadAlum Ventures in Singapore with a capital of nearly $700,000 to invest in start-ups founded by ex-students of the international business school. InseadAlum Ventures will invest between $35,000 and $140,000 in each start-up and will help develop it to a point where it can raise […]
Creation of Oklahoma Center for the Advancement of Science and Technology (OCAST) 30 years ago help fuel Oklahoma startup firms
Author, visionary, and predictor H.G. Wells has been called the father of science fiction. In his most famous book, “The Time Machine,” Wells propels his main character forward by more than 800,000 years to imagined worlds. When Wells was drafting this best-seller (long before there were any best-seller lists), the real world was at the […]
New Michigan state-backed funds to deploy $4.2 million to early-stage companies
Detroit-based nonprofit will manage a new statewide fund created to provide needed early-stage capital to startups in Michigan. Despite the name and initiatives focused primarily on community development in its hometown, Invest Detroit will spread funding from the $4.2 million, two-year First Capital Fund across the state. Invest Detroit intends to meet regularly with Michigan’s […]
Invest Georgia plows $3.25 million into Mosley Ventures
Atlanta-based Mosley Ventures has received a $3.25 million investment from Invest Georgia, a state-run venture capital fund. The General Assembly created Invest Georgia back in 2013, an initiative of Lt. Gov. Casey Cagle, to boost investment in Georgia-based growth and early-stage companies The VC fund was allocated $20 million out of an allowed $100 million […]
Two Purdue agricultural startups receive $100,000 from inaugural Ag-celerator fund
Two Purdue agricultural-based startups received investments totaling $100,000 from the Purdue Ag-celerator, a plant sciences innovation fund operated by Purdue Ventures, the capital access arm of the Purdue Foundry, with assistance from the Purdue College of Agriculture, Purdue Research Foundation’s Office of Technology Commercialization and the agricultural industry. Phicrobe LLC, a startup commercializing an innovative […]
The UAE announces legal system for venture capital funds
The move comes as part of the projects of the first batch of government accelerators launched earlier by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to expedite the process of achieving the National Agenda goals. “Approving the controls and obligations governing the venture […]
Irish Research Council awarded €30m to researchers in 2016
The Irish Research Council’s full-year figures for 2016 detail funding allocated to researchers across the country. In total, in 2016, the Irish Research Council (IRC) granted €30m in funding to 373 new researchers. Details released in late December showed that the largest sum of funding – €15.5m – was allocated to the Government of Ireland […]
University of Akron unveils $500K Spark Fund program to fund student, faculty innovations
The University of Akron Research Foundation is unveiling a new program called the Spark Fund to help develop new innovations and technologies among graduate students and faculty.The program, which aims to foster innovations leading to university start-ups, will pay to prototype and test five to seven innovations in 2017, thanks to matching funding from the Ohio […]
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 […]
From prototype building to VC investment, Ohio State University more active in nudging technology to market
Ohio State University is taking a more hands-on approach to getting technology from its labs to market, from regulatory help to prototype building, in hopes of boosting the odds of a commercial success. “We have taken the active initiative of taking early stage inventions such as pharmaceuticals, engineering and other inventions and perform the proof […]