UAE Venture fund helps Mena region tap into expertise of veteran investors
Most technology investors are hunting future “unicorns”, as start-up ventures valued at US$1 billion or more are known. But with millions of businesses launching each year, these are proving ever elusive. Step in one new fund aimed at Middle Eastern investors, which – while certainly not promising to scout out the next Facebook – does […]
Rhode Island is boosting innovation grants to $1.5M
Gov. Gina M. Raimondo opened the second round of the state’s Innovation Voucher Program last week, soliciting applications from Rhode Island companies with fewer than 500 employees to apply for grants of up to $50,000 to fund research and development. About $1.5 million in funding is available in the 2016-17 fiscal year, the second year […]
Invest Georgia putting state’s money to work
Georgia’s state-run venture capital fund expects to allocate the first $10 million it received from the state by the end of the year, the fund’s executive director said Thursday. Knox Massey of Invest Georgia told a Georgia Senate study committee he is in “deep discussions” with two investment funds and in conversations with two others. […]
Enable Injections to triple Cincinnati workforce after landing $30 million in Series A funding
Enable Injections plans to triple its workforce as a result of $30 million in funding lined up by the Cincinnati health care company. The firm was founded in 2010 and now employs about 50, but it intends to add 100 workers by the end of 2018 as a result of the Series A funding. “It […]
BC $8.7M Investment Unlocks Canadian National Initiative To Accelerate Discovery And Innovation
Today the B.C. Government announced an $8.7 million investment in a national initiative to bolster Canada’s world-class rare-isotope capabilities. The contribution from the B.C. Knowledge Development Fund (BCKDF) supports TRIUMF’s Advanced Rare Isotope Laboratory (ARIEL), a two-phase multidisciplinary research facility that will advance our fundamental understanding of the world in which we live. The ARIEL […]
Nevada’s Sierra Angels program will help incubate University-based projects
The Sierra Angels, Nevada’s premier, early-investor funding group, is launching a new program and fund to help incubate ideas and projects created through the University of Nevada, Reno that have potential for reaching the marketplace. The recently created Sierra Innovations and its Entrepreneur Fund will facilitate the development of successful innovation-based, scalable startup companies in […]
Gov. Brown approves $22 million to fund entrepreneurship at U California System
University of California campuses have more resources to develop real-world applications for technology after Gov. Jerry Brown approved $22 million in funding Friday. Brown signed Assembly Bill 2664, which provides $2.2 million in one-time funds to the 10 UC campuses to pay for incubator space, equipment, entrepreneurial training, legal services and other entrepreneurial tools. State […]
KAUST, SABB launch startup accelerator plan
The Saudi British Bank (SABB) and King Abdullah University of Science and Technology (KAUST) are launching the KAUST-SABB University Entrepreneur Accelerator “TAQADAM.” The program aims to help early stage university student and faculty entrepreneurs at Saudi universities develop their concepts into high-potential startups. “We believe this will significantly support the ongoing work at Saudi universities […]
Applications open for second round of Northwestern University N.XT $10M Fund investments
The N.XT Fund is now open and collecting applications for its second round of investments. The $10 million innovation fund was provided by the University to support Northwestern’s early-stage innovations that are too advanced for federal funding but too early for private investment. The goal of the fund is to de-risk assets owned by Northwestern and propel them to the […]
NC Idea grants awarded for statewide network of entrepreneur support organizations
The Greensboro Partnership’s Entrepreneurs Connection was one of nine grant winners announced last week by the NC IDEA Foundation, a private foundation committed to supporting entrepreneurial business innovation and economic advancement in North Carolina. The grants totaled $1.175 million and went to organizations throughout the state that support entrepreneurs and promote entrepreneurship. “Today’s announcement begins […]