Maryland State university system plans to create $25 million investment fund for start-ups
The University System of Maryland plans to establish a $25 million fund to invest in startup companies created by students, faculty and recent graduates. The system, which includes 12 of the state’s public institutions, would invest $10 million in the Early Stage Investment Fund over four years. Another $15 million would come from the state, […]
Neil Woodford plugs £11.6m into start-up investor Imperial Innovations
Neil Woodford has added £11.6m to his stake in Imperial Innovations, a technology company that invests in start-ups ranging from payment apps to new drug treatments, underlining the respected fund manager’s confidence in British science research. The purchase boosts Woodford Investment Management’s existing 19.9pc holding in Imperial by nearly 2pc, and comes after the technology company placed £100m of new shares […]
KAUST-based Startup NOMADD Closes $1M Investment Round with KAUST Innovation Fund
KAUST-based startup NOMADD (NO-water Mechanical Automated Dusting Device) recently closed a Series A funding round from the KAUST (King Abdullah University of Science and Technology) Innovation Fund totaling USD 1,000,000. NOMADD is a smart and ecological desert solar panel cleaning system developed at KAUST by Georg Eitelhuber, NOMADD’s founder and current chief technology officer. NOMADD […]
Sacramento’s Innovation Fund Will Invest in Local Start-ups
The city of Sacramento will invest in local companies and start a grant program as part of a multimillion-dollar plan to bolster the community’s innovation economy, Mayor Kevin Johnson said Saturday morning. The city is going to invest $1 million in local companies this year, Johnson said. Selections will come from proposals submitted to a […]
University of Michigan’s Social Venture Fund Announces Investment in Querium
The Social Venture Fund, a student-led venture fund within theSamuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan’s Stephen M. Ross School of Business, today announced that it has participated in the early-stage bridge round for Austin, Texas.-based Querium, an edtech company that uses artificial intelligence to provide students […]
Winners Announced for $250K Innovation Fund Spring 2016 Cycle
The Chicago Innovation Exchange, in partnership with UChicagoTech and the Polsky Center for Entrepreneurship & Innovation held the University of Chicago’s Innovation Fund final presentations today, where four amazing companies competed for a share of the university’s $20 million Innovation Fund — up to $250,000 in proof-of-concept capital. It was an exciting morning, full of […]
Melbourne and Monash universities partner in new $80 million biomed fund
Melbourne and Monash universities have joined forces to create a fund worth up to $80 million to support early-stage biomedical research and bridge the commercialisation funding gap, with the help of the Victorian government. The initiative is a first for Australia and represents the increasing appetite from higher education institutions to spin out successful start-ups. The Victorian […]
SIC, Catalyst Fund ready to move on funds for New Mexico startups
New Mexico’s new state-backed Catalyst Fund is ready to make its first capital commitments to local micro funds that invest in startup companies around the state. Santa Fe-based Sun Mountain Capital, which is managing the new “fund of funds” for the State Investment Council, closed this week on $15 million in commitments from the SIC […]
€500,000 fintech start-up fund announced by Enterprise Ireland
Announcing a new start-up fund for fintech start-ups today (26 May), Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor, said the support was a “key part” of the current Government’s push to help key sectors. Providing €50,000 in equity to 10 selected start-ups in the fintech area, applications open at the start of June […]
Govt earmarks $15m towards commercialising hi-tech developments
The Government’s $15 million investment into initiatives supporting Kiwi start-ups is a step in the right direction but there’s still more to be done, a Massey University economist says. The Pre-Seed Accelerator fund is aimed at developing “cutting-edge” research into viable start-up businesses. Science and Innovation Minister Steven Joyce said hundreds of savvy hi-tech Kiwi […]