King Saud University plans fund to back research in scientific fields
King Saud University (KSU) will launch a fund to support and promote scientific research in various universities across the Kingdom.Dr. Ahmed bin Salim Al-Ameri, vice rector of the KSU Graduate Studies and Scientific Research (GSSR), recently announced this during an award ceremony at the Saudi Dental Society (SDS).The function was held on the sidelines of […]
University College London sets up £50 million fund for technology commercialisation
University College London (UCL) has established a £50 million fund to invest in intellectual property developed on its campus. The fund will provide money for academics to do initial proof of concept work, licensing projects and forming start-ups. Although UCL research has in the past formed the basis of 67 companies, this is the first […]
Georgia’s long-stalled startup fund is set to place its first $3M bet
A long-stalled Georgia program that uses taxpayer money to attract more funding for homegrown firms is set to make its first investment with a plan to funnel $3 million into an Atlanta-based financial services venture capital fund.The investment in TTV Capital would be the first by the Invest Georgia program, a favorite of Lt. Gov. […]
Egypt to launch $100m VC fund
Egypt’s Information Technology Industry Development Agency (ITIDA) is set to launch a US$100 million venture capital (VC) fund in 2016, in a bid to stimulate innovation and entrepreneurship in the country’s ICT sector.Speaking to Disrupt Africa, ITIDA said the agency plans to launch one or more VC funds across the year, in collaboration with the […]
Israel Venture Funds on Track to Raise $1.5 Billion for 2015
Israel’s venture capital funds raised $1.02 billion last year for investment in startup companies – a figure that may still grow by $500 million to the highest total in many years, the IVC Research Center and accounting firm KPMG said in a survey released Tuesday. Israeli VC funds raised less than the $1.21 billion they […]
African Technology Innovation Agency (TIA) seed funds inspirational
A START-UP is one step closer to getting its innovative software solution that tackles online piracy to market, following R500,000 in seed funding it received from the Technology Innovation Agency (TIA).Custos Tech is one of almost 300 projects the agency, an initiative of the Department of Science and Technology, has assisted with seed funding in […]
Partners expands life sciences innovation fund to $100M
Partners HealthCare is expanding its Innovation Fund from $35 million to $100 million, the Massachusetts health system announced today at the J.P. Morgan Healthcare Conference.The fund, which was launched as an experiment in 2007 with funding from Brigham & Women’s Hospital and Massachusetts General Hospital, provides startup capital to early stage life sciences companies. To date, it has […]
Ohio State-Ohio University early-stage venture capital Innovation Fund could be coming soon
Innovation doesn’t happen overnight.That much is clear when looking at the delayed start of a joint venture-capital fund by Ohio State University and Ohio University.EnlargeThe Ohio State University seal.DOUG BUCHANANThe schools announced the OSU-OU Innovation Fund in April 2012, with Ohio State committing $20 million and Ohio University promising $15 million.A VC fund in California […]
New Mexico Investment Council OKs new startups fund
The State Investment Council drew broad praise on Tuesday for approving a new funding program that could allow up to $40 million or more to flow into startup companies statewide.The council unanimously approved the establishment of a new $20 million “fund of funds” that will provide money to micro funds around the state that invest […]
UChicago Healthcare, Agtech Startups Funded Through Innovation Fund
The University of Chicago Innovation Fund announced two healthcare startups and one agriculture IT startup will receive $550,000 total in the most recent round of funding.Navipoint Genomics LLC will receive $175,000, Praedictus Climate Solutions will receive $125,000, and RiMO Therapeutics will receive $250,000, the Fund announced Thursday.These startups were chosen from five that presented to […]