Ohio Capital Fund notches 8.7 percent return on investment since 2006 founding
Ohio’s $150 million state-backed fund for venture-capital investments is showing stronger returns and has attracted more than $1 billion investment to the state, but still is performing below expectations. The Ohio Capital Fund LLC has generated an 8.7 percent annualized return from 2006 through the end of last year, fund managers on Thursday told the […]
Virginia universities receive $220K on ag research grants
At its recent meeting in March, the Virginia Agricultural Council (VAC) reviewed research project proposals and funded 21 new projects totaling almost $220,000, as well as more than $45,000 for four new projects for lawn and turf research. It also extended funding for a second year on five projects totaling nearly $50,000. In 1966 the […]
Innovation Fund 2 is NC’s Investing Tool into Growth Startups
Last Wednesday, N.C. Treasurer Janet Cowell talked to investment leaders such as Falfurrias Capital Partners’ Hugh McColl and Bull City Venture Partners’ Jason Caplain. The goal of the discussion was to update private equity on the return’s of North Carolina’s first investment fund and to announce the second larger fund. The first fund -Innovation Fund – was and a […]
Mercia launches start-up competition for Life Sciences Sector
Mercia Fund Management (MFM), one of the leading UK technology investors, announces the launch of its quarterly start-up competition, The Pitch, with the chance for the winner to receive £3000. This quarter’s competition focuses on businesses within the Life Sciences sector. Mercia is currently inviting applications from the life science sector, specifically biotechnology, medical devices […]
Med tech start-up exits Bank of Ireland Seed Fund with US$21m valuation
Galway med tech company neoSurgical has become the first start-up to exit the 2009 Bank of Ireland Seed and Early Stage Fund after raising US$6m from US investor SAIG. Kernel Capital said that it has commenced the formal divestment of the 2009 Bank of Ireland Seed and Early Stage Fund, which has a portfolio of almost […]
$200 million for Australian Medical Research Commercialisation Fund
Brandon Capital Partners, the manager of the Medical Research Commercialisation Fund (MRCF), has announced the closing of a $200 million life science venture capital fund. It is the third MCRF fund to be raised by the company and will be Australia’s largest ever life science venture fund. Over 50 medical research institutes and research hospitals […]
Russia, China partner on $200 million venture fund, tech incubator
The United States isn’t the only place in the world where money is pouring into high-tech innovation. On Tuesday, Russian prime minister Dmitry Medvedev’s Skolkovo Foundation for technical development and the Chinese Cybernaut Investment Group agreed to create a $200 million venture fund, a startup incubator for Russian businesses and a new Chinese robotics center, […]
State allocates $250M for second N.C. Innovation Fund – Triangle Business Journal
On Wednesday, State Treasurer Janet Cowell announced a new $250 million North Carolina Innovation Fund. Two-thirds of the sum will be earmarked for co-investments in diverse industries, including growth sectors in the state. The remaining third will have a multi-stage focus, according to Cowell’s office: venture, growth, buyout and mezzanine. The announcement, made alongside former […]
University of Oregon spinoff companies receive state innovation grants
Two companies spun out of research conducted at the University of Oregon are among five Oregon startups that will share $300,000 in state innovation grants for small businesses. The companies — SupraSensor Technologies and NemaMetrix — will receive a combined total of more than $110,000 from Business Oregon, the state’s economic development office, to help […]
$35M OSU-OU venture capital fund ready to launch
Three years after its unveiling, the $35 million venture-capital fund being pooled by Ohio State University and Ohio University is taking concrete steps toward launching. The OSU-OU Innovation Fund has selected a managing partner and expects to announce the pick this month, pending final contract negotiations, said Stephen Golding, Ohio University’s vice president for finance […]