$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 […]
Meet the 10 startup grads from the Portland Seed Fund
A new crop of startups from across Oregon graduated today from the Portland Seed Fund. The companies just completed a 3-month bootcamp as part of the fund, which has now graduated six classes and 56 companies in its four years of existence. Many of the startups raised separate investment rounds while in the program, including […]
Chicago Innovation Exchange announces six finalists for grant
Chicago Innovation Exchange (CIE) announced the six finalists now in the running to receive backing from the Innovation Fund in a statement released last week, including proposals for a new drug to test for multiple sclerosis and a series of data collection tools able to transmit data without Internet, among others. The Innovation Fund, run […]
MIT Energy Initiative awarding $1.65 million in seed funds for innovative early-stage energy research
The MIT Energy Initiative (MITEI) has announced it is awarding more than $1.65 million in grants under its annual MITEI Seed Fund Program to support innovative, early-stage energy projects across campus. For 2015, a total of 11 projects are receiving $150,000 each for research lasting up to two years. Funding is provided by MITEI’s founding […]
Aalto’s first ERC Proof of Concept grant to DRAM technology
Memory technologies that are used in computers, smart phones, tablets, etc. can be coarsely divided into two classes: fast but volatile DRAMs (dynamic random access memory) and non-volatile flash memories. Racetrack memory based on the controlled motion of magnetic domain walls is a promising new technology for next generation memories, because it combines the speed […]
IDEA Reaches Gap Funding Milestone: 6 Ventures Receive Non-Equity Grants
Northeastern University’s Venture Accelerator IDEA recently reached a monumental milestone in their mission to coach, fund, and launch ventures: in February, IDEA completed its largest round of Gap Funding that provided six ventures with $10,000 to overcome a specific gap in each of their businesses. The bi-monthly Gap Fund IDEA provides ventures the opportunity to […]
Wichita State to host $2.5 billion technology seed fund event April 30
Area innovators, entrepreneurs, researchers and small technology firms are invited to take advantage of a special opportunity as Wichita State University hosts the SBIR Road Tour from 7:30 a.m.-1:30 p.m. Thursday, April 30, on the second floor of the Rhatigan Student Center. The SBIR Road Tour event represents America’s largest seed fund, and is a […]
With GAP fundng, UI professor creates urgent seizure treatment device
When an individual with epilepsy has a seizure, he or she needs quick delivery of an anticonvulsant drug. That’s why Max Baker, UI associate professor in the anesthesia department, has been working for two years on a rapid, easy-to-use, buccal drug delivery device for the urgent treatment of seizures. The buccal device sits between the […]
$500K grant will drive innovation at Penn State TechCelerator
U.S. Secretary of Commerce Penny Pritzker announced that the TechCelerator@State College is among the first of 26 recipients of the 2014 Regional Innovation Strategies program grants. Penn State received a $500,000 i6/Cluster Grant for Seed Capital Funds to further develop the TechCelerator@State College, a pre-accelerator that is specifically designed to allow technologists who have not identified […]
MassDevelopment issued a $175000 revolving bridge loan from the Emerging Technology Fund
MassDevelopment issued a $175,000 revolving bridge loan from the Emerging Technology Fund to Dynamo Micropower Corporation. Dynamo Micropower Corporation is a privately-held developer and manufacturer of fuel-flexible micro-turbine based power generation systems for the oil and gas industry, located in Somerville, Massachusetts.Dynamo has developed a scalable 15-75kW flexible-fuel, portable micro-turbine platform that meets the power […]