Belarus, Russia to set up venture capital fund in 2015
MINSK, 21 January (BelTA) – The Belarus-Russia venture capital fund is to be established in 2015, Chairman of the Belarusian State Science and Technology Committee Alexander Shumilin said at a press conference dedicated to the Day of Belarusian Science on 21 January, BelTA has learned. “We are in talks with a Russian venture capital company […]
Enterprise Ireland is now Europe’s biggest VC fund
That was the proclamation of Frank Ryan, the former CEO of Enterprise Ireland, in 2011. While there are some who may question the State taking such a large role in startup investments, it is hard to argue with the results. Enterprise Ireland-backed companies exported over €17bn of goods and services in 2013 and the organisation […]
IBM Watson Group Awards University of Texas at Austin Top Spot in Intercollegiate Competition
NEW YORK and AUSTIN, Texas, Jan. 15, 2015 /PRNewswire/ — IBM (NYSE:IBM) today announced the first winner of its Watson University Competition, part of the company’s partnership with top universities through its cognitive computingacademic initiative. The winning team of student entrepreneurs from the University of Texas at Austin will receive $100,000 in total in seed funding to help […]
Canadian CTI Life Sciences successfully raises new C$ 134 Million venture capital fund
MONTREAL, Jan. 15, 2015 /PRNewswire/ – CTI Life Sciences announced today the first closing of its second venture capital fund (“CTI II”), with C$134 million of capital now available for investment. The new fund includes reaffirmed support from CTI’s existing Québec institutional investors along with new investors Teralys Capital and BDC Capital via the Government of Canada’s Venture Capital Action Plan (VCAP). Montréal-based […]
China To Establish $6.5B State Venture Fund To Drive Innovation
China’s State Council has decided to establish a state venture capital fund with as much as RMB40 billion (US$6.5 billion) in capital to help support innovation and to upgrade its industrial sectors, according to a statement posted on the Chinese government’s official website. The fund will utilize capital from the central government’s fiscal budget and […]
Illinois Ventures Fund Grants $125K to University Researchers
Researchers from three universities in Illinois have received the first batch of funding from IllinoisVentures, a University of Illinois-born fund that launched in October and aims to accelerate the commercialization of new technologies. Five researchers from the University of Chicago, Northwestern, and the University of Illinois at Chicago received a total of $125,000 in grants […]
Massachusetts Gov. Baker Announces $4M Grant to Fuel Printed Electronics Cluster
LOWELL, Mass. – Gov. Charlie Baker today announced a $4 million dollar grant from the Massachusetts Technology Collaborative (“MassTech”) to UMass Lowell to support development of a printed and flexible electronics industry cluster, an emerging field that has the potential to become a $76 billion global market in the next decade. The new Printed Electronics Research […]
University of Albany starts $500K seed fund to help researchers apply for federal funds
The University at Albany is establishing a $500,000 fund to give its researchers seed funding so they can be more competitive in federal funding applications. The fund is part of UAlbany President Robert Jones’ strategy to nearly triple the amount of research expenditures at the public university. Researchers at UAlbany have until the end of […]
Michigan eLab invests in biotech startup for cancer research
Michigan eLab LLC, a venture capital firm founded in Ann Arbor last year by three veterans of Silicon Valley, has made its first local investment in Akadeum Life Sciences LLC, a startup that hopes to make it easier, cheaper and faster to prepare tissue, water or food samples for testing. Michigan eLab invested $150,000 in the […]
Washington State University innovators receive funding from commercialization gap fund
PULLMAN, Wash. – Thanks to grants from the Commercialization Gap Fund (CGF), seven Washington State University researchers are one step closer to realizing the public impact of their innovations. In collaboration with the WSU Office of Commercialization (OC), the recipients will work to reach key development milestones during the 12-month funding cycle. “We are pleased […]