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 […]
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 […]
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 […]
Georgia Metro Chamber sets $20M goal for state-run venture fund
After the new state-run venture capital fund received its initial appropriation very late in last year’s legislative session, the Metro Atlanta Chamber is taking no chances with a new round of funding. Chamber officials are lining up early support for another $20 million for Invest Georgia to go with the $10 million Gov. Nathan Deal […]
A billion in VC funding is real money for Chicago
More venture capital flowed into Chicago startups in 2014 than any year since the dot-com boom 15 years ago, topping $1 billion. But while all that cash makes it easier to launch and grow a company here, funding levels still lagged behind those of other big cities. The year started off anemically, with barely more […]
National Taiwan University student venture fund makes headway
A National Taiwan University venture capital fund is making headway in bringing student-developed products to market and helping the institution’s young inventors realize their potential. NTU Garage has assisted around 3,000 students in starting businesses over the past seven years. This number looks set to increase as the fund secures more tie-ups with foreign investors […]