India Sets Up $1B Innovation Fund

The Indian government has outlined a plan to set up Rs.5,000 crore (nearly $1 billion) fund to facilitate innovation and entrepreneurship, top official said Thursday. The government would initially contribute $20 million (Rs.100 crore) to the India Inclusive Innovation Fund. The remaining amount would come from scheduled banks, insurance companies, financial institutions, corporates, high net […]

Forbes Covers Northeastern University IDEA Grants

In the age of startup-mania, accelerators, incubators and the constant search for venture capital,Northeastern Universityis taking a proactive approach to getting would-be founders to an entrepreneurial happy-place. IDEA calls itself a “venture accelerator,” The three-year-old program within the university was founded by students who – after coming face to face with the harsh realities of […]

Microfunding Site, TerraYebo, Gets $100K From MI Automation Alley

The Automation Alley Seed Fund has struck again, investing $150,000 into TerraYebo. This is the Troy-based business accelerator’s second six-figure investment in the micro-funding website start-up. It invested $100,000 in the Madison Heights-based firm earlier this year. “Our investment committee liked their entrepreneurial team,” says Thomas Anderson, senior director for Automation Alley. “We thought they were […]

Purdue Research Foundation, Alumni Network Team On Start-ups

WEST LAFAYETTE, Ind. — A new all-volunteer, nonprofit group composed of Silicon Valley-based Purdue University alumni could provide Purdue innovators and entrepreneurs with support to commercialize the university’s innovations. Silicon Valley Boiler Innovation Group (SV BIG) links established California venture capitalists, angel investors, entrepreneurs and industry officials who graduated from Purdue with Purdue entrepreneurs attempting to launch their […]

Wisconsin Lawmakers Propose $75M State Seed Fund

Madison lawmakers proposed a new venture capital plan last week, the latest step in their two-year slog to help create an entrepreneurial renaissance. Meanwhile, groups of entrepreneurs, mostly concentrated in Madison and Milwaukee, continue their attempts to spark that renaissance from the ground up. And they’re using a new “lean start-up” method that’s a departure […]

University of North Carolina Wilmington Announce New Venture Fund

University of North Carolina Wilmington officials on Friday announced the creation of a venture capital fund to “support business and economic development” in the Wilmington area. The proposed fund will be part of the school’s Entrepreneurship Center, which will be renamed the Center for Innovation and Entrepreneurship when it opens in a new off-campus building […]

New Mexico Angels Support University Start-ups To Tune Of ~$1.5M Per Year

The New Mexico Angels, a local angel investment group, remains the bright spot of investment activities in what has been several years of gray skies for the state’s venture capital community. Angel investments have been critical to funding the early stage technologies coming out of the University of New Mexico. The Angels formed two start-up […]