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 […]

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 […]

Kickstart Seed Fund Raises $26M For Mountain West Start-ups

Kickstart Seed Fund, the venture organization created to support startups in the Mountain West part of the United States, has raised $26 million to support its second fund. In the process, it has also added two industry veterans to its management team: Former Skullcandy VP of Global Business Development Clarke Miyasaki and former vSpring/Signal Peak Director of […]

University of Illinois At Chicago, illinoisVentures Launches New $10M POC/Seed Funds

The University of Illinois at Chicago is launching a $10 million fund to help inventions advance from the research stage toward potential commercial opportunities, becoming the latest academic institution in the area to channel increased resources toward homegrown startup activity. The Chancellor’s Innovation Fund will allocate $2 million a year for five years. Each year, […]