NanoCnet wins $35,000 at University of Waterloo Velocity Fund Finals
The University of Waterloo’s Velocity program has announced the winners of its latest Velocity Fund Finals. NanoCnet , Envoi, Shiftride, and Tabnex each received $25,000 in funding, and were admitted to the Velocity Garage startup incubator. “The Waterloo-Toronto Corridor is punching way above its weight at producing globally competitive, high-growth companies.” – Jay Shah NanoCnet, a company developing technology […]
University of Maryland start-up bought by Royal Phillips
A start-up company launched with technology licensed from the University of Maryland School of Medicine was bought by Royal Philips, the global health technology firm announced. Baltimore-based Analytical Informatics Inc. and its technology will be rolled into the Philips unit Philips Radiology Solutions, expanding its offerings more quickly. “Integrating Analytical Informatics’ software tools and applications […]
Maryland TEDCO Awards Funds to Nurture Startups
TEDCO announced at the annual Entrepreneur Expo on Oct. 25 that it would award $125,000 to each of the six teams, which had emerged from a field of 51 applicants. Collaborative teams from around the state had accepted the incubation challenge, which the quasi-public entity opened in June with a promise to give $300,000 to […]
Proposed $10 million VC fund would target health care startups
HOLLAND — Partners in a firm that invests in medical device innovations are considering forming a new $10 million venture capital fund to back early-stage health care startups, MiBiz has learned. Organizers behind Cultivate(MD) are laying the groundwork and gauging interest for a private placement with about 30 existing investors now involved in Genesis Innovation Group LLC. They also could extend […]
Bruton Launches New International Fund for Irish Universities
The government will give Irish universities €500,000 to promote collaboration with universities from around the world. A new fund, set to be managed by the Higher Education Authority (HEA), will make the funding available to colleges across the country. The International Academic Mobility Programme will see €500,000 made available to Irish higher education institutions to […]
Startup Accelerators Have Become More Popular in Emerging Markets — and They’re Working
For decades, we have heard that emerging markets are poised for huge growth that will yield even greater prosperity. But a long list of obstacles always seems to be getting in the way of realizing this potential. Startup accelerator programs have been touted as one path to faster progress. Much like their famed Silicon Valley counterparts, emerging […]
University spin-out secures NPIF backing
A Lancaster University spin-out whose customers include Disney and Unilever has secured backing from the Northern Powerhouse Investment Fund (NPIF). Maven Capital Partners has invested into Lancaster-based Relative Insight on behalf of the fund. Maven was appointed earlier this year to manage the £57.5m NPIF – Maven Equity Finance fund, which focuses on providing flexible equity funding […]
New Zealand government investing NZ$248 million over 5 years in 68 new science research projects
The New Zealand government has awarded funding of NZ$248 million, to be invested over the next five years to 68 new science research projects that are expected to benefit New Zealand environmentally, economically, and socially. The Science and Innovation Minister, Paul Goldsmith, announced that the amount has been invested through the Ministry of Business, Innovation and Employment’s (MBIE) 2017 […]
University of Malta Seed funding awarded to entrepreneurs and researchers in the maritime field
A total of €67,500 was awarded to four teams of researchers and entrepreneurs through MarSA, the Maritime Seed Award, set up jointly by Malta Marittima and the University of Malta. The awards ceremony took place at the University TAKEOFF Business Incubator and was attended by Rector, Prof. Alfred J. Vella, Dr Daniel Aquilina, Chairman of […]
RMIT, others Melbourne startup incubator to open with $80m in financial support
The City of Melbourne has announced a new startup incubator and accelerator space that will open in the Melbourne CBD. The Jiangsu-Victoria Innovation Centre will not only provide startups access to coaching, universities, research institutes and the Chinese-based Suzhou accelerator space to expand their reach into Asia, but they will also benefit from the $80 […]