Serra Ventures at U Illinois hopes to raise $50M in new fund, invest in 50 startups
Serra Ventures, a venture capital firm focused on Midwestern companies is on its way to raising $50 million, and it’s eyeing a handful of potential investments. Serra Ventures, at the University of Illinois at Urbana-Champaign’s Research Park, aims to nearly triple the size of its second fund and invest in 40 to 50 startups through its third fund, launched in […]
U Illinois Announces Newest Round of POC Recipients, 7 Awards
The Office of Technology Management (OTM) is proud to announce the 2015 awardees of the Illinois Proof-of-Concept Funding Program (I-POC). I-POC funds development projects that will help demonstrate an innovation’s viability to potential investors and partners. 2015 I-POC Award Recipients: This year’s I-POC award recipients were selected from a stellar pool of applicants from colleges […]
University of Illinois-Urbana Champaign details proof of concept initiatives, recent recipients
There is a well-known funding gap between basic laboratory research and the resulting commercial products. Proof of Concept (POC) funding has proven to be a crucial element in bridging this so called “valley of death” between research and development. The goal of POC funding is to “de-risk” an invention such that the technology is more attractive for […]