GAP Community News
The University Gap Funding/Accelerator Weekly update, a resource for those interested in university-affiliated translational research, proof of concept, startup, and venture gap fund/accelerator program
University Gap Funding and Accelerator Community News
Facebook Pioneer’s $75 Million Gift to UCSD Is Largest from a Graduate
Facebook pioneer Taner Halicioglu is donating $75 million to his alma mater UC San Diego to jump start a $2 billion fundraising campaign. Halicioglu joined Facebook in 2004 and managed operations through its first million users. He now leads the Seed San Diego
Upside Biotechnologies raises $2.3 m in funding round
Upside Biotechnologies, a regenerative medicine start-up, said it has successfully raised $2.3 million in its Series A funding round. The Auckland-based company is developing an advanced, world-class skin replacement treatment for patients suffering major burns. The capital raised will be
DOD’s $250 million rapid innovation fund
The Pentagon will begin taking submissions for its Rapid Innovation Fund (RIF) at the end of the month, according to a March 17 announcement. The fund is used to quickly test and integrate innovative technologies that solve critical national security needs. Mature prototypes
London has attracted a tech fund led by Saudi Aramco, BP and other oil majors looking to collaborate and innovate
Oil and Gas Climate Initiative’s (OGCI) Climate Investments fund aims to invest in and accelerate the commercial development of new emissions-reducing technology. It first announced its plan to push £1bn over 10 years into tech innovation in 2016. OGCI is
Remita Seed Fund Invests N3m In 3 Nigerian Startups
Remita Seed Fund, a venture capital arm of SystemSpecs, leading financial technology firm and owner of Remita, has given financial support of N3 million to three technology startups. Each of the companies received N1 million to accelerate their venture. The
Selena Gomez establishes new fund for Lupus Research at University of Southern California
People magazine reports that Selena recently made a donation to the University of Southern California’s Keck School of Medicine to establish the Selena Gomez Fund for Lupus Research. Selena revealed in 2015 that she suffered from the autoimmune disease, and
NJBIZ Exclusive: Hackensack Meridian entering innovation and incubator space with $25M fund
The board of Hackensack Meridian Health has approved a $25 million capital fund so the state’s second-largest health system can dive into the world of innovation and incubators, NJBIZ has learned. Hackensack Meridian officials said the effort is viewed as
University System of Maryland Launches $25 Million Maryland Momentum Fund to Back Start-Up Companies Formed from Campus Research
To increase new company creation and commercialization of its leading-edge research, the University System of Maryland (USM) is launching a $25 million early-stage investment fund to be known as the Maryland Momentum Fund. The money-raising process for start-up companies typically
Research Park Corporation incubator, venture fund generate $196 million economic impact
Research Park Corp. and affiliated organizations that include a technology business incubator and venture fund posted a total economic impact of $196 million in 2016, generated 3,100 direct and indirect jobs with a payroll of more than $83 million, officials said
Imperial College innovative projects receive funding thanks to new Excellence Fund
In her March 2016 President’s Address, Professor Alice Gast highlighted the importance of excellence in teaching and research. She dedicated £1 million per year to reward excellence while promoting courageous and innovative ideas in research and teaching. This is part