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
China To Establish $6.5B State Venture Fund To Drive Innovation
China’s State Council has decided to establish a state venture capital fund with as much as RMB40 billion (US$6.5 billion) in capital to help support innovation and to upgrade its industrial sectors, according to a statement posted on the Chinese
Canadian CTI Life Sciences successfully raises new C$ 134 Million venture capital fund
MONTREAL, Jan. 15, 2015 /PRNewswire/ – CTI Life Sciences announced today the first closing of its second venture capital fund (“CTI II”), with C$134 million of capital now available for investment. The new fund includes reaffirmed support from CTI’s existing Québec institutional investors along with new
IBM Watson Group Awards University of Texas at Austin Top Spot in Intercollegiate Competition
NEW YORK and AUSTIN, Texas, Jan. 15, 2015 /PRNewswire/ — IBM (NYSE:IBM) today announced the first winner of its Watson University Competition, part of the company’s partnership with top universities through its cognitive computingacademic initiative. The winning team of student entrepreneurs from the
Enterprise Ireland is now Europe’s biggest VC fund
That was the proclamation of Frank Ryan, the former CEO of Enterprise Ireland, in 2011. While there are some who may question the State taking such a large role in startup investments, it is hard to argue with the results.
Michigan eLab invests in biotech startup for cancer research
Michigan eLab LLC, a venture capital firm founded in Ann Arbor last year by three veterans of Silicon Valley, has made its first local investment in Akadeum Life Sciences LLC, a startup that hopes to make it easier, cheaper and faster
University of Albany starts $500K seed fund to help researchers apply for federal funds
The University at Albany is establishing a $500,000 fund to give its researchers seed funding so they can be more competitive in federal funding applications. The fund is part of UAlbany President Robert Jones’ strategy to nearly triple the amount
Wichita State University Ventures announces winners of $100K in innovation funding
WSU Ventures at Wichita State University has awarded seven innovators with more than $100,000 in funding through the Competitive Innovation Accelerator Shock Tank competition. The projects receiving funding expect to add a combined 90-plus jobs to the Kansas economy by
€85m VC fund to support Irish life sciences sector
Enterprise Ireland has invested €15m in a new life sciences venture capital fund that has the potential to create 1,000 Irish jobs. Ireland’s largest life science venture capital fund, Fountain Healthcare Partners yesterday announced the initial closing of an €85m
University of Chicago Innovation Fund Awards $400,000 to 4 Startups
Four startups affiliated with the University of Chicago received part of a $400,000 investment from the UChicago Innovation Fund, a five-year-old initiative managed by the Chicago Innovation Exchange that invests in promising early stage projects run by university students, staff and
Infosys beefs up innovation fund to $500 mn
Infosys will expand its ‘Innovation Fund’ five times to $500 million to provide financing to start-ups and new technologies like artificial intelligence. “I am very excited that our board has approved expanding our start-up funding firm from $100 million to