Seeking to boost the state’s innovation economy — and profit from it — the University of California plans to finance spinoff companies with the largest fund of its kind in the nation. The system’s Board of Regents approved the $250 million fund Wednesday, and the program is set to start operating next year.
PrecisionHawk, an IU-funded venture that deploys unmanned aerial vehicles (UAVs) to collect and process data for various commercial users, today disclosed a second round of funding that totals nearly $10 million.
The state is launching a $500,000 seed fund to encourage tech spinoffs from Illinois universities. Many of the universities, such as University of Illinois at Chicago and University of Chicago, already have their own larger funds aimed at moving ideas from the lab to the commercial market.
Maine Venture Fund Partners with private investors to fuel the growth of Orono Spectral Solutions, Inc
The Maine Venture Fund (MVF) and private investors provided OSS with equity capital, following on the successful execution of numerous Federal SBIR and Broad Agency Announcement awards that funded the development of their existing commercial products.
The University of Cambridge is raising a third enterprise fund this month having broken its early stage investment record for a second year running, approving nine seed fund investments for a total of £2.7 million – an increase on the £2.3m invested in 2012/13. Cash raised from its portfolio is being recycled in an exciting
The Saïd Business School Seed Fund, a student-run investment fund at Oxford University, just invested £25,000 in Massolit, an educational publisher of online courses. SBS has made a record number of investments this year.
Seattle Angel, which over the last three years has focused on introducing more qualified people to angel investing, plans a Northwest-focused investment fund set to begin early next year.
The Moscow Seed Fund and nanotech centre Technospark have invested $156k in company NSL’s medical laser drill. The instrument is designed for contactless puncturing of the finger tissue for blood analysis. The money will allow NSL to take the drill into mass production.
The University of California is planning a $250 million venture-capital fund to finance startup companies stemming from research conducted by its faculty and students.
PORTLAND, Ore. Two of Oregon¹s signature research centers, Oregon BEST and ONAMI, today announced $400,000 in commercialization funding for Bend, Ore.-based startup Onboard Dynamics, Inc. The funding secures a $3-million grant from the U.S. Dept. of Energy¹s Advanced Research Projects Agency-Energy (ARPA-E), which invested an initial $1 million in the project two years ago.