LANSING, MICH. — The Michigan Strategic Fund (MSF) board of directors has designated $6.8 million for the Michigan Pre-Seed Fund 2.0, a statewide investment fund aimed at supporting high-tech early stage companies. Read more…
The University of Malta today launched the Take-Off Business Incubator, along with the launch of the Seed Fund Award in the presence of Economy Minister Chris Cardona and Education and Employment Minister Evarist Bartolo.
The Office of Technology Management (OTM) is proud to announce the 2014 awardees of the Illinois Proof-of-Funding Concept (I-POC). I-POC is an innovative program designed to fund development that will demonstrate and improve an innovation’s market viability to potential investors and partners. Read more…
LAWRENCE — The University of Kansas continues to move innovations from the laboratory to the marketplace. As part of this effort, four KU research projects that are near the commercialization stage have been awarded $50,000 each through the university’s Proof of Concept Fund.
The Proof of Concept (POC) Fund supports KU projects that have the potential to produce new products, technologies and cures in the near future. The POC Fund supports projects for one year to make the technologies more attractive for private investment, ideally within 12 months of being awarded funding. The fund supports all areas of technology, including electronics, software, communications and engineering. Supported projects must have industry involvement. Read more…
A group of alumni from UC San Diego has created an early stage venture capital fund that will target startup companies created by university students, faculty and graduates.
The modest, roughly $8 million Triton Technology Fund unveiled late Wednesday expects to provide capital to entrepreneurs looking to commercialize technology developed at the university. Read more…
Cambridge University has pocketed millions of pounds on a seed investment it made seven years ago in a company that makes “test tube patients” for drug research.
The university made £3.17m, more than 30 times its original investment, after selling its stake in Horizon Discovery, which grows batches of cells containing tailored DNA. Read more…
QuickSod swept the first ever Tennessee Venture Challenge (TVC), claiming both the $25,000 overall prize and the $5,000 Crowd Favorite Award at the inaugural TVC Pitch Competition held by the UT Research Foundation (UTRF) Thursday, April 3 at The Foundry in Knoxville.
TVC is a business plan competition for the University of Tennessee community. To be eligible for the competition, potential startup companies must be commercializing intellectual property created at a UT campus or institute.
“We were very pleased with the quality of ideas we had participating in the inaugural TVC Pitch Competition. We saw technologies ranging from turfgrass to cancer drugs, which is an excellent representation of the broad spectrum of research occurring at the University of Tennessee,” said David Millhorn, University of Tennessee Executive Vice President and President of UTRF.
QuickSod is enabling sod producers to decrease time to harvest and increase yield. Their proprietary growing medium allows for harvestable sod in 12-16 weeks, compared to the 52-120 weeks expected with traditional methods. This allows for at least twice the production in the same amount of time. In addition, QuickSod’s turfgrass is lighter weight, allowing for more sod per truckload and giving it a longer shelf life after harvest.
QuickSod was represented by lead inventor John Sorochan, Associated Professor and Distinguished Scientist of Turfgrass Science in Plant Sciences at the UT Institute of Agriculture.
“The overall experience for the whole process was amazing! I learned a tremendous amount, and I was especially impressed by all of the fascinating research that is being done by other colleagues in the University system,” said Sorochan.
Sorochan plans to use the money from TVC to establish QuickSod as a business and fund the first prototype for testing this summer.
“I am excited for this invention to come to fruition and to hopefully benefit sod producers everywhere, especially in Tennessee,” he said.
Ken Woody of Innova Memphis, Eric Dobson of Angel Capital Group and Grady Vanderhoofven of Meritus Ventures comprised the judging panel that selected the overall winner, while the audience chose the Crowd Favorite through a text-in voting system. Local radio personality Hallerin Hill was on hand to emcee the event.
TVC launched on Feb. 4 with a kick-off event at the UTRF Business Incubator. In conjunction with TVC, there was a 7-week entrepreneurial bootcamp series led by Tech 20/20 that helped inventors define their market and refine their pitch. At the end of the 7-week series, ten potential startups competed in the TVC Semifinals. During the semifinals, the field was narrowed to the six teams that would compete in the final event.
“Moving intellectual property from the lab into the marketplace is one of UTRF’s primary functions, and we’re excited about the enthusiasm for commercialization we’ve seen in UT faculty members during this competition. We’re very optimistic about the future of QuickSod, and we look forward to supporting them in their growth,” said Millhorn.
For more information on the Tennessee Venture Challenge or the UT Research Foundation, visit http://utrf.tennessee.edu/TVC.
North Dakota state-based Venture Grants support $1.3 million in promising technologies and research projects
The North Dakota Centers of Excellence Commission awarded funding requests for two Venture Grants, two Research ND grants and one Research ND BIO project totaling $1,277,924 at its meetings held February 21 and 28.
Research ND and Research ND BIO promote the development and commercialization of products and processes through industry/university research partnerships. Research ND provides matching funds to help companies pay for the university research. Read more…
The Office of the Vice President for Research announces the Special Summer Seed Grant program awardees for summer 2014. This seed grant program was a one-time funding opportunity established to promote research and scholarship at the highest quality. A total of $100,000 was divided evenly among the 20 recipients. Read more…