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Gap fund news, events, and resources (Sample)

Venture’s funding reaches $2.5 million with help from Next Level Ventures

VIDA Diagnostics, a venture out of the University of Iowa Research Park (UIRP) BioVentures Center, recently received $2 million in funding from Next Level Ventures (NLV), a Des Moines venture capital firm created to invest in Iowa companies.  This $2 million investment and the $500,000 Iowa Innovation Fund granted in September total $2.5 million dollars

 
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Ottawa, Quebec pitch in on $279M innovation fund

Finance Minister Joe Oliver was in Montreal to announce appropriation from supervision for a new try collateral fund. (Sean Kilpatrick/The Canadian Press) The sovereign supervision and Quebec’s provincial supervision have affianced to representation in $1 for any $2 lifted by a private zone to uphold an investment account that’s ostensible to aim innovative companies in

 
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Cornell University’s Binoptics sold to Massachusetts company for $230M

Ithaca laser-technology company Binoptics is being bought by M/A-Com Technology Solutions of Lowell, Mass., for $230 million in cash, the company announced Wednesday. Binoptics, in business since 2000 using technology developed at Cornell University, develops and makes semicondutor microchip lasers for equipment in the data and telecommunications industries that use light energy rather than electricity.

 
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Houston venture capital firm opens Ann Arbor office headed by U Michigan Graduate

University of Michigan graduate and serial entrepreneur Adrian Fortinio will lead a new office for the Houston-based Mercury Fund–a venture capital firm–according to a report in Crain’s Detroit Business. Fortino co-founded FlockTag and was a vice president at Invest Detroit before being tapped to lead Mercury’s new Ann Arbor office. The firm, which raised more

 
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University Of Maryland, Baltimore Invests $100,000 To Complete Harpoon Medical’s $3.6M Series A Financing

University of Maryland (UM) Ventures and Harpoon Medical, Inc. announced today that the University of Maryland, Baltimore (UMB) has invested $100,000 in Harpoon Medical. This is the first equity investment UM Ventures has made in a company and completes Harpoon Medical’s $3.6M Series A financing. The investment also coincides with the U.S. PTO’s decision to

 
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University of Cincinnat Accelerator Gets $1 Million from Ohio’s Third Frontier Program

The University of Cincinnati (UC) Technology Commercialization Accelerator has received a funding renewal of $1 million from Ohio’s Third Frontier Commission, double the amount the accelerator received in an initial round of funds from the Third Frontier in 2012. The award comes via the Third Frontier Entrepreneur Signature Program, which runs through CincyTech and will

 
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Tech Launch Arizona Looks to Build on Initial Success | UANews

Tech Launch Arizona was established early last year to ensure that good ideas developed by University of Arizona researchers do not live and die in laboratories or grow dusty on bookshelves but enter the market for public benefit. In its first full fiscal year of operations, TLA executed 39 exclusive licenses and options for 72

 
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entrepreneurship@UBC Seed Fund Advances University Startups Success

entrepreneurship@UBC announced today that its seed fund has made nine investments, each ranging between $25,000 and $200,000, in several different venture teams, who have subsequently raised an additional $11 million of outside funding. The e@UBC Seed Fund investments include: Aspect Biosystems Ltd., Clinicbook, ELIX Wireless, Encepta Corp., Kairama Inc., Target Tape Inc., and Terramera Inc.

 
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New Eagle Repays Funding to Michigan Pre-Seed Capital Fund After Successful Product Launch, Sales

ANN ARBOR, Mich., Nov. 13, 2014 /PRNewswire/ — Ann Arbor SPARK business accelerator client New Eagle recently repaid the $250,000 Michigan Pre-Seed Capital Fund award that it received in 2012. The money will be reinvested in to the Michigan Pre-Seed Capital Fund to support other entrepreneurial endeavors in the state. New Eagle, an engineering firm

 
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Medical device startup benefits from Philadelphia seed fund

Two years after the city of Philadelphia launched a $3 million seed fund, the fund has invested in a medical device company — one of four companies to receive investments topping $700,000 and the only healthcare business among them.Velano Vascular received $400,000 from the fund. The medical device company is developing a needle-free approach to

 
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