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Nepal Govt to establish Rs 500m fund to bankroll start-ups

The government has planned to establish a start-up fund in the coming fiscal year in a bid to cultivate the culture of entrepreneurship and promote fresh ideas. Presenting the budget for fiscal 2014-15, Finance Minister Ram Sharan Mahat said that the government would set up a Rs 500 million fund to bankroll promising start-ups. Read more…

 
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Portland State University’s DesignMedix Closes Second Angel Round of $1.5 Million

DesignMedix, Inc., a biotech startup with ties to Portland State University, has closed a second round of angel funding from investors in the Northwest. Investors include Portland Seed Fund, as well as members of Bellingham Angels, Oregon Angel Fund, Seraph Angel Network, Willamette Angel Conference, Keiretsu Angel Forum and Tacoma Angel Network. Read more…

 
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Deleware Early Stage Venture Fund to Invest $50K-250K in Regional Start-ups

Leading Edge Ventures I, L.P., announced today the formation of an early stage venture fund. Headquartered in Newark, Delaware, the Fund will make investments in promising early stage companies in Delaware and the Mid- Atlantic region. It will also maintain an office in Bethlehem, PA. Leading Edge Ventures will target companies that provide productivity benefits to businesses and consumers in the areas of information technology, healthcare, and other high growth markets. Read more…

 
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With Innovation Fund dollars, new medical ‘GPS’ sets course to personalize patient care

University of Chicago physicians Mark Ratain and Peter O’Donnell created the Genomic Prescribing System based on a simple hypothesis—that patients and healthcare providers would be eager to incorporate genetic information into decisions about prescribing medical treatments if they had the tools to do so. So, they set out to develop a new model for personalized care that provides physicians with an accessible resource. Read more…

 
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Gillibrand wants to fill venture capital void

U.S. Sen. Kirsten Gillibrand wants to do for upstate New York what the venture capital sector has not.

While New York state universities rake in $6 billion a year in government research funding — ranking it No. 2 in the country — the state and upstate New York in particular lag behind most of the country when it comes to being able to attract private-sector venture capital. Read more…

 
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Midven’s Rainbow fund backs University of Anglia’s Spectral Edge

Iceni Seedcorn Fund joined Midven’s Rainbow Seed Fund in the investment in Spectral Edge.
The company was founded in 2012 as a spin-out from the University of East Anglia to exploit novel image fusion technology developed by Professor Finlayson’s ‘Colour Lab’. Read more…

 
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Ilitches donate $8.5M to Wayne State University to fund surgical innovation

Pizza and entertainment entrepreneurs Michael and Marian Ilitch donated $8.5 million to the Department of Surgery at the School of Medicine at Wayne State University to create the Ilitch Chair for Surgical Innovation. The money will establish an unrestricted fund to support research and development in surgical technologies. Read more…

 
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EU receives calls for first €1.1bn tranche of €80bn Horizon 2020 fund

EU private-sector firms and member states presented their first calls for projects and partners that will receive €1.1bn in public funding from the EU’s €80bn Horizon 2020 research and innovation programme. Read more…

 
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AdAdapted, U Michigan gap fund recepient, raises $725,000 in seed round

AdAdapted has locked down $725,000 in seed capital to help it scale up its mobile advertising platform. Read more…

 
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Oregon BEST supports OSU-Industry collaboration on filter technology

PORTLAND, Ore. ­ A new round of commercialization funding from Oregon BEST is helping a Portland company collaborate with Oregon State University researchers to advance a biochar-based filter system that utilizes waste biochar from lumber mills to remove heavy metals from stormwater. Read more…

 
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