Few Awards Lead to Frustrations at Third Frontier Fund, Others Point to Recent Program Changes

By | June 26th, 2012|Ohio, State or Government Supported|

Many of the people in charge of the Ohio Third Frontier program aren’t happy.

Several members of the Third Frontier Commission and Advisory Board expressed deep frustration over the relatively meager number of awards that the technology-focused economic development program has made during fiscal year 2012, which ends on June 30. […]

GlobeSherpa, a Portland State student-led venture, moves forward in convenient transit application

By | June 26th, 2012|Angel, New Investments/Awards, Oregon, Seed Fund, State or Government Supported|

Riding TriMet buses and trains in Portland may soon become a paperless, machine-less and generally more convenient experience ifGlobeSherpa has anything to say about it.

The 2-year-old company has created a mobile system that lets riders buy tickets on their phones. The completely paperless platform would also give TriMet an easier way to manage operations and even provide it with more in-depth data about customer habits and interests.  […]

Gap Funding Helps University of Illinois at Chicago Professors Commercialize Discoveries

By | June 26th, 2012|Illinois, New Investments/Awards, Proof of Concept, University-managed|

Four technologies being developed by University of Illinois at Chicago researchers have been awarded the first UIC proof-of-concept gap funding grants, designed to help UIC faculty transition their inventions from the laboratory to the marketplace. […]

Alaskan 49th State Angel Fund Is Ready to Roll

By | June 25th, 2012|Alaska, Angel, New Fund Announcement, Seed Fund, State or Government Supported|

Alaskans are full of great ideas. We’ve dreamed up making facial cream out of glacial silt and turning salmon into vodka. But to make money, you need money. And that’s where the 49th State Angel Fund comes in.

This spring, the Municipality of Anchorage received a $13.2 million federal allocation to establish the 49th State Angel Fund. Over the next two years, the fund will help early-stage, high-growth businesses obtain financing to seed new ventures. […]

Pension Funds a Source for Early-stage Commercialization? Silicon Valley Bank Invests in Ireland

By | June 25th, 2012|Ireland, Venture Capital|

Silicon Valley Bank (SVB) has announced it will lend $100 million to the Irish innovation sector as part of a new partnership with the National Pensions Reserve Fund (NPRF).

According to Reuters, SVB intends to invest in Ireland’s technology, life science, cleantech, private-equity, and venture capital businesses over the next five years. […]

BC Discovery Fund’s portfolio company, Avigilon Corporation, receives emerging company award

By | June 25th, 2012|Canada, Competition, New Investments/Awards, Seed Fund, University-managed|

 

VANCOUVER, BRITISH COLUMBIA, Jun 20, 2012 (MARKETWIRE via COMTEX) — British Columbia Discovery Fund (VCC) Inc. is very pleased to announce that its portfolio company Avigilon Corporation, a leader in high-definition (HD) and megapixel video surveillance solutions, earned the prestigious “Company of the Year” award at the recent 2012 British Columbia Technology Industry Association (“BCTIA”) Technology Impact Awards Gala. […]

$20 Million W Fund, Focusing on Research Spinouts, Open for Business

By | June 21st, 2012|New Fund Announcement, Seed Fund, State or Government Supported, Venture Capital, Washington|

We’ve been hearing about a new investment fund for university spinouts in Washington state for close to two years. Starting today, the W Fund is officially ready to start cutting checks—and it’s already started investigating promising research projects from colleges and government R&D labs around the state. […]

REDI, a University of Missouri-partnered initiative, eyes new seed fund

By | June 19th, 2012|Missouri, Seed Fund, State or Government Supported|

A “huge issue,” MacLellan said, is establishing a seed fund to help startups. Often, entrepreneurs with ideas need a small amount of capital to test the viability of their idea before they can take it to the bank for a loan or raise investment capital. MacLellan said a fund that could provide seed money in the $5,000 to $30,000 range would be a big boost for local entrepreneurs. […]

Eight Scottish universities get access to new seed fund

By | June 19th, 2012|New Fund Announcement, Scotland, Seed Fund, Venture Capital|

Scottish investment group Braveheart is to run a £10.3 million seed fund for research commercialisation projects at eight universities in the East Midlands. […]

MassVentures launches under new name, seed fund

By | June 16th, 2012|Massachusetts, New Fund Announcement, Seed Fund, State or Government Supported|

First-time entrepreneurs and companies needing bridge funding from seed to Series A rounds will have another avenue to get funding thanks to the state’s venture capital arm, the Massachusetts Technology Development Corporation.

The MTDC, which will now operate as MassVentures, will manage a new $5 million investment capital fund to provide bridge funding needed by startups who need funding, but are not yet ready to seek venture capital investment, the MTDC announced late Thursday.
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