New York Times article covers new venture investment in SBA program for start-ups

By | January 28th, 2013|New Fund Announcement, Startup Fund, State or Government|

While many small businesses are waiting for the federal government to write rules for so-called equity crowdfunding, the Obama administration is moving forward with another effort to funnel investment capital to start-ups. Last week, the Small Business Administration announced that it had granted a venture capital fund from North Carolina the first license to participate in a new program to encourage investment. The program essentially makes government-guaranteed loans to venture capital funds, which in turn use the debt to make equity investments. […]

University Crowdfunding: New capital requires new talent

By | January 28th, 2013|Crowdfunding|

Crowdfunding is seeping into mainstream conversation on university campuses around the world. This emerging funding vehicle, which targets smaller investments from a large number of people, has demonstrated historic success when directed at things like art studios and trendy gadgets; however, now it is being weighed for inclusion as a legitimate source of capital for […]

Foundation Venture Capital Group invests in University of Medicine and Dentistry of New Jersey start-ups

By | January 28th, 2013|Foundation-support, New Investments/Awards, New Jersey|

NEW BRUNSWICK, N.J., Jan. 25, 2013 /PRNewswire-USNewswire/ — Parkinson’s disease affects one million people in the United States and seven million worldwide. While L-Dopa is effective in treating the disease symptoms, the vast majority of patients taking it chronically eventually develop L-Dopa Induced Dyskinesia (LID), abnormal involuntary movements that can be disabling.

A new company, MentiNova, Inc., is exploring an oral medication that could reduce these uncontrollable, often chaotic movements in patients being treated with L-Dopa.  Foundation Venture Capital Group (FVCG), a New Jersey Health Foundation affiliate, has committed up to $500,000 to advance this research and development.  […]

Tech Launch Arizona announces $715K in awards from new POC program

By | January 28th, 2013|*Fund Types, Arizona, New Fund Announcement, Proof of Concept (POC) Fund|

Nineteen University of Arizona researchers are recipients of Proof of Concept Program Awards by the newly established Tech Launch Arizona, or TLA.

The purpose of the program, or POC, is to enable faculty with promising inventions and discoveries to address technological and commercial hurdles – moving them closer to commercialization. The awards, ranging from $10,000 to $40,000, focus resources on critical segments such as generating data to support commercial applications; work for prototype development and testing; and software code validation, or other similar activities.

“This money is generally very difficult to access but often means the difference between a promising technology with important social benefits moving closer to commercialization – or being shelved. It is an important investment by Tech Launch Arizona,” Executive Director David Allen said. Allen joined the UA as executive director of Tech Launch Arizona from the University of Colorado, where in 2005 he initiated and subsequently managed one of the largest POC programs among U.S. universities. […]

Crowdfunding crazies ruining it for the rest of us?

By | January 24th, 2013|Crowdfunding, Uncategorized|

In our University Crowdfunding Review last week (available here), we identified this sort of malicious misrepresentation as a stopper for crowdfunding for equity. How will stories like this affect political momentum and investors’ willingness to participate in this emerging funding vehicle? Will the perception of this risk/public fallout be magnified at the university-leve?

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Regulators are scrutinizing about 200 websites set up by entrepreneurs to profit from a more lenient law on the sale of shares in small companies. […]

University of Edinburgh to invest in a VC fund to support life science start-ups

By | January 24th, 2013|New Fund Announcement, Scotland, Venture Capital|

The University of Edinburgh is to invest in a venture capital fund focusing on early stage life sciences companies. The new fund, which will be managed by US-based Rock Spring Ventures, will engage closely with the University’s company formation teams at Edinburgh Research and Innovation and Edinburgh BioQuarter. Spin-out and start-up companies from the University’s research labs will make up a substantial proportion of the fund’s deal-flow. […]

Michigan’s Pre-seed Capital Fund invests $1M in four companies

By | January 24th, 2013|Michigan, New Investments/Awards, Startup Fund, State or Government|

Four Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling $1 million. To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones to support start-ups’ product commercialization, has awarded 83 Michigan companies with seed funding totaling more than $19 million. […]

University of New Mexico STC looks into crowdfunding to fill the gap

By | January 21st, 2013|*Fund Types, Crowdfunding, New Mexico|

ALBUQUERQUE, NM – JANUARY 18, 2013 As part of its ongoing effort to expand its gap fund program for new technologies developed at the University of New Mexico, STC is promoting three of its technologies for funding donations on the crowdfunding website RocketHub (http://www.rockethub.com/profiles/61336-stc-unm). See Dan Mayfield’s interview with STC President & CEO Lisa Kuuttila in the January 18th online edition of Albuquerque Business First, reprinted below.

Why bring on two or three investors when you can have hundreds?

As crowdfunding is taking off for nonprofits, art projects and video game development, STC.UNM, the University of New Mexico’s high-tech incubator, is using crowdfunding in an effort to both market and fund three of its tech companies. The three companies’ business plans have been added to RocketHub, a crowdfunding site that asks for small donations to promote big ideas. […]

Forbes article on student-led University Venture Fund, University of Utah

By | January 21st, 2013|Student Funds, Utah|

UVF hosts an annual University Private Equity Summit, where top VCs and investment experts offer best practices and wisdom to approximately 300 attendees. It’s not too late to attend this year’s Summit in Salt Lake City and Park City, January 24-26. David Hornick ofAugust Capital and Jeremy Andrus of SkullCandy head this year’s keynote list. Panelists include  Matt Miller of Sequoia Capital, David McClure of500 Startups, Ray Bradford, from Kleiner Perkins, Stacy Bishop, Scale Venture PartnersRandal Quarles from Carlyle and many others.  Entrepreneurs and press will also get into the act, with Ryan Lawler of TechCrunch,Peter Yared, the CTO of CBS Interactive, andForbes’ own Amy Rees Anderson, the former CEO of MediConnect who’s now launched her own investment and mentoring company REES Capital. […]

Kickstarter demonstrates the opportunities and challenges ahead for crowdfunding developmentally-rigorous technologies and start-ups

By | January 15th, 2013|Crowdfunding|

Crowdfunding heavyweight, Kickstar, just released its 2012 year in review. They observed a monumental increase in all-around activity from funding pledged ($320M) to backer participation(2.24M).

However, the portion of these funds that went to technology projects was just 9%, with most directed at theater, music, gaming, and design. Will there be the interest behind more obscure, […]