A £400,000 Proof of Concept grant has been awarded to develop pioneering optical-measurement technology that could help chemical and bio-processing companies produce higher yields and speed up product development. […]
Kickstart Seed Fund, the venture organization created to support startups in the Mountain West part of the United States, has raised $26 million to support its second fund. In the process, it has also added two industry veterans to its management team: Former Skullcandy VP of Global Business Development Clarke Miyasaki and former vSpring/Signal Peak Director of Finance Alex Soffe. […]
The New Mexico Angels, a local angel investment group, remains the bright spot of investment activities in what has been several years of gray skies for the state’s venture capital community. Angel investments have been critical to funding the early stage technologies coming out of the University of New Mexico. The Angels formed two start-up companies last year around UNM technology and have already funded two new start-ups from UNM technology this year through their unique company, the New Mexico Start-up Factory, an entity specifically formed to spin out tech start-ups from UNM innovations. See Dan Mayfield’s article on the Angels, reprinted below from the April 24, 2013 online edition of Albuquerque Business First. […]
University of North Carolina Wilmington officials on Friday announced the creation of a venture capital fund to “support business and economic development” in the Wilmington area.
The proposed fund will be part of the school’s Entrepreneurship Center, which will be renamed the Center for Innovation and Entrepreneurship when it opens in a new off-campus building this summer, according to a news release. […]
For $100, Micah Lubens bought a share of a vacant, two-story brick building that was promoted as the next up-and-coming hot spot along D.C.’s bustling H Street corridor.
Through food blogs, Lubens learned of plans to transform 1351 H Street NE into a mini-replica of Asian night markets, with food stalls and at least one clothing shop. The developers were offering shares of the property online for $100 a pop. In return, investors would get a cut of the profits and rent generated by the market, called Maketto. […]
Madison lawmakers proposed a new venture capital plan last week, the latest step in their two-year slog to help create an entrepreneurial renaissance.
Meanwhile, groups of entrepreneurs, mostly concentrated in Madison and Milwaukee, continue their attempts to spark that renaissance from the ground up. And they’re using a new “lean start-up” method that’s a departure from the traditional formula used by young companies. […]
WEST LAFAYETTE, Ind. —
A new all-volunteer, nonprofit group composed of Silicon Valley-based Purdue University alumni could provide Purdue innovators and entrepreneurs with support to commercialize the university’s innovations.
Silicon Valley Boiler Innovation Group (SV BIG) links established California venture capitalists, angel investors, entrepreneurs and industry officials who graduated from Purdue with Purdue entrepreneurs attempting to launch their own startups. […]
The University of Illinois at Chicago is launching a $10 million fund to help inventions advance from the research stage toward potential commercial opportunities, becoming the latest academic institution in the area to channel increased resources toward homegrown startup activity.
The Chancellor’s Innovation Fund will allocate $2 million a year for five years. Each year, $1 million will go toward proof-of-concept funding and the other $1 million will be used for equity seed investments in companies that are further along in the commercialization process. Proof-of-concept funding is used to plug the gap between basic research and commercialization, a void that the industry calls “the valley of death.” […]
Newly formed NovoPedics, Inc., has received a commitment of up to $500,000 from Foundation Venture Capital Group (FVCG) to advance its development of an implantable meniscus replacement/regeneration medical device. […]
Beat Biotherapeutics looked like it was in trouble after its co-founder and CEO died suddenly in June 2009. But the University of Washington spinout is definitely back in business, after recruiting a veteran CEO and raising another $2.5 million to advance an experimental treatment for heart failure. […]