Venture capital firm goes to Midwest for next big thing in tech

By | February 24th, 2014|Uncategorized|

Chris Olsen believes the next great tech firm could emerge right here from the heartland.

Sure, Silicon Valley is home to most huge tech household names (Apple, Facebook, Twitter, eBay and so many more), with New York (Tumblr) and Boston (Trip Advisor) creeping up, but as he sees it, why not Ohio or Michigan?

Hundreds of brilliant engineers are churned out yearly from top Midwestern schools like Ohio State University and University of Michigan. Graduates shouldn’t have to leave for California to get funding for their dreams, he says. […]

Top Moscow Science Institute Launches Seed Fund

By | February 24th, 2014|Russia|

The Moscow Institute of Physics and Technology (MIPT), one of the country’s leading graduate science universities, has launched its own $30 million seed fund.

The fund, called Phystech Ventures, is focussed on incubating and growing MIPT-related tech companies in the fintech, edutech, digital health, 3D-printing, efficient energy use and oil & gas technology sectors. […]

New Venture Fund In Portland To Focus On Social Impact

By | February 24th, 2014|Uncategorized|

Carolynn Duncan is not your typical venture capitalist. No Harvard MBA. No Stanford pedigree. This music-major from Brigham Young University is marching to the beat of her own drum and making a difference while she’s at it.

Duncan is launching a $20 million venture fund, Northwest Social Venture Fund, to invest in technology startups with a social mission and less than $1 million in revenue. She plans to invest $500,000 to $3 million in series A rounds with such companies, according to Sustainable Business Oregon. […]

UCLA launches crowdfunding platform to support research

By | February 24th, 2014|California, Crowdfunding|

UCLA has launched UCLA Spark, an online crowdfunding platform aimed at providing critical fundraising support for innovative projects by UCLA faculty and official student organizations. […]

Isis Innovation, University of Oxford seed funded company, NaturalMotion, sold for $527m

By | February 17th, 2014|Acquisition/IPO, Startup Fund, UK/England|

Isis Innovation worked with Zoology researcher Torsten Reil to protect his intellectual property, develop a business plan, and introduce first-round investors. The company was spun out in 2001.

US social games company Zynga has now finalised the acquisition of Natural Motion for more than $527m, one of the largest transactions ever involving an Oxford spin-out. The University, as a NaturalMotion shareholder, will benefit from more than £30m in cash and shares from the deal. […]

University of Michigan Zell Lurie Student-led Fund invests $90K in two start-ups

By | February 17th, 2014|Michigan, Student Funds|

The University of Michigan’s Zell Lurie Institute at the Ross School of Business today announced that its student managed Zell Lurie Commercialization Fund has made two investments. The fund provided pre-seed investments to healthcare startup AlertWatch and ad tech start up AdAdapted. The collective investments total $90,000 and closed in November 2013 and January 2014, respectively. The deals mark the latest in a series of successful investments by the fund (formerly the Frankel Fund), which includes Accio Energy, Ambiq Micro and Are You A Human in its portfolio. […]

University of the West of England to put up to £150,000 in start-ups

By | February 17th, 2014|UK/England|

The Innovation 4 Growth programme offers grants of between £25,000 and £150,000 for smaller businesses looking to develop new or improved products, processes, services or technologies that safeguard or create jobs. […]

Arizona State University Gets $1M To Start Venture Fund

By | February 17th, 2014|Arizona, Startup Fund|

The Maricopa County Industrial Development Authority (MCIDA) has awarded a $1 million grant to the ASU Foundation for A New American University to create a venture capital fund. The fund will be invested in companies that benefit from ASU-supported accelerator programs, helping them take the next step in their development with early-stage manufacturing startup support.

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Wisconsin Launches New $2M Economic Development Seed Fund, IdeaAdvance

By | February 17th, 2014|Startup Fund, State or Government, Wisconsin|

The University of Wisconsin System and the Wisconsin Economic Development Corp. (WEDC) have created a $2 million seed fund that UW-Extension will administer to help commercialize technology and ideas developed at UW campuses statewide.

UW-Extension and its partners announced the Ideadvance Seed Fund today at a news conference in the State Capitol attended by Lt. Gov. Rebecca Kleefisch and other state officials. […]

University of Kansas Alumnus Makes $100K Gift To Support Venture Fund

By | February 11th, 2014|Kansas|

University of Kansas alumnus Clay C. Blair III, of Olathe, has made a $100,000 gift for the KU Venture Fund. The university and KU Endowment established the fund to help startup companies move research discoveries from KU into the marketplace with the goal of sparking innovation in Kansas. This is the largest gift for the fund to date.

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