Ontario invests $9M in StartStart Seed Fund, $26M Into Other Innovation Programs

By | April 28th, 2014|Canada|

Ontario is launching five programs to help young people start companies and create jobs.

Part of Ontario’s Youth Jobs Strategy, these programs will provide young entrepreneurs with business skills, capital to start and grow a small business and the opportunity to gain experience and expertise through R&D internships: […]

Russian QIWI announces $30M seed fund and accelerator

By | April 28th, 2014|Russia|

The owners of Russian payment service provider QIWI have launched a new $30 million seed fund and a startup accelerator.

These two new ventures aim to address this problem, by providing support to entrepreneurs at an early stage in their projects.

Romanenko will manage the new fund, Run Capital (not to be confused with Runa Capital, one of Russia’s most famous venture funds), along with his father Nikolay and QIWI executives Igor Mikhailov and Sergey Fedyushenko.  […]

UC Berkely social impact fund shows 6 yr/50% ROI on $1.1M invested to-date

By | April 28th, 2014|California|

When the fund launched in 2008, it became the first student-led socially responsible investment (SRI) fund and remains the largest.

The student principals have grown the initial investment of $1.1m (£650,000) to $2m (£1.19m), a more than 50% return on investment over a six-year period. The fund has also outperformed all its environmental, social and governance (ESG) benchmarks. […]

Singapore start-ups gain access to $120M more in funds

By | April 28th, 2014|Singapore|

The technology start-up scene in Singapore received another boost yesterday as the National Research Foundation (NRF) announced that it will work with six venture capital (VC) funds to make available S$120 million for young local firms. […]

SUNY TAF fund invests in five new medical projects, $1M to-date

By | April 28th, 2014|New York|

The State University of New York (SUNY) Technology Accelerator Fund (TAF) will invest in five new projects, Gov. Andrew Cuomo announced.

They include a device that a doctor at Upstate Medical University is developing, according to a news release from the governor’s office.

The TAF accelerates the development and commercialization of innovations that SUNY students, faculty, and staff create. […]

Michigan Pre-Seed Fund Plans To Invest $6.8M Over Two Years

By | April 28th, 2014|Michigan, Uncategorized|

A new state-backed early stage capital fund hopes to cut its first deal by early summer, executives say.

The $6.8 million Michigan Pre-Seed Fund 2.0 hopes to do as many as 50 deals over the next two years. It will provide early-stage, high-tech companies with the capital they need to move further toward commercializing an innovation, said Charlie Moret, president and CEO of the nonprofit Invest Michigan that manages the fund. […]

Oregon BEST commercialization fund puts $25K into electric farm vehicle start-up

By | April 21st, 2014|Uncategorized|

Oregon BEST has announced a new round of commercialization funding that is helping electric farm vehicle startup Rogue Rovers, LLC collaborate with Oregon Tech to design, test and build a semi-autonomous, all-terrain electric vehicle that can be used in specialty farming applications to improve pest management, reduce fertilizer waste and make it safer to operate in orchards and vineyards.

[…]

CIT GAP fund invests in therapeutics company

By | April 21st, 2014|Uncategorized|

The Center for Innovative Technology announced today that its CIT GAP Funds closed an investment in Riogin, a Charlottesville-based company that has solved many issues related to peptide therapeutics. Riogin developed a technology platform that overcomes many of the problems connected to peptide therapeutics, which represents a growing portion of the market opportunity for big biopharma. […]

Texas State University start-up wins Rice University Texas Halo Fund Investment

By | April 21st, 2014|New Investments/Awards, Texas|

SioTeX, an interdisciplinary team from Texas State University, won the Texas Halo Fund Investment Prize during the 14th Annual Rice University Business Plan Competition (RBPC) in Houston. […]

Seton Hall University Ventur Fund Competition awards $10K in prizes

By | April 21st, 2014|Uncategorized|

Seton Hall University’s Stillman School of Business‘ Center for Entrepreneurial Studies will award $10,000 in prizes at the annual Seton Hall University Venture Fund Competition. The public is invited to attend the competition, which will be held on Friday April 11 from 10 a.m. to 1 p.m. in Jubilee Hall Auditorium. […]