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Japanese Govt to fund start-up CEOs

By | July 30th, 2014|Uncategorized|

The Japanese government plans to start a system this fiscal year under which it will provide living costs of 6.5 million yen ($64,000) per year, for up to two years, for people who quit their companies and start a new business. […]

NZVIF’s $5.4M seed fund investment too early to predict returns

By | July 30th, 2014|Uncategorized|

The government-backed New Zealand Venture Investment Fund says it’s still too early to judge the performance of the Seed Co-Investment Fund, which backs early-stage firms alongside angel investors. […]

New commercialization gap funding assists WSU innovators

By | July 27th, 2014|Uncategorized|

Washington State University researchers can get in-house money to move their innovations from the lab to the marketplace through a new commercialization gap-funding (CGF) program. […]

Nepal Govt to establish Rs 500m fund to bankroll start-ups

By | July 22nd, 2014|Uncategorized|

The government has planned to establish a start-up fund in the coming fiscal year in a bid to cultivate the culture of entrepreneurship and promote fresh ideas. Presenting the budget for fiscal 2014-15, Finance Minister Ram Sharan Mahat said that the government would set up a Rs 500 million fund to bankroll promising start-ups. […]

Portland State University’s DesignMedix Closes Second Angel Round of $1.5 Million

By | July 22nd, 2014|Uncategorized|

DesignMedix, Inc., a biotech startup with ties to Portland State University, has closed a second round of angel funding from investors in the Northwest. Investors include Portland Seed Fund, as well as members of Bellingham Angels, Oregon Angel Fund, Seraph Angel Network, Willamette Angel Conference, Keiretsu Angel Forum and Tacoma Angel Network. […]

Deleware Early Stage Venture Fund to Invest $50K-250K in Regional Start-ups

By | July 22nd, 2014|Uncategorized|

Leading Edge Ventures I, L.P., announced today the formation of an early stage venture fund. Headquartered in Newark, Delaware, the Fund will make investments in promising early stage companies in Delaware and the Mid- Atlantic region. It will also maintain an office in Bethlehem, PA. Leading Edge Ventures will target companies that provide productivity benefits to businesses and consumers in the areas of information technology, healthcare, and other high growth markets. […]

With Innovation Fund dollars, new medical ‘GPS’ sets course to personalize patient care

By | July 22nd, 2014|Uncategorized|

University of Chicago physicians Mark Ratain and Peter O’Donnell created the Genomic Prescribing System based on a simple hypothesis—that patients and healthcare providers would be eager to incorporate genetic information into decisions about prescribing medical treatments if they had the tools to do so. So, they set out to develop a new model for personalized care that provides physicians with an accessible resource. […]

Gillibrand wants to fill venture capital void

By | July 22nd, 2014|Uncategorized|

U.S. Sen. Kirsten Gillibrand wants to do for upstate New York what the venture capital sector has not.

While New York state universities rake in $6 billion a year in government research funding — ranking it No. 2 in the country — the state and upstate New York in particular lag behind most of the country when it comes to being able to attract private-sector venture capital. […]

Midven’s Rainbow fund backs University of Anglia’s Spectral Edge

By | July 22nd, 2014|Uncategorized|

Iceni Seedcorn Fund joined Midven’s Rainbow Seed Fund in the investment in Spectral Edge.
The company was founded in 2012 as a spin-out from the University of East Anglia to exploit novel image fusion technology developed by Professor Finlayson’s ‘Colour Lab’. […]

Ilitches donate $8.5M to Wayne State University to fund surgical innovation

By | July 22nd, 2014|Uncategorized|

Pizza and entertainment entrepreneurs Michael and Marian Ilitch donated $8.5 million to the Department of Surgery at the School of Medicine at Wayne State University to create the Ilitch Chair for Surgical Innovation. The money will establish an unrestricted fund to support research and development in surgical technologies. […]