Purdue University $10M Fund Focuses on Startups

By | February 22nd, 2016|Foundation-support, Indiana|

Purdue University has announced a $10 million fund for entrepreneurs to launch businesses. The Purdue Startup Fund will be jointly funded by alumni of the university and the Purdue Research Foundation.

Purdue Foundry Director of Venture Capital and Funding Resources John Hanak says he expects the new fund to boost startup activity. “What makes this fund […]

Maryland TEDCO’s $1 billion economic impact could be bigger

By | February 22nd, 2016|Maryland, State or Government Supported|

The Maryland Technology Development Corp. contributed $1 billion to the state’s economy and created more than 4,000 jobs in 2015, according to a new study.
In a December report, nonprofit research firm Battelle described TEDCO’s economic impact as a significant and growing contribution to Maryland’s economy, but also pointed to room for improvement. TEDCO lags behind […]

University City Science Center awards $600k in funding to 4 researchers 

By | February 22nd, 2016|Uncategorized|

Four university researchers just received a nice financial boost from the University City Science Center.
The researchers will receive a share of the $600,000 award to develop technologies that could lead to new gene and cell therapies, as well as help nurses and physical therapists do their jobs more effectively. Half of the $600,000 will come […]

University of Chicago to Get $50 Million From Venture Capitalist 

By | February 22nd, 2016|Illinois, Venture Capital|

Nearly four years ago, the venture capitalist Michael Moritz donated $115 million to his alma mater, the University of Oxford, to bolster the British university’s financial assistance efforts.

Now Mr. Moritz, the chairman of Sequoia Capital, and his wife, Harriet Heyman, are providing a similar gift for […]

U Hawaii Accelerator Awarded Funds to Expand Outreach

By | February 22nd, 2016|Uncategorized|

The University of Hawai‘i’s proof of concept center/venture accelerator XLR8UH was recently awarded a $500,000 grant from the Economic Development Administration to expand its successful commercialization efforts statewide, including underserved rural communities on the Neighbor Islands.The grant is part of the EDA’s 2015 Regional Innovation Strategies Program, a cutting-edge federal program that supports initiatives to stimulate innovation […]

MichBio report outlines path to continued life sciences industry investment, gap funding

By | February 22nd, 2016|Uncategorized|

new roadmap aims to reboot efforts to build Michigan’s life sciences industry and compete with similar clusters around the U.S. and the world.

While the industry has come far in the last decade-plus and offers “strong assets,” it remains uncompetitive compared to other states and requires a renewed private- and public-sector […]

UNICEF Is Launching A Venture Fund For Open-Source Civic Technology

By | February 22nd, 2016|Uncategorized|

From unmanned aerial vehicles to 3-D printing, new technology has a lot of potential to “flatten” the world and spread social good. And now, by launching its first venture capital-type fund for civic technology, the United Nations wants to accelerate the development of those ideas.

UNICEF recently announced a $9 million fund with the aim of […]

Fostering Commercialization to Improve Health and Create Jobs in Washington: WBBA to Receive $1.8 Million Grant from the Life Sciences Discovery Fund

By | February 22nd, 2016|Fund Type|

SEATTLE (February 10, 2016) — A new technology commercialization program will launch this spring to help Washington’s life sciences innovators move their promising ideas into the hands of providers and patients, thanks to a $1.8 million “ecosystem” award from the state’s Life Sciences Discovery Fund (LSDF).

Led by the Washington Biotechnology & Biomedical Association (WBBA; currently […]

Department of Commerce Announces $10 Million in Innovation Grants

By | February 9th, 2016|Uncategorized|

Last August, the Department of Commerce announced it would be giving out $10 million in funding through its i6 Challenge program and Seed Fund Support Grants. Today, it unveiled the 25 awardees through the two programs — both part of the Economic Development Administration’s Regional Innovation Strategies — designed to advance innovation and capacity-building activities […]

Bridging the gap: University of Texas Medical Branch technology commercialization program funds four promising technologies

By | February 9th, 2016|Uncategorized|

UTMB researchers are making invaluable discoveries. However, how do the researchers get their breakthroughs out of the laboratory and into the marketplace?

One of UTMB’s goals is to support its researchers and promote technology transfer and commercialization of their research discoveries. Under the direction of Dr. David L. Callender, president of UTMB, the Office of Technology […]