NJBIZ Exclusive: Hackensack Meridian entering innovation and incubator space with $25M fund

By | March 22nd, 2017|Hospitals, New Fund Announcement, New Jersey|

The board of Hackensack Meridian Health has approved a $25 million capital fund so the state’s second-largest health system can dive into the world of innovation and incubators, NJBIZ has learned.

Hackensack Meridian officials said the effort is viewed as a new revenue stream as well as a way to elevate the organization onto […]

U Nevada faculty advises Ozmen Ventures in launching a $5 million fund to spark local entrepreneurial ecosystem

By | February 27th, 2017|Community/Small College, Nevada, New Fund Announcement, Venture Capital|

Ozmen Ventures has announced its launch as one of the first early-stage investment funds in northern Nevada. Founded by Eren and Fatih Ozmen, owners of Sparks-based Sierra Nevada Corporation (SNC), a global aerospace and defense company, the fund aims to invest in young and dynamic local startups and cultivate the […]

Grinnell College Innovation fund announces chosen projects

By | February 6th, 2017|Iowa, New Fund Announcement|

Grinnell College announced on Jan. 26 the projects selected for funding by the Innovation Fund. The nine chosen projects cover a range of areas with a particular emphasis on digital technology and addressing issues of diversity. Now in its fifth year, the Innovation Fund was created for faculty, staff and students to test […]

$20-Million Fund Will Support Innovation at Ontario’s Colleges

By | January 25th, 2017|Canada, New Fund Announcement, State or Government Supported|

The new $20-million Colleges Applied Research and Development Fund (CARDF) announced by Premier Kathleen Wynne will promote new economic growth, the Ontario Centres of Excellence and Colleges Ontario said today.

“College-based applied research projects continue to develop innovations that help businesses throughout the province grow and create new, high-quality jobs,” said Linda Franklin, […]

University of Akron unveils $500K Spark Fund program to fund student, faculty innovations

By | January 9th, 2017|New Fund Announcement, Ohio, Student Funds|

The University of Akron Research Foundation is unveiling a new program called the Spark Fund to help develop new innovations and technologies among graduate students and faculty.The program, which aims to foster innovations leading to university start-ups, will pay to prototype and test five to seven innovations in 2017, thanks to matching funding from the Ohio […]

Israeli VC Pitango launches its 7th early-stage fund of $175M | TechCrunch

By | December 14th, 2016|Israel, New Fund Announcement, Seed Fund, Venture Capital|

Pitango Venture Capital, one of the most active VCs in the Israeli startup scene, has announced its seventh fund, Pitango Venture Capital 7. The fund will have $175 million under management, and invest from seed upwards. The new fund focuses on IT and life science investments, specializing in enterprise infrastructure, IoT, artificial intelligence […]

University of Chicago Investing $25M From Endowment Into Its Own Startup Companies 

By | December 5th, 2016|Foundation-support, Illinois, New Fund Announcement|

The University of Chicago is pulling $25 million from its endowment to back business ideas from faculty, students and alumni.

The university on Friday announced it will tap into its $7.1 million endowment to provide funding for startup companies founded or that include people from the university or ideas developed on the Hyde Park campus.

“The university […]

Tsinghua University’s Redbud Capital To Launch $150M Venture Fund-Of-Funds 

By | November 17th, 2016|*Promo, China, New Fund Announcement, Venture Capital|

Redbud Capital, an investment platform under Tsinghua Holdings, has teamed up with the State-owned Assets Supervision and Administration Commission (SASAC) of Yiwu City and Zhejiang China Commodities City Group to launch a RMB1 billion (US$150 million) fund-of-funds focused on venture capital.

The new vehicle will invest in venture funds, says an announcement without elaboration. It’s unclear […]

Michigan State University Foundation Launches $5M Venture Fund, Red Cedar Ventures LLC

By | November 17th, 2016|Michigan, New Fund Announcement, Venture Capital|

The Michigan State University Foundation (MSUF) announced today the formation of its new, $5M venture investing subsidiary, Red Cedar Ventures. Its newest program features both a pre-seed fund and an opportunity fund focused on helping Michigan State University-based startups and technologies overcome critical funding gaps, accelerate growth, and provide follow-on, growth-stage capital.

“We […]

NewYork-Presbyterian launches venture fund for digital health

By | November 17th, 2016|New Fund Announcement, New York, Seed Fund|

NewYork-Presbyterian has formed an investment fund to drive growth of fledgling digital health companies.

NewYork-Presbyterian has focused on advanced technologies for enhanced care delivery for years. The venture fund follows the 2014 launch of the NYP Innovation Center to implement cutting-edge technologies for both clinicians and patients across its hospitals and clinics.

Earlier this year, the center […]