The Indian government has outlined a plan to set up Rs.5,000 crore (nearly $1 billion) fund to facilitate innovation and entrepreneurship, top official said Thursday. The government would initially contribute $20 million (Rs.100 crore) to the India Inclusive Innovation Fund. The remaining amount would come from scheduled banks, insurance companies, financial institutions, corporates, high net
Kickstart Seed Fund Raises $26M For Mountain West Start-ups
Kickstart Seed Fund, the venture organization created to support startups in the Mountain West part of the United States, has raised $26 million to support its second fund. In the process, it has also added two industry veterans to its management team: Former Skullcandy VP of Global Business Development Clarke Miyasaki and former vSpring/Signal Peak Director of
University of North Carolina Wilmington Announce New Venture Fund
University of North Carolina Wilmington officials on Friday announced the creation of a venture capital fund to “support business and economic development” in the Wilmington area. The proposed fund will be part of the school’s Entrepreneurship Center, which will be renamed the Center for Innovation and Entrepreneurship when it opens in a new off-campus building
Wisconsin Lawmakers Propose $75M State Seed Fund
Madison lawmakers proposed a new venture capital plan last week, the latest step in their two-year slog to help create an entrepreneurial renaissance. Meanwhile, groups of entrepreneurs, mostly concentrated in Madison and Milwaukee, continue their attempts to spark that renaissance from the ground up. And they’re using a new “lean start-up” method that’s a departure
University of Illinois At Chicago, illinoisVentures Launches New $10M POC/Seed Funds
The University of Illinois at Chicago is launching a $10 million fund to help inventions advance from the research stage toward potential commercial opportunities, becoming the latest academic institution in the area to channel increased resources toward homegrown startup activity. The Chancellor’s Innovation Fund will allocate $2 million a year for five years. Each year,
Insight Accelerator, Chicago Universities Team To Spur Start-ups
In the last 25 years, the engineers and designers at Insight Product Development have come up with a portable CT scanner and a wireless cardiac implant monitor. For the next generation of breakthrough medical devices, the Chicago design shop is turning to the area’s research universities and entrepreneurs. Insight is opening an accelerator program called
The Dorm Room Fund, Supported By First Round Capital, Puts $20K Into Student Ventures
Most college dormitories are a mixture of unmade beds, fireproof carpeting, beer pong, ramen noodles and that poster of John Belushi in “Animal House.” Investors want to add two more ingredients: successful start-ups and budding venture capitalists. “We’re trying to help students feel what it is to run a start-up, to take an idea that starts in
Oxford’s Said Business School launches new student-led seed fund
Said Business School has announced a new seed fund that will invest up to £25k this summer in two to four start-ups led by Oxford students and alumni.
Australian government selects three VC firms to invest $200M into start-ups
The federal government has picked three venture capital funds to co-invest at least $200 million into high-growth Australian start-ups via its Innovation Investment Fund.
WARF, State of Wisconsin create new early-stage venture capital fund for information technology
The State of Wisconsin Investment Board and Wisconsin Alumni Research Foundation are creating an early-stage venture capital fund focused on information technology. Called 4490 Ventures, a reference to the 44° N latitude and 90° W longitude lines that approximate the center of the state of Wisconsin, the $30 million fund will focus on early-stage companies
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