Samsung to back European start-ups with $150 million investment fund

By | July 14th, 2017|Corporate, Europe|

Samsung‘s venture capital arm announced Wednesday it is expanding into Europe to invest in the continent’s start-up scene.

Samsung NEXT will use a $150 million global fund raised in January to target early stage start-ups in Europe for investment or acquisition, focusing on tech companies working on artificial intelligence, […]

IoT start-up Drayson Technologies clinches £10m to fund “cutting edge” research at Oxford University

By | July 14th, 2017|Corporate, UK/England, Venture Capital|

Healthcare tech business Drayson Technologies is celebrating the close of a £10m Series C investment round led by Woodford Investment Management, which will support the business’ “ground-breaking” research deal with Oxford University and its NHS Trust.

As part of the funding round, Oxford University and the Oxford University Hospitals NHS Foundation Trust (OUH) will receive an […]

Toyota Invests $100 Million in Fund for AI, Robotic Startups

By | July 14th, 2017|Corporate|

Toyota Motor Corp. wants to smooth the oft-bumpy ride for startup companies and maybe find a few gems to acquire by forming a new venture capital business.

Armed with an initial $100 million to invest, Toyota AI Ventures will seek companies that are taking on challenging research also being pursued […]

Google AI Fund Leads $10.5M Into Algorithmia 

By | June 29th, 2017|Accelerator/incubator, Corporate|

Google’s AI fund has made its first public investment, leading a $10.5 million Series A funding round for Algorithmia, a marketplace and enterprise solution that enables developers to tap into its catalog of 3,500 algorithms, functions and machine-learning models.

According to news from TechCrunch, other […]

Rolls-Royce To Open Turbine Lab at Purdue University

By | June 21st, 2017|Corporate, Indiana|

s part of a public-private partnership Rolls-Royce will establish a $24 million turbine lab for compact gas turbine engines at Purdue University in West Lafayette, Indiana.

Development and testing of next-generation turbine airfoils will be housed at Purdue’s Zucrow Laboratories, one of the nation’s largest university propulsion laboratory for research […]

LifeArc, née MRC Technology, sets up high-risk seed fund for academics

By | June 19th, 2017|Corporate|

LifeArc has set up a seed fund to invest in early preclinical projects that are overlooked because of the high risk of failure at that stage of R&D. The British medical research charity, formerly known as MRC Technology, sees the fund filling a perceived gap in the commercial investment landscape.

That gap covers the stage […]

Honeywell Launches New Venture Investment Fund Focused On Early-Stage, High-Growth Companies

By | May 18th, 2017|Corporate, New Fund Announcement, Venture Capital|

Honeywell (NYSE: HON) today announced the launch of a new investment fund that will invest in early-stage, high-growth technology companies that are strategically aligned to the Company’s portfolio and software capabilities. The initial fund size is expected to be approximately $100 million and investments […]

Microsoft Ventures doubles down on AI with new investments in Agolo and Bonsai

By | May 9th, 2017|Corporate, New Investments/Awards|

Ever feel like there’s just too much information out there?

New York-based Agolo is hoping so. The startup is developing a program that summarizes large amounts of information using artificial intelligence — and it’s one of two AI startups that announced new funding Wednesday from Microsoft’s corporate investment arm, Microsoft Ventures.

Agolo’s funding, first reported by […]

Oculus VR co-founder Brendan Iribe donates $50,000 to UMD’s Startup Shell

By | May 9th, 2017|Corporate, Foundation-support, Maryland|

When junior computer science major Sam Drozdov approached Brendan Iribe — co-founder of virtual reality company Oculus VR — during the on-campus coding marathon Bitcamp in April, he wanted to build a relationship between the entrepreneur and the student-run organization Startup Shell.

Cisco Innovation Challenge lets university entrepreneurs rise and shine 

By | May 1st, 2017|Corporate|

Every year when Naomi Phillips travels to the Caribbean with her husband, they use her homemade sunscreen. And every year, her husband says, “You need to sell this stuff!”

Phillips is a student in the business program at South Mountain Community College in Phoenix. She’s also an entrepreneur, although she didn’t always see herself that way.