Good Read: Venture Philanthropy Straddles Two Worlds in Healthcare Tech

By | June 15th, 2017|Foundation-support, Venture Capital|

In January, a new venture investment fund opened in Boston with $42 million in its pocket and a goal of raising $80 million within two years.

The new fund, called the JDRF T1D Fund, quickly invested in three early-stage start-ups. Just like traditional venture capital funds, the T1D Fund plans to work closely with start-ups in […]

New Bascom Ventures capital fund is premised on University of Wisconsin alumni pride

By | June 6th, 2017|Foundation-support, Venture Capital, Wisconsin|

The secret ingredient to building a robust investment fund for startups might just be Badger pride. That’s the idea behind a new venture capital fund called Bascom Ventures, anyway.

The 10-week-old endeavor is fundraising from University of Wisconsin alumni to create a pool of millions of dollars to go toward […]

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.

Houston Methodist Receives $21M Commitment to start three new funding programs

By | April 13th, 2017|Foundation-support, Texas|

Houston Methodist recently received a $21 million commitment – the largest nonestate pledge in its almost 100-year history – to speed up the development of new treatments and therapies for patients suffering from injury and illness.

The Houston Methodist Research Institute will use this gift from the Jerold B. Katz Foundation to support translational research, […]

SEP Venture Capital donates to University of Strathclyde Entrepreneurs Fund

By | January 25th, 2017|Foundation-support, UK/England|

Venture capital firm Scottish Equity Partners has made a “significant” donation to a fund which invests in business ventures by members of the University of Strathclyde’s community.

SEP has made the gift to the Strathclyde Entrepreneurs Fund, which provides early stage investment in companies and ventures run by the University’s staff, students and alumni.

UCSF Receives $500 Million For Faculty And Research Improvement from Foundation

By | January 19th, 2017|California, Foundation-support|

University of California – San Francisco has received a $500 million donation from the late Helen Diller through her foundation. This is one of the largest donations made to the university as well as in the history of other academic institutions.

In its official website, the University of California San Francisco […]

3 eminent alumni fund innovation centre at IIT-Madras

By | January 19th, 2017|Foundation-support, Gap support programs, India|

IIT, Madras on Wednesday unveiled its centre for innovation and entrepreneurship which will pave the way for more teaching, research, product development and policy-making initiatives.Named the `Gopalakrishnan-Deshpande Centre’ (GDC) after three of its wellknown alumni, it has an initial funding of $1 million from Infosys vice-chairman Kris Gopalakrishnan and venture […]

Psst, Rowan has a $5M venture fund 

By | December 8th, 2016|*Fund Types, Foundation-support, New Jersey, Venture Fund|

The venture fund is an outgrowth of the late Rowan’s transformative gift of $100 million in 1992 to what then was Glassboro State College.

The money has remade Rowan (renamed for its benefactor) which operates two medical schools, and has attracted high-caliber faculty to its engineering program.

Bridging off of its good fortune, Rowan president Ali Houshmand […]

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 […]

Two entrepreneur alumni donate $1 million each to UBC seed fund

By | November 28th, 2016|Canada, Foundation-support, Startup Fund|

Greg Peet, a technology entrepreneur who attended UBC’s Sauder School of Business, and Glenn Walsh, who founded the mining construction company Tercon Group and is an alumnus of the faculty of applied science, donated the money to a seed fund run by entrepreneurship@UBC.

The fund, known as e@UBC, “provides startup programs, industry mentorship, office and maker […]