Home2020-01-08T10:00:11+00:00

University Gap Funding and Accelerator Community News

1601, 2020

AI2 Incubator hatches $10M fund for startups with VC support

Seattle’s Allen Institute for Artificial Intelligence is kicking things up more than a notch for AI startups with a $10 million pre-seed fund for its incubator program. The AI2 Incubator’s fund is backed by some of the nation’s top venture capital institutions, such as Seattle’s Madrona Venture Group, Silicon Valley’s Sequoia Capital and Kleiner Perkins, and New York’s Two Sigma [...]

1601, 2020

CIT GAP Funds 2019 Impact Report Showcases $28.8 Million in Capital Deployed to Date

The Center for Innovative Technology (CIT) today released the 2019 CIT GAP Funds Impact Report, detailing both return on investment and socio-economic impact made since the fund’s inception in 2005. A family of funds placing equity investments in Virginia’s high-growth based technology, life science, and cleantech companies at the earliest [...]

1501, 2020

UPMC Enterprises commits $1 billion to life science investments

A corporate arm of UPMC will invest $1 billion over the next four years to develop new drugs, medical diagnostic and other devices by 2024, cranking a nascent economic engine in the Pittsburgh region while becoming a giant in venture funding for life sciences in Pennsylvania. The commitment announced Tuesday [...]

1501, 2020

ASU Develops a New Generation of Healthcare Innovators

Facebook, Apple, and Microsoft were launched by college-age students. To stimulate a similar dynamic for the healthcare industry, Arizona State University is creating a breeding ground to foment a new generation of innovators. The Tempe, Arizona-based university, which has been ranked the last five years by U.S. News and World Report as the nation's most [...]

1501, 2020

Saudi Aramco Energy Ventures Plans New 0M Fund Targeting Renewable Energy

Saudi Aramco’s corporate venture capital arm is preparing to launch a new $500 million fund to invest in energy efficiency and renewable energy solutions as well as new oil and gas technologies. Saudi Aramco Energy Ventures (SAEV), a subsidiary of the kingdom’s state-owned oil producer, has also opened an office in [...]

901, 2020

5 Ways to Boost Local Innovation 

Visitor numbers keep setting records year after year, but core questions about tourism and the Hawai‘i economy haven’t changed for half a century: How do we hedge against economic vulnerability when tourism is our No. 1 industry? And how can we build viable, sustainable and scalable economic industries in our unique [...]

901, 2020

ASU’s ScaleU, an Edtech Accelerator With a University Behind It

When Dana Stephenson began to court Arizona State University two years ago, he was looking for a higher ed client for his education technology startup. Instead the university wound up as one of his most important investors. What began with faculty interest in Stephenson’s Canadian company, Riipen, which connects students [...]

901, 2020

UD’s Hen Hatch 2020 startup funding competition has launched 

University of Delaware’s annual Hen Hatch startup funding competition is back for 2020, with applications currently open for both tracks: one for current students, and one for alumni, faculty and staff. The 10 most promising startups from each track will be selected to pitch in the semifinals in March, followed by the finals [...]

901, 2020

FSU funding helps researchers bring ideas to marketplace

Projects to improve genetic testing, a replacement for rare-earth magnets and an app that will help treat ADHD all earned funding through a Florida State University program to support researchers adapting their work to the marketplace. FSU’s Office of the Vice President for Research awarded a pot of $130,650 as [...]

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