Toyota’s first standalone, early-stage venture capital firm, Toyota AI Ventures, will change its name to Toyota Ventures and grow its total assets under management to more than $500 million with the addition of two $150 million early-stage funds: the Toyota Ventures Frontier Fund and the Toyota Ventures Climate Fund. The new brand and additional capital are a [...]
IBM and the state of Illinois are partnering with the University of Illinois to invest $200 million over 10 years in a new Discovery Accelerator Institute. The Grainger College of Engineering hopes to launch the new institute this fall, Dean Rashid Bashir said. “We look forward to working with them to develop this new model of [...]
$50 million, multiyear commitment from Boeing will help jump-start Virginia Tech’s effort to create the most diverse graduate technology campus in the United States, the university announced Tuesday morning. Boeing’s commitment will provide student scholarships, foster the recruitment of world-class faculty and researchers, and fund STEM pathway programs for underserved K-12 students looking to pursue [...]
CVS Health (NYSE: CVS) today announced the launch of CVS Health Ventures, a dedicated corporate venture capital fund that will invest in and partner with high-potential, early-stage companies focused on making health care more accessible, affordable, and simpler. "Consumers deserve a better health experience, one that puts them at the center of cutting-edge, digitally enabled solutions," [...]
Nashville's record-setting economic development recruit is helping fund a series of programs at the city's Entrepreneur Center. Amazon.com Inc. (Nasdaq: AMZN) is now a formal "supporting partner" of the 11-year-old nonprofit organization, which announced the contribution on March 31. Amazon's funding will support five existing programs at the EC: PreFlight, which is for first-time entrepreneurs [...]
Chevron Corp.'s investment arm has launched a $300 million fund that will focus on low-carbon technology. Chevron Technology Ventures LLC's Future Energy Fund II builds on the success of the first Future Energy Fund, which kicked off in 2018 and invested in more than 10 companies specializing in niches like carbon capture, emerging mobility, and [...]
Moline-based Deere & Company announced today the companies that will be part of the 2021 cohort of the Startup Collaborator program. This program was launched in 2019 to enhance and deepen its interaction with startup companies whose technology could add value for John Deere customers. “The startup collaborator program continues to build tremendous interactions between [...]
A new study makes the case that as funding for university research shifts from government to private firms, entrepreneurship suffers. Why it matters: The share of research funding to universities from the federal government has declined as private companies make up a bigger proportion of R&D spending. Far from encouraging the development of new companies, the shift may [...]
“Always be pitching” has been the startup mantra for years, and for good reason. Pitching helps improve and validate ideas, understand customers, and accelerate learning on a consistent basis, so your company can build the right product. But over-investing in pitches has a dark side. The obsession with the perfect pitch has led to countless [...]
The FINANCIAL -- sp3nw to Accelerate WSU Life Science Innovation and Entrepreneurship Into Biotech, Pharma, Diagnostics, and Medical Device Companies Through Faculty, Affiliate Expertise. Washington State University (WSU) Health Sciences today announced the launch of Spinout Space in Spokane (sp³nw), a new life sciences incubator that will launch start-up companies. As part of this launch, the [...]