University City Science Center, an organization central to the region’s burgeoning life sciences sector, announced Wednesday the creation of its fourth “strategic pillar” — a venture capital arm that will deploy funds to startups addressing health inequities for underserved populations. This addition of a capital arm adds to the nonprofit’s existing work, which it describes [...]
The IU Philanthropic Venture fund has made a second $500,000 investment into Mentor Collective, a Boston-based education technology startup that helps universities with mentorship programs. The platform helps to connect first-year and international students with campus life and now has more than 100 partnerships with universities. IU Ventures made an initial $500,000 investment during the [...]
Dana-Farber Cancer Institute is diving deeper into biotech financing, announcing Thursday the launch of Binney Street Capital, its first-ever venture fund. Binney will support new research and technologies as part of the institute's larger mission to help treat incurable cancers. The fund plans to invest in eight to 10 companies over the next three years, providing between [...]
For one, there’s a question of visuals. The objects have to be three-dimensional enough to look like they’re in front of a player, and a character has to be able to move around to see those objects to the right or left. It’s not just a question of look, but also feeling like you’re somewhere [...]
Tampa General Hospital has joined the growing list of health systems with an innovation hub and venture capital fund. It has announced the creation of a venture capital fund dedicated to driving a culture of innovation across Tampa General through the support of early-stage startups and direct investments. Tampa General Hospital is a 1,006-bed nonprofit [...]
Xfund, a Palo Alto, CA-based Cambridge, MA-based early-stage venture capital firm designed to back lateral thinkers, closed its newest investment vehicle, Xfund 3. Launched in 2012 as a collaboration between Harvard University and New Enterprise Associates and Breyer Capital, the fund combines academia with venture capital to seek out founders who have pursued liberal arts degrees. Led [...]
Diagnostic cancer testing startup Amplified Sciences is the first company to receive a double investment through IU Ventures' startup support ecosystem. After receiving an investment from the IU Philanthropic Venture Fund in April 2020, Amplified Sciences attracted a $25,000 investment through the IU Angel Network in June. "An objective of IU Ventures is to introduce each founder we meet to resources to support [...]
The CU Healthcare Innovation Fund announced today that it has secured its maximum targeted committed capital of $50 million. The fund is affiliated with and located on the University of Colorado Anschutz Medical Campus near Denver, Colorado. The limited partners include, among others, the University of Colorado, UCHealth, Children's Hospital Colorado and CU Medicine, all [...]
Amazon is contributing $200,000 to the Accelerate Blue Fund, a University of Michigan philanthropic venture fund—representing the first corporate gift received by the fund that aims to help develop and commercialize promising U-M technologies. The donation brings Accelerate Blue nearly to the halfway point of its initial goal of $2 million. By the end of the [...]
The IU Philanthropic Venture Fund and the Innovate Indiana Fund, which provide capital to companies founded by Indiana University faculty, students, alumni and staff to help bring their research and innovations to the public through new ventures, have made a cumulative follow-on investment of $250,000 in Indianapolis-based Diagnotes Inc. Diagnotes provides a suite of team-based, patient-centered collaboration tools [...]