Interest: Media company Bloomberg is launching its own venture capital fund, called Bloomberg Beta today. With the fund, the company is putting aside $75 million to invest in early-stage startups. The fund has already put money into nine companies and is being led by Roy Bahat, chairman of video game hardware startup OUYA and former head of IGN Entertainment.
Interest: SAP will announce Thursday that it plans to increase the size of SAP Ventures’ $155 million HANA fund to $405 million as part of a broad effort to “define what a next-generation corporate venture capital organization looks like,” SAP Ventures Chief Executive Nino Marakovic told VentureWire.
Interest: Merck KGaA signaled Thursday that it will make a bigger commitment to investing in emerging biotech companies. The German company is giving its corporate venture capital fund MS Ventures a boost--raising its funding level to €100 million ($129 million) from an initial investment level of €40 million ($51.6 million) when the fund was first established in March 2009.
Interest: The state's still-emerging high-tech economy saw developments on several fronts last week, creating optimism that years of talk might finally yield significant action.
■The state Assembly — viewed by many as the biggest hurdle to a long-awaited venture capital bill — overwhelmingly approved a $25 million plan to set up a state-sponsored fund.
■Cellular Dynamics International Inc., the Madison maker of fully functioning human cells in industrial quantities, filed with federal securities regulat
Interest: An enthusiastic, mixed bag of people gathered in the European Commission’s conference room at the Charlemagne building last week. They were there to discuss the opportunities and risks presented by the recent rapid rise of crowdfunding. The industry grew by nearly 80 percent last year and is now an important financial vehicle for startups, SMEs and cultural projects.
Interest: Forget chemicals or pills in the fight against nasty bacterial infections. Entrepreneur Mark Spiecker is betting that the secret lies with sharks.
Those fast and carnivorous fish just happen to have microscopic textures on their skin that make them highly resistant to barnacles, algae and, surprisingly, most human bacteria.
Interest: Innovation funding has become a reality in Iowa. HF 615 was approved by the Iowa Legislature and signed by Governor Branstad today. HF 615, originally named the Iowa Innovation Fund, fills the critical gap between angel and venture capital funding for emerging Iowa businesses. It is often referred to as “next stage” funding because it provides capital for businesses to evolve and move forward. HF 615 will help strengthen early stage funding in Iowa’s financing continuum by leveraging up to $32 m
Interest: University of North Carolina Wilmington’s new Seahawk Innovation Fund will be one important component of an “innovation campus” that will take root at the university’s Center for Innovation and Entrepreneurship.
That’s according to entrepreneur Tom Looney, the keynote speaker at a program Wednesday about Becoming an Investor-Ready Entrepreneur. The all-day forum was held at UNCW.
Interest: The fact that the SEC has yet to fully implement the Jumpstart Our Business Startups Act (the "JOBS Act") has not slowed the discussion of the Act. One of the more novel discussions was published by the University of Denver Sturm College of Law in an online issue. Law students of J. Robert Brown Jr. wrote papers on the Act. Eight of them were published by the Law Review. They discuss Title V’s registration threshold; exempting internet portals from the definition of broker-dealer; the income ca
Interest: The creation of Bloomberg Beta has raised questions of journalism ethics in The New York Times.
The following is based on reports that appeared in Adweek and Techcrunch.
Bloomberg L.P., the parent company of Bloomberg News, launched a $75 million venture capital fund on Wednesday. The fund is called Bloomberg Beta and will focus on startups that produce insights from data and make the experience of work better.
Interest: The burgeoning crowdfunding industry is giving entrepreneurs more access to capital, but if spent foolishly, even unlimited amounts of money will not support a single successful business. Money paired with mentorship can turn ideas into growing businesses.
Interest: Three entrepreneurial efforts by University of Tennessee students have received a total of $25,000 from the Boyd Venture Fund.
And a fourth student venture has been given space in the UT Research Foundation Business Incubator — an in-kind offer worth $3,000.
Interest: Recent figures out indicate that bank lending for small businesses is at a particularly low ebb at present – in April, they tumbled by a staggering £700 million, which is startling, given they currently account for 85% of small business finance, writes James Day, social media manager at Ingenious Britain.
Interest: Madison —The state Assembly overwhelmingly approved boosting venture capital investment on Thursday with $25 million in taxpayer money, sending a long-stalled idea to the Senate.
Republicans who run the Assemblyalso approved bills rewriting landlord-tenant law and allowing attorneys to quickly block orders by trial judges blocking state laws, at least for a time. Those bills received preliminary approval last month, but Democrats prevented final votes on them then.
Interest: The Tennessee Charter School Incubator has received a $112,000 grant that will be used to form the Tennessee Turnaround School Leaders Network.
The network will provide development for local charter school operators and leadership groups in Nashville and Memphis.
Interest: Two of EPA's Small Business Innovation Research (SBIR) program awardees received Tibbets Awards at the White House. Orono Spectral Solutions and Ecovative Design were among the 21 recipients of this year’s Tibbets Awards. This prestigious award is presented to small businesses and individuals that are exemplary in their work and continue to illustrate the mission and goals of the SBIR and Small Business Technology Transfers programs.
Interest: The Department of Energy has approved a Small Business Innovative Research (SBIR) Phase 1 grant proposal to study the differential data from retrofitting a concentrated solar thermal array to the existing geothermal electrical generation system currently installed at the Oregon Institute of Technology (OIT). The SBIR program encourages small businesses to engage in research and development that has the potential for commercialization.
Interest: Microsoft announced a new crowdfunding initiative yesterday, aimed at college students in need of a PC.
The program, called ‘Chip In,’ will allow students to set up a fundraising page for a laptop or tablet of their choice, to which friends and family will be able to contribute.
Interest: Chicago-based Narrative Science, which specializes in artificial intelligence and communication technology, has received funding from an investment firm tied to the Central Intelligence Agency.
The amount of the funding was not disclosed. Narrative Science said it will build a version of Quill, its flagship technology product, for In-Q-Tel's government customers. IQT, as the Arlington, Va.-based firm is known, is a private company that invests in and partners with startups on behalf of the U.S.