Interest: The Internet is profoundly democratic, lowercase “d.” Anyone with computer access can publish a book, hawk his collection of vintage duck decoys, provide advice on holistic healing.
Crowdfunding, enabled by the Internet, promises as profound a shift: Anyone can become a venture capitalist and anyone can solicit those would-be capitalists to support his startup dreams.
Interest: Nikola Tesla wrote once, "The present is theirs; the future, for which I really worked, is mine." I can see this being quoted by any supporter of equity based crowdfunding (or crowdinvesting) -- an innovative online tool that would give you a legitimate right to own a stake in a company you choose to invest in. Just like angels investors do.
Now, if you think you can invest too, join the club and have a nice... fight.
Interest: As companies wait for the Securities and Exchange Commission to finalize the Jumpstart Our Business Startups Act rules, they may be eager to pounce on equity-based crowdfunding. Once the SEC writes the rules, businesses will be able to raise up to $1 million from non-accredited investors and use general solicitation to secure funding from accredited investors, such as hedge funds and angel groups. But they will have to carefully consider the way they approach crowdfunding, particularly from non-
Interest: A new partnership between the University of Nebraska at Omaha and a group that helps turn inventions into businesses is expected to raise the research profile of UNO and the affiliated Peter Kiewit Institute.
Called the UNO Innovation Accelerator, the effort will help students, faculty and staff who don't have business experience to connect to entrepreneurial education, training and funding.
Interest: UIC will launch a $10 million fund to move technologies devised by faculty, students or staff from research to commercial use.
The Chancellor’s Innovation Fund will make grants totaling $2 million a year for five years.
About half the funding will finance proof-of-concept grants of up to $75,000 for projects just emerging from basic research.
Interest: The Martin Trust Center for MIT Entrepreneurship has expanded its MIT Entrepreneur in Residence (EIR) Network to better support MIT students. The updated program still features a lineup of successful serial entrepreneurs but has added two more levels of support to match students with those EIRs who best suit the student's level of entrepreneurship knowledge and expertise.
Interest: Chicago will establish a second incubator for startup technology firms, this one focusing on biotech and pharmaceutical companies, Mayor Rahm Emanuel is announcing today.
Confirming and expanding on a development first reported by my colleague John Pletz, Mr. Emanuel said 12 companies already have committed to take space in the center, which is based loosely on the highly successful 1871 incubator at the Merchandise Mart that mainly serves digital firms.
Interest: The state of Illinois and the University of Illinois plan to announce a new incubator for life-sciences startups on the Illinois Medical District campus.
The incubator — called Health, Technology, Innovation at the Chicago Technology Park — will be 12,000 square feet and include laboratory and office space on the medical district campus, as the area around the University of Illinois Hospital on the West Side is known.
Interest: A Utah-based company won $100,000 from the U.S. Department of Energy as the first-place winner of the CU Cleantech New Venture Challenge held at the University of Colorado-Boulder for a spray that can decompose plastic.
Students at Brigham Young University in Provo, Utah, have filed a patent on the spray with plans to commercialize its use. The company is called Inviroment.
Interest: A team of MBA students from Georgetown University's McDonough School of Business placed first at the 16th Annual Venture Capital Investment Competition (VCIC 2013) international finals held April 11-13, 2013, at the University of North Carolina-Chapel Hill's Kenan-Flagler Business School.
A team of Georgetown McDonough undergraduates won the National Undergraduate Venture Capital Investment Competition earlier this spring, making this year a clean sweep for Georgetown.
Interest: The University City Science Center has launched the sixth round of its QED Proof-of-Concept program. QED, the first multi-institutional proof-of-concept program for the life sciences and health IT, brings together academic invention, market insight, and commercial guidance as researchers are paired with business advisors to perform technical proof-of-concept validation for life science, healthcare and health IT technologies with high commercial potential.
Interest: Eventbrite Inc., an event ticketing company, has raised $60 million from two investors, making it the latest example of a startup to raise significant private late-stage funding that puts off an initial public offering.
San Francisco-based Eventbrite had sparked expectations of an imminent IPO when it said earlier this month that it hired a chief financial officer, Mark Rubash, who previously worked at Yahoo Inc. and eBay Inc.
Interest: The America Invents Act which radically revised U.S. patent law became fully effective last month. Among other “unintended consequences” the act has made collaboration more difficult and costly during the early stage investigation and later commercialization of university-based scientific research.
Interest: MaRS Innovation, a Centre of Excellence for Commercialization and Research, today announced the formation of a strategic partnership with Pfizer Inc. to advance early-stage technologies related to human health in therapeutics and diagnostics.
Student-made company Frosted, which sells gourmet cupcakes, won the top prize at Friday’s Venture Challenge hosted by the LSU Student Incubator.
The Student Incubator, a program of the Louisiana Business and Technology Center, is a place for students to create their jobs and businesses and hire other students, said LBTC Director Charles D’Agostino. Four students with their own businesses won a combined $25,000.
Interest: Regional student commercialization projects, ranging from a cooling system for data centers to a rooftop system that captures carbon dioxide -- a brewery byproduct -- and converts it to an algae-based nutraceutical, will be recognized at the CU Cleantech New Venture Challenge this week.
Interest: Portland State University and Wells Fargo have teamed up on an effort to boost the flow of cleantech ideas.
The school and the bank are enlisting students to participate in the PSU-Wells Fargo Cleantech Challenge, which will provide $50,000 university innovation teams bring their ideas to market.
Interest: PRINCETON, N.J., April 17, 2013 /PRNewswire/ -- Tigerlabs today announced the launch of the Innovation Track to its Tigerlabs Health accelerator program. Merck Global Health Innovation Fund, LLC and NewYork-Presbyterian Hospital will be active participants in the selection of Tigerlabs Health entrepreneurs, taking special interest in identifying those startups whose innovations promise to solve specific problems the participant organizations are facing.
Interest: ALACHUA – University of Florida’s Sid Martin Biotechnology Incubator was awarded the 2013 Randall M. Whaley Incubator of the Year and the Dinah Adkins Incubator of the Year in the technology category at the National Business Incubation Association’s international conference on April 9.
Interest: The University of Central Florida Business Incubation Program is offering veterans and active military members the chance to learn how to start their own businesses from a successfully proven program.
The University of Central Florida Business Incubation Program (UCFBIP) is the host to the Central Florida pilot program of the Kauffman FastTrac NewVenture Veteran Entrepreneur course. The program has been taught on military bases around the country with 300 participants so far.