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Author: ZORAN BASICH


Source: The Wall Street Journal


Interest: Beijing-based Shunwei Capital Partners’ new $525 million venture capital fund highlights a recent surge of fundraising for China-focused funds. It’s the fourth such major fund closure in the last two weeks, and the $2.23 billion worth of capital secured by Shunwei, IDG Capital Partners, Legend Capital and GGV Capital since May 22 more than doubles the total for the entire first quarter, Sonja Cheung reports for VentureWire.


Link: http://blogs.wsj.com/venturecapital/2014/06/06/the-daily-startup-how-star-investors-are-driving-china-vc-fundraising/

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Author: Justine Coyne


Source: Piitsburgh Business Times


Interest: Carnegie Mellon University's Center for Innovation and Entrepreneurship has been awarded a three-year, $300,000 grant from the National Science Foundation to create an Innovation Corps Site on campus to train entrepreneurial faculty and student teams to commercialize research and concepts related to science, technology, engineering and math.


Link: http://www.bizjournals.com/pittsburgh/blog/innovation/2014/06/cmu-gets-300k-grant-for-innovations.html

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Author: Steven Collins


Source: Circle Ville Today


Interest: CIRCLEVILLE— Ohio Christian University updated Circleville City Council on Tuesday on the progress of bringing the Southern Gateway Economic Innovation Development Center to the community. The center is a business incubator that will help small businesses get off the ground by supporting them with basic needs such as office space as well as helping them make connections to the community.


Link: http://www.circlevilletoday.com/news/ocu-president-shares-business-incubator-updates-with-council/article_a91d5511-3dc5-521d-8b2a-5e699a57127f.html

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Author: Romulus Capital


Source: Yahoo Finance


Interest: Romulus Capital, a venture capital firm founded out of MIT focused on seed- and early-stage technology and science-enabled companies, announced today that it has raised $50 million from a powerful group of individual investors from six regions around the world including the US, Western Europe, Russia, South Asia, the Middle East, and Hong Kong.


Link: https://uk.finance.yahoo.com/news/romulus-capital-announces-close-50-120000054.html

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Author: Geeks News Desk


Source: Broad Way World


Interest: NEW YORK, June 4, 2014 /PRNewswire/ ImageBrief, the online global marketplace where commercial image buyers license curated photos from professional photographers, closed $750,000 in funding, bringing the company's total funding-to-date to around US $3.2 million. ImageBrief will use the new funds to expand its product team and develop additional offerings in response to the needs of advertising agencies, brands and publishing customers.


Link: http://www.broadwayworld.com/bwwgeeks/article/Great-Oaks-Venture-Capital-Invests-750000-in-ImageBrief-20140604

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Author: John Wright


Source: Murray Ledger & Times


Interest: Murray State University has been included as one of eight Kentucky locations that will host regional entrepreneurial pitch competitions later this month. The MSU event is scheduled for 11 a.m., June 17 inside Heritage Hall. The competition is sponsored by the Office of Entrepreneurship within the Kentucky Cabinet for Economic Development, along with the Kentucky Angels Network and the Kentucky Innovation Network.


Link: http://murrayledger.com/news/msu-to-host-entrepreneur-competition/article_16e281f8-eb9d-11e3-9505-0019bb2963f4.html

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Author: Stephen T. Watson


Source: The Buffalo News


Interest: Eight biotechnology and information-technology companies promise to hire up to 200 workers as they move into tax-free zones tied to the University at Buffalo in the first wave of the state’s Start-Up NY economic-development plan, Gov. Andrew M. Cuomo announced Wednesday in Buffalo.


Link: http://www.buffalonews.com/city-region/development/cuomo-announces-8-firms-as-part-of-start-up-effort-near-ub-campuses-20140604

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Author: Emily Kimball Pope


Source: MD Biz News


Interest: ockville-based CytImmune is working to revolutionize cancer treatment through tumor-targeted therapies. The Maryland Department of Business and Economic Development (DBED) and Montgomery County Department of Economic Development (DED), on Tuesday, announced their continued support for the company, resulting in a $400,000 total investment.


Link: http://mdbiznews.choosemaryland.org/2014/06/04/cytimmune-earns-400k-state-county-corporate-investment/

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Author: Juliana Reyes


Source: Technical.ly


Interest: The University of Pennsylvania has relaunched its technology transfer office under a new name, the Penn Center for Innovation. The move is a nod to how tech transfer – how universities commercialize research – is evolving at Penn (and at many other universities). It’s no longer only about patents and licensing, said director of the Penn Center for Innovation John Swartley has said. It’s now also about launching startups and partnering with corporations for sponsored research.


Link: http://technical.ly/philly/2014/06/02/penn-tech-transfer-center-innovation/

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Author: Sue Tabbitt


Source: The Guardian


Interest: Widespread job cuts and stricter banking terms have driven aspiring entrepreneurs into the arms of online investment communities in recent months, to the point that crowdfunding has become a mainstream means of accessing money for anyone with a great idea.


Link: http://www.theguardian.com/small-business-network/2014/jun/04/crowdsourcing-banks-startup-investment

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Author: Keith Landry


Source: MyFoxOrlando.com


Interest: A simple video shows what could become a huge change in how we send and store electricity through wires. The video illustrates research being done at the University of Central Florida's NanoScience Technology Center.


Link: http://www.myfoxorlando.com/story/25686820/nanotechnology-research-at-ucf-could-change-how-we-send-and-store-electricity

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Author: Matt Evans


Source: Triad Business Journal


Interest: Piedmont Venture Capital set up shop in April and is building its pipeline now, according to founder and Managing Director Sean Talbott. Talbott, formerly an associate director with real estate investment banking firm Wharton Gladden, said he and others he’s been working with on the project have seen that the need for capital extends far beyond the real estate realm.


Link: http://www.bizjournals.com/triad/blog/2014/06/new-piedmont-venture-capital-firm-hopes-to-connect.html

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Author: PRNewswire


Source: The Providence Journal


Interest: The National Institute of Health has awarded a Phase I Small Business Innovation Research (SBIR) grant to Daktari Diagnostics for a point-of-care hepatitis C diagnostic system. Daktari, which commercializes diagnostic platforms to meet the health care needs in Africa, Asia, and resource-limited settings worldwide, will use the grant funding to continue development of the Daktari HCV assay, which runs on the same point-of-care platform as the Daktari CD4 test used to monitor HIV patients.


Link: http://www.providencejournal.com/business/press-releases/20140603-daktari-awarded-nih-phase-i-sbir-for-its-hcv-diagnostic.ece

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Author: Bernadette Tansey


Source: Xconomy


Interest: Shortly after Rosenman’s death, UCSF leaders started creating the Rosenman Institute, a new medical device incubator within an existing campus-based bioscience program, QB3. Startups at the new incubator will be advised by more than a dozen volunteer industry experts who quickly signed up to help in Rosenman’s honor. The members are now called the Rosenman Fellows.


Link: http://www.xconomy.com/san-francisco/2014/06/03/university-of-californias-qb3-takes-on-medical-device-startups-at-new-incubator/

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Author: Diane Kukich


Source: UDaily


Interest: 11:15 a.m., June 2, 2014--The University of Delaware has won a $300,000 award from the National Science Foundation’s Innovation Corps Sites Program (I-Corps Sites). The three-year project, “I-Corps Sites as an Ecosystem Catalyst,” will be led by Dan Freeman, director of UD’s Horn Program in Entrepreneurship, and Dan Flynn, associate dean for research in the College of Health Sciences.


Link: http://www.udel.edu/udaily/2014/jun/nsf-innovation-corps-060214.html

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Author: Tiffany Orr


Source: 3D Print


Interest: Texas-based Technology firm Structured Polymers raised $1.2 million in seed funding in less than a week via MicroVentures, a crowdfunding platform that connects startups with venture capitalists.


Link: http://3dprint.com/5054/structured-polymers-microventures/

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Author: Jesse Solomon


Source: CNN


Interest: The former chairman and group CEO of electronics giant Sony has joined the board of advisors of Fenox Venture Capital, Inc (Fenox). Mr. Idei is currently the founder and CEO of Quantum Jared Leto is many things: 90s teen drama star, a powerful portrayer of a transgender AIDS patient, and now, a venture capitalist. The Academy Award-winner is among the early investors in human resources automation company Zenefits, one of the hottest startups in Silicon Valley.


Link: http://money.cnn.com/2014/06/03/investing/jared-leto-zenefits/

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Author: Kathleen Gallagher


Source: Journal Sentinel


Interest: Recent reports from two respected nonprofits — the Brookings Institution and the Kauffman Foundation — have raised alarms that the number of business start-ups in the United States is falling. The rate of new companies being started fell by nearly half from 1978 to 2011, according to a May report from the Brookings Institution. Wisconsin ranked in the middle of the pack in terms of its rate of decline over that period, the report says.


Link: http://www.jsonline.com/business/alarm-sounded-over-wisconsins-lack-of-start-ups-venture-capital-b99279993z1-261467221.html

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Author: Claudia Grisales


Source: Statesman


Interest: An Austin-based 3D printing industry startup has gotten a major boost with $1.5 million in seed funding led largely by local investment firm MicroVentures. Technology firm Structured Polymers, founded by several University of Texas graduates, was able to bypass traditional venture capital efforts by raising most of the cash — $1.2 million — in less than a week through MicroVentures’ crowdfunding platform in their largest effort to date.


Link: http://www.statesman.com/news/business/austin-3d-printing-startup-gets-15-million-boost/nf8mY/

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Author: UMASS Lowell


Source: UMASS Lowell


Interest: LOWELL, Mass. – Higher-education experts and leaders of venture incubators and foundations from across North America will unite at UMass Lowell next month to explore how colleges and universities can expand their roles as drivers of the innovation economy.


Link: http://www.uml.edu/News/press-releases/2014/DeshpandeSymposium052814.aspx

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