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Six companies started by students at the University of Southern California's Lloyd Greif Center for Entrepreneurial Studies at USC Marshall have been awarded a total of $50,000 in seed funding, after competing in the center's New Venture Seed Competition held this week.
In a bid to help research from the University of Southern California reach the market, the USC Stevens Institute for Innovation said Wednesday afternoon that it is awarding $439,000 in gap funding to seven projects from USC, which have a high potential to spin out of the school.
USC Stevens Institute , the effort at the University of Southern California to spur innovation within the school, has tapped a number of venture capitalists to help guide a new mentorship and funding program, the institute said this morning. Amount of funding available to teams was not announced by the school.
A new study compiled by the University of Southern California tallies up $380M raised in capital by USC spinouts in the last three years, and a 15 year total of $800M raised by 39 startups with roots at the school. READ MORE>>.
The University of Southern California and wealthy engineer Fariborz Maseeh , now a hedge fund manager in Newport Beach, is announcing this week a $1M endowment, which will fund an annual, $50,000 prize for a business plan competition for the school's engineering students. affiliated event focused on spreading innovative ideas.
A new startup, Algorithmia , which was co-founded by a USC PhD student, said today that it has raised $2.4M in a seed funding round, to go towards its online marketplace for computer software algorithms. The funding came from Madrona Venture Group, Rakuten Ventures, Deep Fork Capital, and angels. Algorithmia is based in Seattle.
Beauty Noted , an online beauty and cosmetics social discovery site founded by USC student Sarah Kortschak, said Tuesday that it has raised $2.2M in a funding round. The startup--which is based in San Francisco--said the funding came from Kortschak Investments, as well as IDG Ventures and Crosslink capital.
The startup accelerator will actually based based at USC's Information Sciences Institute in Marina Del Rey. The school said that applications for the first program will be accepted through Monday, April 22nd. The school said that applications for the first program will be accepted through Monday, April 22nd. READ MORE>>.
Patrick Soon-Shiong , the billionaire founder of Abraxis Bioscience, has made a "multi-million" dollar donation to the University of Southern California , to endow a new chair at the USC Viterbi School of Engineering. According to USC, the Chan Soon-Shiong Family Foundation, funded by Soon-Shiong and his wife, Michele B.
The USC Viterbi Startup Garage , the startup accelerator that is part of the University of Southern California, has scored backing from the Amazon Alexa Fund , the venture investment arm of Amazon that invests in startups using Amazon Alexa. Financial details of the investment by the Amazon Alexa Fund were not announced.
The University of Southern California is reporting today that spinouts out of the school have raised $148m in the last two calendar years (2008-2009), and that there are now at least 24 USC spinouts currently in business. USC also reported that it owns equity in 32 startups, though none of those startups were identified.
Department of Energy said this week that it has awarded more than $76M in funding, for advanced energy-efficient building technology projects and the development of training programs for commercial building equipment technicians, building operators, and energy auditors.
In a bid to spur more startups out of the University of Southern California, the USC Stevens Institute for Innovation said Wednesday that it has awarded $498,700 to six research projects. USC's effort, the Ideas Empowered Program, is funded by James C. READ MORE>>.
The University of Southern California's Marshall Greif Incubator said on Wednesday that it is accepting application for its next class of startups, which must have at least one founder who is a student, alum, faculty or staff member of USC.
The founding Executive Director of the USC Stevens Center for Innovation , Krisztina Holly , is leaving the center to pursue other interests, USC said late Friday. According to the university, Holly decided to leave USC this month to pursue other opportunities for entrepreneurship and innovation. READ MORE>>.
Lookout , a firm developing security software for mobile phones and started by two recent USC graduates, has raised $5.5M in a funding , according to the New York Times this morning. According to the Times, the firm raised the new round of funding this month from Khosla Ventures.
Scientific equipment maker Agilent is funding a new scientific research center at the University of Southern California , focused on biomedical research, through a new scientific collaboration.
Pasadena-based Wavemaker Three Sixty Health, LP , the healthcare startup investment fund led by Jay Goss, has teamed up with the University of Southern California's MESH (Medicine, Engineering, Science, Humanities) Academy at the USC Keck School of Medicine.
The Department of Energy (DOE) said this week that it has awarded $377M in funding for 46, Energy Frontier Research Centers (EFRCs) focused on reducing dependence on imported oil and to curtail greenhouse gas emissions, including a center at the University of California, Santa Barbara , and one at the University of Southern California.
Social games developer Zynga has funded a new effort to increase the diversity in the video game development industry, through a partnership with the University of Southern California , Zynga said on Tuesday.
However, the recent surge in startup activity has attracted a lot more capital into the area, including a significant amount of capital from LA's latest fund: Karlin Ventures (www.karlinvc.com). TX Zhuo: Karlin Ventures is an early stage venture fund based in LA. We're a very new fund, but are aggressive and like to hustle.
A New York-based online learning firm with links to the University of Southern California has scored a round of funding, and added Redpoint's Greg Martin to its board, the firm said this morning. That program, MAT@USC, ofers a Master of Arts in Teaching through online courses. 2tor also has offices just North of USC on Figueroa Street.
Glendale-based LegalZoom has partnered with the University of Southern California (USC), to fund a scholarship and a new lab, the company said this week.
in angel funding, from Jarl Mohn, Gordon Crawford, Kevin Wall, Activation Media Partners, Baroda Ventures, SV Angel, Jeff Pulver, and Richard Crowell. nProgress said its ntro app had a pilot launch at USC and UC Berkeley; the firm is now opening up the app in both Los Angeles and the Bay Area. nProgress is backed by $1.7M
Los Angeles-based Alelo , which develops game-based, role playing simulations and teaching technology, says that it has partnered with the USC Institute for Creative Technologies , to co-develop disruptive learning technology.
Financial details of the funding were not disclosed. Audyssey''s technology is based out of research spun out of USC''s Immersive Audio Lab, called MultEQ. Los Angeles-based audio processing technology developer Audyssey and Intel Capital said Tuesday morning that Intel Capital has made an investment in Audyssey. READ MORE>>.
According to the school, the funding will go towards construction of the Lawrence J. Ellison Institute for Transformative Medicine of USC. Benioff has been a member of USC's Board of Trustees since 2010, ad has a Bachelor's in Business Administration from the USC Marshall School of Business. READ MORE>>.
According to USC this morning, the $50M gift will go to endow the USC Mark and Mary Stevens Neuroimaging and Informatics Institute , which is focused on preventions and cures for brain injury and disease, including Alzheimer''s, schizophrenia and traumatic brain injury.
We talked with Noah about how the company grew out of a business plan competition at the University of Southern California, his recent funding from the Maverick Angels, as well as how the firm hopes to stand out among a crowded list of comparison shopping sites. Noah Auerhahn: We got started right out of USC.
The USC Stevens Institute for Innovation , the effort of the University of Southern California to foster innovation within its campus and the community, has been turning an eye to how to more effectively spin out academic efforts into companies. READ MORE>>.
New York-based 2tor , the online education startup which powers online degree programs from the University of Southern California (USC) and others, has raised $32.5M in a Series C funding. The funding came from Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners, and CityLight. 2tor also has operations near USC.
A new competition--part of the Startup America effort launched by the Obama Administration, and spearheaded locally by Caltech, USC, and UCLA--said today that it is looking to award $200,000 in prize money to university students with clean energy business ideas. The competition is being funded via $360,000 grant from the U.S.
The company--which runs online degree programs for the University of Southern California (USC) and many other schools--had been backed by Redpoint Ventures, which funded the company out of its Los Angeles office. 2U''s first, online degree program was with USC''s Rossier School of Education. Redpoint Ventures owned 23.2
For example, Lookout is a mobile security company that was founded by three talented graduates of USC. A few years later they announced $150 million in a funding round at $1 billion+ valuation and are ramping up jobs to secure their market-leading position. I often point out the story of when we raised our fourth fund a few years ago.
Last night, Amazon.com jumped into the movie business, with its own, online film submission site, Amazon Studios , backed by the help of a number of notable USC Film School advisors. Despite coming from Amazon, the local involvement is heavy, with USC's School of Cinematic Arts heavily involved, as well as other local entertainment execs.
Online higher education startup 2tor , which has offices in Los Angeles and a prominent deal with the University of Southern California, said this morning that it has raised $26M in a Series D funding round. 2tor develops online, college education degree programs, including a major deal with two of USC's schools to provide online degrees.
A local, clean energy business plan competition started by the California Insitute of Technology (Caltech), the University of Southern California (USC), and the University of California, Los Angeles (UCLA) has awarded $160,000 in prizes in its latest competition. READ MORE>>.
Credit: Apex Today, Apex announced their Series B funding round, led by XYZ Ventures and CRV, with participation from Upfront. Is it because of the rich engineering talent coming out of Caltech, UCLA, USC, Harvey Mudd, and all the other universities?
The Knight News Challenge is a contest which helps to fund digital news experiments and technology. Stroome was founded by Nonny de La Pena and Tom Grasty, both of whom are graduate students at USC's Annenberg School of Journalism. READ MORE>>.
Scripted.com , the online marketplace for freelance writers which has a number of Southern California angel investors, said Wednesday that it has raised another $150,000 in funding.
in a Series B funding, and moved its headquarters to San Diego. The funding came from Domain Associates, Vulcan Capital, and angel investors. As part of the funding, the firm said that Domain's James C. Daniel Hillis of Applied Minds, and who is also a professor at USC's Keck School of Medicine.
Dave told us a bit more about the Viterbi Startup Garage and several other associated efforts there at USC centered around the startup ecosystem. The Startup Garage is an incubator which gives preference to USC teams, or startups that are USC affiliated in some way, for example, alumni-led. What is Viterbi Startup Garage?
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