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Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venturecapital. The fund would seek to invest in companies started on campus, from University research, and from students. READ MORE>>.
A trio of local groups have teamed together to promote innovation and entrepreneurship in Riverside County, and received approval Tuesday from the Riverside County Supervisors for the effort. The groups have not outlined their agenda for the effort yet.
Indio, California-based Helicoid Idustries , a startup developing advanced composite materials for use in the wind turbine, aerospace, sporting goods, auto parts, defense, and industrial market, has raised $2.4M--the first part of what looks like an ongoing $5M investment round. Helicoid is a spinout of the University of California Riverside.
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Water Planet said the investment came from Air Liquide's ALIAD Corporate Venture fund, Bluestem Capital and UCLA Venture Fund. Size of the funding was not disclosed. As part of the funding, the company said it has changed its name dfrom Water Planet Engineering, LLC to Water Planet, Inc.
Instead, we will focus on helping high potential start-up communities like DTLA and Riverside gain momentum, connecting the fourteen SoCal start-up communities into a vibrant network and working with top corporations like Edison and Kaiser get more integrated into the robust and diverse SoCal innovation ecosystem. READ MORE>>.
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