Business Startup - Business News - Business Loans

USC: We’ve Helped 15 Promising Startups Raise Over $115 Million In Capital

Posted by Internet Guru
November 3, 2009

The University of South California (USC) will be sharing some numbers about its startup funding activities at First Look L.A. tomorrow, an invitation-only event it’s organizing in partnership with UCLA and CalTech. These numbers are nothing to sneeze at: in less than two years, USC has managed to raise an impressive $115 million in funding for 15 startups.

For your background: the University of South California, to be more precise its Stevens Institute for Innovation, helps USC spin-offs manage intellectual property, regularly incubates and showcases new high-tech ventures and connects promising young teams to appropriate investors for follow-up financing and commercialization.

Los Angeles-based USC tells us 15 startups have raised

a healthy $115 million in funding in total since the beginning of the 2008 calendar year, tapping ‘creative’ financing sources beyond venture capital such as private and overseas investors as well as government grants. Based on those funding numbers, USC asserts the spin-offs are averaging close to $7 million in funding each, not including those that haven’t yet secured a significant investment and also excluding funding numbers for startups that couldn’t be verified through multiple sources.

usc

source: techcrunch

Related Posts:

  1. Five Startups Present At Capital Factory’s Demo Day In Austin The startup incubator model pioneered by Y Combinator is quickly...
  2. Where Entrepreneurs Can Still Find Private Capital Even though VC and angel investments are down, small rounds...
  3. Is The Economic Crisis Affecting European Startups At All? A lot has already been said and written about the...
  4. Monster Round For HomeAway: $250 Million, At An Absurd Valuation Austin, Texas based HomeAway, a vacation home rental service, has...
  5. 2tor Raises $10 Million To Help Universities Manage Online Degree Programs 2tor, a startup that helps universities administer classes and degree...
  6. Good Data Raises $2.5 Million From Andreessen Horowitz And Others Czech startup Good Data has raised $2.5 million in Series...
  7. Facebook May Be Growing Too Fast. And Hitting The Capital Markets Again. When Facebook raised $240 million from Microsoft in 2007, and...
  8. Startups Feel the Squeeze With the IPO market bleak and venture capital scarce, innovative...
  9. Raising Capital from Customers Selling shares in your to customers via a private placement...
  10. Free VC Advice For Startups, Via Twitter Twitter may not be best place for startups to look...
  11. Ooma Gets $14 Million, Survival Looks Like A Real Possibility VoIP startup Ooma has raised another $14 million in venture...
  12. Craigslist Competitor OLX Scores $5 Million For Online Classifieds OLX, the Craigslist for the rest of the world, has...
  13. New Funding For A New World: eRepublik Raises €2 Million Madrid, Spain-based eRepublik, makers of what the startup refers to...
  14. Ad Targeting Firm ContextWeb Raises $26 Million Fourth Round New York-based ad targeting firm ContextWeb raised $26 million of...
  15. LinkedIn Reaches 45 Million Users LinkedIn tonight celebrated their 45 millionth user sign up, according...

Business News

If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Comments

No comments yet.

Leave a comment

(required)

(required)