Young Entrepreneurs Academy (YEA!), an entrepreneurship program for middle and high school students, awarded seed money to five startups in the Tuscaloosa, Alabama area after the student founders presented their business plans.
Finance/Venture
WestTech Ventures launches tech incubator Project Flying Elephant in Berlin
Masoud Kamali and Alexander Kölpin, Founders of WestTech Ventures, have introduced Project Flying Elephant, their incubator in Berlin that will focus on deep tech startups, VentureBeat reported.
Singapore's sovereign wealth fund GIC backs Intelligent Energy Holdings with $63M
GIC, a sovereign wealth fund in Singapore that manages its foreign reserves, has supported UK-based Intelligent Energy Holdings with $63 million, a statement about the funding said.
Canada-based PHEMI Health Systems bags $2.8M in seed round
PHEMI Health Systems, a Canada-based big data platform, has bagged a seed funding round of $2.8 million from various investors, a statement about the funding said.
Virtual View App secures $500K in seed funding
Virtual View App, a London-based augmented reality startup for the property market, has bagged its first external funding round of $500,000 from unnamed backers, TechCrunch reported.
Latest News
Nokia said its $7.2 billion deal with Nokia is set to close on April and not in the first quarter of this year as was originally planned, TechCrunch reported.
Eleven startups coming from eight countries were chosen to become part of the TechStars London lineup for 2014 out of the 1,500 that applied, TechCrunch reported.
WelVU, a startup that offers a multimedia patient engagement technology platform, raised $1.25 million from unnamed investors for its initial seed funding round, VentureBeat reported.
Pamela York, the new Chief Executive Officer (CEO) of AccelerateMSP, scrapped the nonprofit entrepreneurship organization's plan to raise a seed fund for Twin Cities startups but will instead focus on mentoring them after they have raised capital.
IEX Group Inc, the trading platform that aims to protect investors from predatory trading practices, received a nod of approval from one of the largest traders globally, Goldman Sachs Group, Bloomberg News reported.
Hermosa Beach, US-based payments firm Oink found a way to let parents monitor and control their kids' in-app purchases by linking a credit card to their accounts and letting them set a purchase limit for a specified length of time.
Warren Buffet emerged as the winner on the bet he made on a Quicken Loans Inc contest that no individual would be able to correctly predict the winner of each game in the NCAA men's basketball tourney, Bloomberg reported.
Developers have modified the open source Bitcoin software and released a new version to resolve the transaction flaws and to prevent a Mt Gox-like incident from happening again.
The One World Doll Project, a subsidiary of One World Holdings Inc, secured a capital infusion of $500,000 from a New Mexico-based private equity investor, a statement about the funding said.
