JD Vance’s firm invested in food company now facing lawsuits
October 21, 2022 GMTCOLUMBUS, Ohio (AP) — A high-tech indoor farming company in Appalachia promoted by JD Vance and financed in part by his venture capital firm is facing five lawsuits alleging it misled regulators and duped investors.
Nevada adopts ‘Gener8tor’ program to fund small businesses
March 12, 2022 GMTRENO, Nev. (AP) — Nevada is backing a bid to boost entrepreneurship and improve access to funding for small business and startup accelerators in two of its largest cities.
Gov. Steve Sisolak announced the effort on Tuesday with Mayor Carolyn Goodman of Las Vegas and Mayor Hillary Schieve of Reno.
Investment firm agrees to pay $800K in settlement with state
March 4, 2022 GMTCONCORD, N.H. (AP) — The founder of an investment company has agreed to pay $800,000 in a settlement with the state of New Hampshire over misleading statements about fund management fees, commingling assets with funds and not filing required documents, state regulators said Friday.
Company backed by Conn. first lady to exit COVID testing
December 18, 2021 GMTHARTFORD, Conn. (AP) — A health care company whose investors include a venture capital firm run by Connecticut’s first lady will exit the COVID-19 testing business after questions were raised about contracts it received to run state testing sites.
Lamont says no profit from wife’s investment in testing firm
November 22, 2021 GMTHARTFORD, Conn. (AP) — Connecticut Gov. Ned Lamont says a health care company that received funds from his wife's venture capital firm and was contracted by the state to perform COVID-19 testing has not yet generated any profits.
Evers proposes $100 million for new venture capital fund
February 14, 2021 GMTMADISON, Wis. (AP) — Gov. Tony Evers will propose more than $329 million in new economic development initiatives as part of his state budget proposal on Tuesday, including a new $100 million venture capital fund to help startups and $200 million to assist small businesses hurt by the coronavirus pandemic...
Robinhood raises $3.4B from investors amid surge in trading
February 1, 2021 GMTPopular online trading platform Robinhood said Monday that it has lined up $3.4 billion to help meet its funding requirements amid a spike in trading on Wall Street fueled by small investors driving up shares in GameStop and other stocks...
Indiana’s life sciences sector sees record venture funding
January 2, 2021 GMTINDIANAPOLIS (AP) — Indiana's life sciences sector attracted a record $257 million in venture funding during 2020 despite the state's economic woes wrought by the coronavirus pandemic, an Indianapolis-based group says...
Federal Reserve proposes loosening rules on bank investments
January 30, 2020 GMTWASHINGTON (AP) — The Federal Reserve SCRANTON — ChannelApe has all the trappings of a Silicon Valley startup. There’s a ping-pong table outside the conference room, exposed beams in lofty ceilings and desks you stand at where young programmers studiously tap away, transfixed on dual screens.
Scranton Tech Startup Lands $2.4 Million In Seed Funding, Expanding To Tap Global Market
July 21, 2019 GMTSCRANTON — ChannelApe has all the trappings of a Silicon Valley startup. There’s a ping-pong table outside the conference room, exposed beams in lofty ceilings and desks you stand at where young programmers studiously tap away, transfixed on dual screens.
Flare Capital Partners Appoints Parth Desai as Senior Associate
March 25, 2019 GMTBOSTON--(BUSINESS WIRE)--Mar 25, 2019--Flare Capital Partners, a leading healthcare technology venture capital firm, today announced the addition of healthcare technology investor and experienced policy professional Parth Desai as a Senior Associate...
Venture capital up in Indiana, report says
March 21, 2019 GMTVenture capital investment in Indiana startups increased by 70 percent last year as compared to 2017, a report being released today shows.
That's the good news in the 2018 Indiana Venture Report released by Elevate Ventures, an Indianapolis-based venture development organization.
Correction: College Admissions-Bribery-The Latest story
March 14, 2019 GMTBOSTON (AP) — In a story March 13 about a college admissions bribery scandal, The Associated Press erroneously described a defendant's employer...
Football great Joe Montana looking to score with marijuana
January 25, 2019 GMTSAN FRANCISCO (AP) — Hall of Fame quarterback Joe Montana, looking to hit pay dirt in the legal marijuana industry, is part of a $75 million investment in a pot operator, it was announced Thursday...
Will DMC create ‘Silicon Valley of Medicine’?
March 28, 2017 GMTDestination Medical Center hopes to give Rochester a reputation for being a magnet for tech startups and entrepreneurs.
But turning the city into a "Silicon Valley of Medicine" won't be easy.
Panel: Business funding requires more than an idea
July 22, 2016 GMTSTAMFORD — The business experts on the panel convened Thursday at the University of Connecticut’s Stamford campus underscored a critical financing principle for entrepreneurs: A great idea alone will not get your business funded.