US-based biopharmaceutical company Cullgen has garnered seed financing
of up to USD 15m by Tokyo-based life-science company GNI Group Ltd.
The company will use proceeds from the seed financing
to advance the preclinical research of its scientific founder and chief science advisor Eric Olson, PhD, to a clinic-ready therapy.
The Entrepreneurship Acceleration and Seed Financing
Instrument consists of EUR 21 M provided under the JEREMIE initiative within the Competitive Power Operational Program.
Generally, however Brussels will treat its current TENs energy fund as seed financing
, meeting up to 10% of costs.
Existing investors Amadeus, which led the seed financing
of Plastic Logic, Intel Capital, Bank of America, BASF Venture Capital, Quest for Growth, and Merifin Capital also participated.
Stuart Collinson, a senior partner with Forward Ventures, will also join the Proprius board, along with Nancy Olson of Fog City Fund, which provided the original seed financing
for Proprius Pharmaceuticals.
Chris has worked for KPMG since 2001, when he joined the Leeds office after a three-year secondment with another Big Four firm in Vancouver, where he focused on seed financing
for Pacific North-West businesses and junior stock exchange work ( while also developing his skiing.
Members give inspirational speeches, provide seed financing
, serve on boards or act as mentors to would-be entrepreneurs in the U.
This program, which will be managed directly by Alcatel Shanghai Bell, is a dedicated venture fund investing directly in IT and telecom technology start-ups in their early and even seed financing
One of the drivers of Fujii's interest in making loans versus simply providing equity seed financing
is that after plowing through their first round of investment, most venture companies can't get operating cash or can only get it at exorbitant rates of interest.
In order to gain an advantage, many seed companies developed nationally administered seed financing
options for growers.
Lane also played a key role in forming Arkansas Venture Fund, a new source of early-stage seed financing
for technology companies expected to be online in May.