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 stages.
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.
