Google Ventures Launches $100 Million Startup Fund in Europe

Google venture fundCiting the “compelling” success of European companies like SoundCloud and Spotify, Google Ventures is starting a new $100 million fund to support the work of entrepreneurs across Europe.

The new office will be headquartered in London, adding to locations in Boston, New York and San Francisco.

In a blog post announcing the move, managing partner and Google Ventures co-founder Bill Maris wrote “startups need more than just capital to succeed: they also benefit from engineering support, design expertise, and guidance with recruiting, marketing and product management…We believe Europe’s startup scene has enormous potential.”

Google Ventures, Google’s venture capital investment arm, launched in 2009 and has since contributed funding to 250 companies, including Uber, Flatiron Health, cloud-based companies ZenPayroll and Cloudera, social site About.Me and smart-thermostat maker Nest Labs, which Google bought for $3.2 billion back in January.

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Announcing Tech.London

Tech.LondonAs an epic milestone for London’s rapidly growing technology ecosystem, Mayor of London Boris Johnson announced yesterday the launch of Tech.London, a comprehensive online hub designed to connect, support and grow London’s tech and startup community. The result of a public/private partnership between Mayor of London, IBM and Gust, Tech.London is the city’s place to meet tech and startups and will bring together detailed information about over 1,000 London-based tech and digital companies. 

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U-M to lead statewide Tech Transfer Talent Network to bring more inventions to market

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To turn an invention into a marketable product that can benefit society, you need, above all else, the right people involved. That’s the premise behind a new $2.4 million statewide program called the Tech Transfer Talent Network. It is led by the University of Michigan and funded through a grant from the Michigan Economic Development Corporation.

The network includes seven universities and regions with strong research-based technology opportunities or clusters of talent, and in some cases, both.

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How Large Corporations Can Successfully Engage With Startups

Innovation, performance excellence and risk management are top agenda items for corporate leaders. Their innovation strategy usually covers: product, service, platform, structure, process, business model, network, channel, customer engagement and brand.

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For long-term success, corporate innovators need to cultivate habits of curiosity, deliberate observation, diverse information seeking and engagement with other creative people. All this is easier said than done. Tightening up of long-term R&D budgets, increasing digital disruption, organisational bureaucracy and the bias of prior success are making it harder for large enterprises to innovate on their own, and thus driving them to tap new sources of innovation: startups.

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