August 2009

USA, Grants to improve access to 2 Industrial Parks

August 30, 2009

Grants from the Economic Development Administration (EDA) were delivered to create additional jobs and private investment in two regions of the USA. U.S. Commerce Secretary Gary Locke announced a $2m grant to the cities of Centralia and Wamac, Ill., to make roadway updates to improve access to Centralia Industrial Park #1 and a $700,000 grant [...]

USA, iWalk receives a $20m Series B Round Financing

August 29, 2009

Cambridge, Mass.-based company iWalk received $20m of a $21m Series B round funding to develop a self-contained robotic prosthetic ankle. According to official sources, the funding comes from Cambridge, Mass.-based General Catalyst Partners and New York-based WFD Ventures LLC. This round adds to a $3.7m Series A financing, bringing the company’s total funding over $23.7m. [...]

Milan, Venture Training Contest for Space Startups

August 29, 2009

The Milan Chamber of Commerce Innovation Agency, Innovhub, is organising a Space Venture Training Contest, an initiative having the target to identify, select and prepare 12 of the most promising startups (or potential ventures) connected to the space and aerospace sector. During the Contest, in cooperation with the Italian Council for social sciences (CSS) and [...]

Berkeley, free event about Start Up

August 28, 2009

A free event about startups will take place on October 24th at the Wheeler Auditorium, UC Berkeley. The event, which is sponsored by Berkeley CSUA, St@b, BASES and Y Combinator, is aimed at people who are thinking about starting up a business or businessmen who already started it. During the day, experts such as Facebook’s [...]

USA, New Contest for Inspiring Small Businesses Launched

August 28, 2009

American Express, in partnership with NBC Universal, has launched Shine a Light, a contest to recognize inspiring small businesses throughout the country. The contest gives everybody the chance to submit a story about a business adopting an innovative approach to survive in tough times, having a customer-first mentality and giving back to the community, even [...]

USA, Menlo Ventures leads $5m investment in MOG

August 28, 2009

MOG, the Web’s music blogging network, closed a $5m equity financing round lead by Menlo Ventures. Long-time investors Simon Equity Partners and Scott Jones have also invested in this round bringing the total amount MOG has raised in funding to date to $12.5m. MOG, founded in June 2005 and headquartered in Berkeley, CA receives over [...]

USA, Balihoo secures a $7m financing

August 28, 2009

Balihoo, the Boise-based provider of local marketing automation technology and services to franchises and national brands with local marketing needs, secured a $7 million financing. The operation was led by OpenView Venture Partners, which joins existing Balihoo investors Highway 12 Ventures and Lacuna Gap Capital, who together supplied the company’s initial capital and also contributed [...]

USA, OneRiot secures a $7m financing

August 28, 2009

OneRiot, the realtime search engine, secured a $7m Series C financing led by Appian Ventures, Commonwealth Capital Ventures and Spark Capital. The company, headquartered in Boulder, Colo, with offices in San Francisco, will use proceeds to further enhance its core search product and to support its fast-growing partner network. Kimbal Musk, OneRiot’s CEO, was reported [...]

India will double the flow of credit to MSMEs in five years, PM says

August 28, 2009

Indian Prime Minister, Dr. Manmohan Singh, said the government needs to do more to realize the full development potential of Micro, Small and Medium Enterprises (MSMEs). Attending the National Awards to Micro, Small and Medium Enterprises in New Delhi, Mr Singh guaranteed the Government’s commitment to double the flow of credit to MSMEs in five [...]

UK, Business Investment 10.4% down in second quarter 2009

August 27, 2009

Preliminary figures for the second quarter of 2009, published by Office for National Statistics (ONS), show that business investment is 10.4% lower than the previous quarter and 18.4% lower than the same period in 2008. Commenting on data, David Kern, Chief Economist at the British Chambers of Commerce (BCC), was reported as saying: “The further [...]

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