UTEC launches a new initiative to help deep tech founders commercialize their work
The University of Tokyo Edge Capital Partners (UTEC) is launching a new program to address a problem the venture capital fund says many deep tech founders face. They may raise pre-seed capital from an incubator or accelerator program, but reach a funding gap before moving on to early-stage rounds. Without financial resources, it takes longer to commercialize their technology, no matter how promising.
UTEC, an independent venture fund associated with The University of Tokyo and other academic institutions, created the UTEC Founders Program (UFP) to address that gap. It offers two tracks: equity, which invests up to $1 million with flexible terms, and grants, a nondilutive donation of about $50,000 (or occasionally up to $100,000) awarded to recipients every six months.
The Future Founders Festival is free, online, and kicks off tomorrow
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Opportunities & Challenges for Women Entrepreneurs
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UNSW startup to launch camera into space
HEO Robotics is teaming up with Space Machines Company to launch an on-orbit inspection camera into space.
HEO Robotics Founders Dr Hiranya Jayakody and Dr Will Crowe. Photo: UNSW.
UNSW Sydney startup HEO Robotics’ space camera is scheduled to launch onboard Optimus, the nation’s largest satellite delivery vehicle developed by Space Machines Company, early next year.
The space camera, named ‘Potoroo’, is HEO Robotics’ first fully owned space-based camera to acquire high quality imagery of valuable assets in space.
Images captured by the camera help satellite owners and operators better understand the health status of their assets and accelerate the process of resolving any issue occurring on their satellites.