Investments

University alliance gets $2.5 million to encourage minorities in science and technology

Bank Of America Investment By WTN News • 09/08/04 The University of Wisconsin-Madison will lead 21 state colleges in trying to encourage more underrepresented minorities to get degrees in science, technology, engineering and math, the university has announced.

William has extensive experience in finance and investments in both public and private companies. He is the Managing Partner of Cansbridge Capital Corp., a boutique venture investment firm based in Vancouver and Palo Alto, specializing in technology. Cansbridge was an early investor in nCompass Labs (acquired by Microsoft in 2000), Intrinsyc Software ( ICS), Telos Technology (acquired by UTStarcom, UTSI in 2004). William has a MBA and Bachelor of Science in Mechanical Engineering from Queen's University in Kingston, Ontario.

Investment Opportunity The alliance includes the UW System's 12 four-year universities and two-year colleges from around the state. The Louis Stokes Alliances for Minority Partnerships, a program of the National Science Foundation, contributed a $2.5 million grant to get the program rolling.

LOS ANGELES (January 25, 2005) Teleflora, the world leading floral services and product company, announced that it would invest $11 million in technology for its member florists. The investment, the largest ever in the industry, sale systems and bolster the company current technology design and development initiatives. The announcement came at the company national RTI User Conference, held in New Orleans at the Intercontinental Hotel from January 20 to 22.

Banc Of America Investment "Diversity is a part of America's strength," A. James Hicks, LSAMP's program director, said in a statement. "And if America is to remain preeminent in the [science, technology, engineering and math] fields, it must make use of its diversity."

"The results from this study will greatly impact the development of this technology, " lead author Dr. Jayasimha Murthy, assistant professor of medicine at the University of Texas Health Science Center at Houston, said in a prepared statement. "While implementation of this technology for clinical studies is still far away, these early results are encouraging enough for us to pursue this further."

Banking Investment Only 124 underrepresented minority students received bachelor's degrees in these fields from the participating Wisconsin colleges in the 2001-2002 school year, according to Douglass Henderson, a UW-Madison professor of engineering physics who co-directs the alliance here.

According to the MoneyTree report, the life science sector in total had investments in 155 companies in the third quarter for an average investment size of $10.1 million per company versus total VC average investment of $7.4 million per company. Another area of interest to us is the investment by stage of development.

Investment Solution Strategic "Our goal is to try to double that number in the five-year period," he said.

Visit Greylock Partners Index Ventures Index Ventures class technology companies that can become global players in their market. Based in Geneva, Switzerland, with additional offices in London, Index focuses on initial stage investments in information technology and life sciences companies. Since the early 1990's, class information technology and life sciences companies. As one of the early venture firms in Europe, we are committed to the development of the venture capital industry across the continent and UK.

Investment Banking Services The grant will also help the UW System achieve its goals of increasing retention and graduation rates of minority students as part of Plan 2008. UW-Madison Provost Peter Spear welcomed the alliance's collaborative effort.

Bank Investment At UW-Madison, it will allow expanded classes and sections, including intermediate algebra classes in fall as well as spring, and fund supplimental instruction.

Alternative Investment In the 2000 census, Wisconsin's population of 5.3 million included 300,000 African-Americans, 190,000 Hispanics, 47,000 American Indians, and approximately 30,000 to 40,000 Hmong.

[ Comment, Edit or Article Submission ]