News round up 26 February 2018

A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.

News

How Connecticut became the least likely innovation hub in the US

From a ‘national joke’ to a hotbed of entrepreneurialism, the state has blazed a trail to become one of the leading destinations for technology startups.

Indonesia plans new venture capital tax incentives

Ministers are aiming to stimulate investment in small firms and startups.

 

Funds

UK healthcare firms to benefit from $12m NHS investment

SBRI Healthcare is providing a second round of equity funding for companies developing primary care and GP services.

Trump gives funding boost to DIUx

The Department of Defense’s venturing agency is in line for a 30% increase in financial support.

Embrapa builds bridges for agritech startups

The Brazilian agency is working with Cedro Capital to support new businesses.

Land Transport Authority readies $18.8m Innovation Fund

The Singaporean government-backed agency is aiming to stimulate research and collaborative projects.

 

Deals

Harry's handles $112m in funding

The Grace Beauty-backed razor blade subscription service has received new funding in a round featuring Temasek and Alliance Consumer Growth.

Karnataka invests in $3.6m Pandorum series A round

The meditech firm also attracted support from Flipkart founder Binny Bansal.

Toss Lab pings investors for $5.2m round

SBI led a Korea Development Bank-backed round for cloud collaboration platform developer Toss Labs, whose earlier investors include Qualcomm and Softbank.

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