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NEA

Early-stage incubator launches at Harvard

If there had been an early-stage incubator at Harvard when Mark Zuckerberg was starting Facebook, the world's largest social-networking company might not be based in Silicon Valley today.

There was no such investment fund back in 2004, but today, there is. In an announcement this morning, Harvard's School of Engineering and Applied Sciences (SEAS) launched the Experiment Fund, a new early-stage seed fund that is being backed by New Enterprise Associates, one of the world's largest venture capital firms.

According to the fund's Web site, its mission is to be "a bridge between America's … Read more

Video games are 'art' eligible for your tax dollars

One man's Boticelli is another's Duke Nukem Forever. That's the view of the National Endowment for the Arts, which announced this week that "interactive games" will be just one of the new media eligible for federal funding through the NEA's "Arts in Media" program. That's right, the agency that's brought you countless Shakespeare, ballet, and classical music productions is trying to get hip with all the stuff the kids are into these days.

Alice Myatt, the NEA's media arts director, gave the low-down in a video on the NEA site on the new types of content her program is going to be looking to fund with federal tax dollars. These include "content developed for the Web, for mobile phones, and even content for game platforms."

In the past, the program had focused on radio and television, but now looks to be opening itself up to just about all forms of digital creation.

The shift comes as the NEA has come under fire from many Republicans in Washington who have targeted the endowment for budget cuts. In fact, NEA chair Rocco Landesman is on Capitol Hill today making his pitch for funding to Congress. The copy of his remarks I saw didn't mention anything about integrating more Faulkner references into Grand Theft Auto or redesigning Angry Birds using the works of Keith Haring, but that doesn't mean someone isn't already working on the proposals for the September funding application deadline.

In all seriousness, the program isn't likely to fund more literary first-person shooters, but it could lead to the creation of a few really excellent and entertaining apps and games that will be made available to the public for free and allow their creators to get paid. I'm just looking forward to the wine and cheese at new game "openings."… Read more

Pinnacle Engines gets $13.5 million infusion for ultra-efficient combustion engine development

While automakers are working toward building hybrid, plug-in or bio-fuel- driven fleets for the future masses, Pinnacle Engines has unveiled its latest four-stroke engine that promises to be more efficient than the alternatives.

Based on a four-stroke, spark-ignited, opposed-piston, sleeve-valve architecture, Pinnacle's ultra-efficient engine will first power scooters and rickshaws in Asia by 2013, and in the future will power cars in the United States and Europe.

The engine uses technology developed by Monty Cleeves called the Cleeves Cycle.

"By 2016, more than 200 million combustion engines will be manufactured globally. Pinnacle technology could make them considerably more … Read more

Storage start-up Tintri launches with $17 million

Tintri this week is coming out of stealth mode with a new storage system designed to solve the unique storage problems of virtual machines (VMs). Founded by the former head of VMware R&D, the company is also announcing it raised $17 million from venture firms NEA and Lightspeed Partners.

Storage has long been a lucrative market, heavily dominated by just a few players. The introduction of a virtualization-oriented solution brings new blood and a new approach to a rather stagnant industry. And, considering the enormous growth of virtualization, an approach that IT staff should certainly be interested in. … Read more