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One in 25 children in the Netherlands suffers from amblyopia, or lazy eye, which causes them to see something different in one eye than in the other, Phys.org reports.
Fortunately, there's a treatment that's been around for centuries, but it's expensive, hard to find, and doesn't always work.
That's why a new fund in the Netherlands is trying to change that.
Called the Startup Innovation Fund (SIF), it's a $9 million effort with the goal of promoting innovation in the West and supporting entrepreneurs in the Utrecht region, Phys.org reports.
It's similar to a similar fund in California, called the Proof of Concept Fund, that has supported around 20 companies over the past three years, according to a press release.
The SIF will offer investments in the "early stage" of development for up to $500,000.
"The goal of the fund is to promote innovation to stimulate a healthy individual, a healthy environment, and a healthy society," the head of investments at ROM Utrecht Region says.
One of the SIF's first investments will go to a company called MYCOTEX, which is developing environmentally friendly textiles using biomaterials made from mushroom roots and other biomaterials.
Another investment will go to a company
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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The UNICEF Venture Fund is looking to invest in Open Source frontier technology solutions that have the potential to create radical change for children.They are offering up to US$100K in equity-free...more
The Balouo Salo Non-Profit Organisation has launched the 2025 edition of the Kaira Looro Architecture Competition for Nursery Schools.The competition invites architects, students, designers,...more
The Arla Bovaer case highlights a new frontier for agrifoodtech: combatting misinformation.New technologies, particularly in food, ag, and climate, are uniquely vulnerable to...more
The Ohio Department of Mental Health and Addiction Services (OhioMHAS) awarded a $250,000 SOAR Network Innovation Grant to LiFEsports.Coach Beyond offers training designed to go beyond X's and O's...more
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Social Entrepreneurship
Spotlight
Social Enterprise Shortlisted for First Citi Microentrepreneurship Awards
First Enterprise Business Agency (FEBA), a Nottingham-based business support organization, is a contender for two categories at the first Citi Microentrepreneurship Awards to be held this coming February.
