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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/05\/23\/collaborative-fund-wyss-institute-partnership\/<\/a><\/br> For pretty much<\/span> every startup, there\u2019s a perilous period that occurs after things are up and running but the money isn\u2019t flowing. Called the \u201cvalley of death,\u201d the conundrum is especially challenging for climate tech startups, which tend to have a longer time to revenue than something like a payments SaaS, making the valley that much longer and more treacherous.<\/p>\n With some hard tech problems, whether they be fusion power<\/a>, carbon capture<\/a> or mushroom-based leather<\/a>, another valley of death happens even earlier.<\/p>\n Traditionally, this is how it has worked: Founders start with government grants and pitches to attract investors. Particularly good pitches might convince more traditional investors to join larger seed rounds. But for many, the best way to cross the valley of death isn\u2019t to bring more cash but to find the shortest route through it.<\/p>\n That\u2019s the idea behind a new partnership between Collaborative Fund<\/a> and Harvard University\u2019s Wyss Institute<\/a>. TechCrunch+ has exclusively learned that the venture capital firm is giving the Wyss Institute $15 million to build a lab focused on sustainable materials research, and in return it will get first crack at technologies and companies that come out of the institute.<\/p>\n \u201cMoving the needle slightly is not going to have any real impact. We need to completely reimagine, completely reinvent what we already have,\u201d Sophie Bakalar, partner at Collaborative Fund, told TechCrunch+. \u201cOur objective is not just to fund these really breakthrough technologies, but find a way to get them out of the lab and into our lives.\u201d<\/p>\n<\/p><\/div>\n <\/br><\/br><\/br><\/p>\n
\nMany startups fail in the \u2018valley of death,\u2019 so Collaborative Fund and Wyss Institute partnered to bridge it<\/br>
\n2023-05-23 22:38:54<\/br><\/p>\n