The University of Hawaii has named entrepreneur and venture capital William Richardson (pictured) as interim director of the institution’s Office of Technology Transfer and Economic Development.
Due to take the helm for one year, the venture capitalist will also oversee the university’s proof-of-concept centre XLR8UH, which awards pre-seed funding of between $5,000 to $150,000 to Hawaii startups and potential technologies.
Richardson, who also lecturers in law at the university, said: “I believe there’s uncapped value at UH, which I need to work on, and I believe there are ways to increase wealth creation for the university’s assets. I’ve had a small venture capital fund since 1993, and have a broad relationship with the venture capital industry in California. I bring a deal-making perspective [to OTTED].”
