Rensselaer Polytechnic Institute, a private research and engineering university in New York, is set to benefit from a new fund set up by its alumnus Jeff Stewart.
While the total size of the fund has not been disclosed, individual investments in startups and spin-outs will range between $250,000 and $2.5m. Stewart is expecting the first investment to be made by end 2014.
The fund will not be specifically limited to Rensselaer or to New York, instead choosing not to impose…