New Jersey Health Foundation and the University of Medicine and Dentistry of New Jersey collaborate on new venture model to commercialise university IPs.
New Jersey Health Foundation and the University of Medicine and Dentistry of New Jersey (UMDNJ) have developed a rare venture model to foster the commercialisation of university intellectual property (IP).
Foundation Venture Capital Group (FVCG), LLC, a not-for-profit venture fund, was established in 2006 by the board of its parent company, New Jersey Health Foundation, which recognized that ideas generated by scientists at the university were too early stage for other venture capital firms to invest in. Former banker, management…
