Chicago launches $10m commercialisation fund

May 1, 2013 •

The University of Illinois at Chicago launches a $10m to help research cross the valley of death and beyond.

The University of Illinois at Chicago (UIC) has announced it is launching a $10m startup fund aimed at assisting inventions advance from research stages towards commercialisation opportunities.

The Chancellor’s Innovation Fund (CIF) will make $2m in investments each year, with $1m going towards proof-of-concept funding and the remainder used for seed investments. Grants for proof-of-concept will be up to $75k, whereas seed investment will range from $150k to £250k. Proceeds from fund investments will be reinvested to support future UIC…

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