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…
