The university has established a partnership with Winnow, enabling its innovators to receive guidance from a venture capitalist-in-residence.
Concordia University Wisconsin has formed a partnership with Winnow Fund, a US-based venturing unit targeting local student-founded businesses.
The partnership will involve Winnow Fund assigning a venture capitalist-in-residence to assist company founders who are Concordia students, faculty or staff.
It will also complement Concordia University’s new incubator for student and community-led startups: the Robert W. Plaster Free Enterprise Center.
Concordia University has been revealed as an LP in Winnow Fund’s inaugural vehicle, which achieved its initial $6m close in September 202o.
The unit is anchored by Badger Fund of Funds, a regional vehicle backed by the government of Wisconsin, and counts Johnsonville Ventures, the corporate venturing arm of sausage manufacturer Johnsonville, among its LPs.
Utility company MGE Energy, local news publisher Capital Times, Inventure Capital and N29 Capital Partners have also invested, as have more than two dozen angel investors.
