The fund, which has already made its first investments, will offer between $50,000 and $200,000 to both spinouts and student startups.

US-based investment fund Contrary Capital launched earlier this week with networks in 55 US faculties in a bid to back spinouts and startups launched by students and alumni.

Contrary will provide $50,000 to $200,000 in capital to portfolio companies.

The fund has already invested in Additive Rocket Corporation, which is researching novel approaches to propulsion technology for space exploration and Cortex Healthcare, a medical follow-up management platform.

Contrary’s investment strategy uses entrepreneurial students within each targeted faculty to connect the…