Drexel University announces the creation of a new technology transfer enterprise called Drexel Ventures.

Drexel University has created Drexel Ventures, a new tech transfer enterprise which will be backed by a seed fund and an incubator.

In a release, the US-based University said that the goal of the new unit will be to spur technological advancements with real world applications and to make it easier for Drexel researchers to enter into partnerships with the private sector that will see their work appear in the marketplace.

Drexel Ventures will support the University’s commercialisation efforts with…