The fund will be managed by Teri Willey for Indiana University Research and Technology Corp and will focus on prototyping and proof-of-concept through to early-stage investments.
Indiana University Research and Technology Corp (IURTC), the commercialisation arm of Indiana University (IU), launched a $15m evergreen fund on Friday to invest in spinouts formed by faculty, students and staff at IU’s campuses.
The IU Philanthropic Venture Fund will be funded largely through designated, tax-deductible gifts to the institution and may grow to $50m in size.
The vehicle will aim to support research commercialisation and will provide prototyping and proof-of-concept funding, as well as make early-stage equity investments.
Eligible…
