Perdue University alumni venture consortium launches to support Purdue commercialisation efforts.

Silicon Valley Boiler Innovation Group (SV BIG), a group of Purdue University alumni made up of established Calif.-based venture capitalists, angels and entrepreneurs, has launched with the intention of supporting Purdue entrepreneurs looking to launch their own startups.

Although independent from Perdue, SV BIG, which currently has 24 members, will work with the University’s Entrepreneurial Task Force. The group plans to meet with faculties, researchers and students to identify ventures with the highest potential for success, and provide mentoring support to startups that meet the criteria.

Perdue alumni Tom Schroeder, who was instrumental in starting SV BIG, said: “SV BIG was created through the initiative of several Purdue alumni who have been successful in the startup world. It is an independent, alumni-driven group. This grassroots organization can bring critical market advice, fundraising insight, a Silicon Valley cultural perspective and technical know-how to potential entrepreneurs at the university.

“The objective of…

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