US-based Ohio University (OU) has agreed to partner with local state peer Ohio State University (OSU) to set up a university venturing fund.

US-based Ohio University (OU) has agreed to partner with local state peer Ohio State University (OSU) to set up a university venturing fund.

They have committed $15m and $20m to the fund, respectively.

The money comes from the Ohio University Foundation, which set aside the funds for private equity, and is looking for third-party investors.