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.
A new $35m fund will be managed by external venture studio High Alpha Innovation and will work with the university on creating new startups.
Global University Venturing (GUV) is where tech transfer, academic and investment experts meet to explore the latest ideas and technologies driving innovation forward. We drive the discussions and share best practices that are critical to the success of spinouts, scaleouts and innovation programmes. Our aim is to help improve the processes of bringing innovations from academia to global markets and facilitate their integration into the broader business ecosystem.
