A students at the University of Akron in the US state of Ohio receive $250,000 to start venture capital fund.

The University of Akron in Ohio has raised $250,000 to start a university venture capital fund led by students.

The Northeast Ohio Student Venture Fund received two grants of $125,000 each from the Burton D Morgan Foundation and the Ohio Third Frontier Commission to create the fund.

The venture programme will now seek opportunities to invest $25,000 in early-stage companies, which don’t have to be affiliated with Akron. The fund has already invested in two firms, and is currently looking at a third.